OLD FORGE COTTAGE, PITNEY, LANGPORT, TA10 9AS - £240,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

OLD FORGE COTTAGE is a large extended detached house of 179m², built sometime before 1900, which could now be worth an estimated £660,580. It was last sold for £240,000 in January 2002, which was around 44% above the average January 2002 detached price in the Somerset local authority area. The most recent EPC inspection was October 2013, where the current energy rating was C, and the potential energy rating was B.

OLD FORGE COTTAGE Sold Prices

Land registry data shows two sales for OLD FORGE COTTAGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Somerset local authority area for the corresponding sale date. One of the two OLD FORGE COTTAGE sales was for above the average price, whilst the other was for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2002 29 JAN	£240,000	£166,361	44% above HPI
1998 9 APR	£90,000	£102,622	12% below HPI

OLD FORGE COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Somerset local authority area over time, sourced from the HPI. The two OLD FORGE COTTAGE sales from April 1998 and January 2002 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the April 1998 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the January 2002 sale, where it rises to 44% above the HPI. The line then continues to track at 44% above the HPI.

What might OLD FORGE COTTAGE be worth now?

OLD FORGE COTTAGE might now be worth an estimated £660,580.

This is based on house price inflation of 175.2%, between January 2002 and December 2024, for detached houses, in the Somerset local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 175.2% inflationary increase is applied to the most recent sale price for OLD FORGE COTTAGE of £240,000 on 29th January 2002. For the value to have increased from £240,000 to £660,580 over the 21 years and one month to December 2024, the following assumptions must hold true:

• The value of OLD FORGE COTTAGE has moved in line with the HPI for detached houses in the Somerset local authority area.
• The January 2002 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of OLD FORGE COTTAGE has not materially changed since January 2002.

How Large is OLD FORGE COTTAGE?

OLD FORGE COTTAGE is 179m², which includes one extension, according to the EPC inspection conducted in October 2013. This puts it in the largest 40% of detached houses houses in Pitney, based on EPC data. The below chart shows the distribution of detached houses houses by size in Pitney, and where OLD FORGE COTTAGE lies on this distribution: 67% of detached houses houses are smaller than OLD FORGE COTTAGE, and 33% of houses are larger. Note that EPC data is not available for all properties in Pitney.

OLD FORGE COTTAGE: Plot and Title Map

OLD FORGE COTTAGE sits on a plot of roughly 0.264 of an acre, or 1,069m². The below map shows the location of OLD FORGE COTTAGE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of OLD FORGE COTTAGE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is OLD FORGE COTTAGE?

OLD FORGE COTTAGE is located in PITNEY, in the TA10 postcode district. The below map shows the position of OLD FORGE COTTAGE in PITNEY.