THE FORGE, CHURCH STREET, MERRIOTT, TA16 5PR - £395,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

THE FORGE is a small extended detached house of 107m², built sometime between 1983 and 1990. It was last sold for £395,000 in April 2021, which was around 3% above the average April 2021 detached price in the Somerset local authority area. The most recent EPC inspection was November 2019, where the current energy rating was C, and the potential energy rating was B.

THE FORGE Sold Prices

Land registry data shows four sales for THE FORGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Somerset local authority area for the corresponding sale date. One of the four THE FORGE sales was for above the average price, whilst two were 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
2021 15 APR	£395,000	£382,960	3% above HPI
2020 27 FEB	£280,000	£362,834	23% below HPI
2009 11 DEC	£232,000	£265,584	13% below HPI
1996 26 JAN	£82,000	£81,752	Close to HPI

THE FORGE 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 four THE FORGE sales between January 1996 and April 2021 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 February 2020 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the April 2021 sale, where it rises to 3% above the HPI. The line then continues to track at 3% above the HPI.

How Large is THE FORGE?

THE FORGE is 107m², which includes three extensions, according to the EPC inspection conducted in November 2019. This puts it in the smallest 40% of detached houses in Merriott, based on EPC data. The below chart shows the distribution of detached houses by size in Merriott, and where THE FORGE lies on this distribution: 39% of detached houses are smaller than THE FORGE, and 61% of houses are larger. Note that EPC data is not available for all properties in Merriott.

THE FORGE: Plot and Title Map

THE FORGE sits on a plot of roughly 0.240 of an acre, or 971m². The below map shows the location of THE FORGE, 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 THE FORGE). 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 THE FORGE?

THE FORGE is located on CHURCH STREET in MERRIOTT, in the TA16 postcode district. The below map shows the position of THE FORGE on CHURCH STREET.