THE FORGE HOUSE, GEORGEHAM, BRAUNTON, EX33 1JJ - £412,000

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

THE FORGE HOUSE is a very large extended detached house of 187m², built sometime between 1983 and 1990, which could now be worth an estimated £576,168. It was last sold for £412,000 in July 2015, which was around 29% above the average July 2015 detached price in the North Devon local authority area. The most recent EPC inspection was June 2011, where the current energy rating was E, and the potential energy rating was D.

THE FORGE HOUSE Sold Prices

Land registry data shows five sales for THE FORGE HOUSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the North Devon local authority area for the corresponding sale date. Most of the five THE FORGE HOUSE sales were for above 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
2015 15 JUL	£412,000	£318,305	29% above HPI
2007 31 OCT	£399,950	£306,291	31% above HPI
2002 10 MAY	£205,000	£170,621	20% above HPI
2001 2 APR	£115,000	£138,420	17% below HPI
1997 30 SEP	£115,000	£90,444	27% above HPI

THE FORGE HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Devon local authority area over time, sourced from the HPI. The five THE FORGE HOUSE sales between September 1997 and July 2015 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 October 2007 sale was for 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the July 2015 sale, where it falls to 29% above the HPI. The line then continues to track at 29% above the HPI.

What might THE FORGE HOUSE be worth now?

THE FORGE HOUSE might now be worth an estimated £576,168.

This is based on house price inflation of 39.8%, between July 2015 and February 2025, for detached houses, in the North Devon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 39.8% inflationary increase is applied to the most recent sale price for THE FORGE HOUSE of £412,000 on 15th July 2015. For the value to have increased from £412,000 to £576,168 over the ten years and five months to February 2025, the following assumptions must hold true:

• The value of THE FORGE HOUSE has moved in line with the HPI for detached houses in the North Devon local authority area.
• The July 2015 sale price of £412,000 represented a fair market value for the property.
• The size, condition, and specification of THE FORGE HOUSE has not materially changed since July 2015.

How Large is THE FORGE HOUSE?

THE FORGE HOUSE is 187m², which includes one extension, according to the EPC inspection conducted in June 2011. This puts it in the largest 10% of detached houses houses in Georgeham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Georgeham, and where THE FORGE HOUSE lies on this distribution: 92% of detached houses houses are smaller than THE FORGE HOUSE, and 8% of houses are larger. Note that EPC data is not available for all properties in Georgeham.

THE FORGE HOUSE: Plot and Title Map

THE FORGE HOUSE sits on a plot of roughly 0.069 of an acre, or 281m². The below map shows the location of THE FORGE HOUSE, 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 HOUSE). 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 HOUSE?

THE FORGE HOUSE is located in GEORGEHAM, in the EX33 postcode district. The below map shows the position of THE FORGE HOUSE in GEORGEHAM.