THE OLD FORGE, CHAPEL LANE, WIRKSWORTH, MATLOCK, DE4 4FF - £460,000

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 OLD FORGE is a midsized detached house of 93m², built sometime before 1900, which could now be worth an estimated £460,367. It was last sold for £460,000 in October 2024, which was around 3% below the average October 2024 detached price in the Derbyshire Dales local authority area. The most recent EPC inspection was April 2024, where the current energy rating was D, and the potential energy rating was B.

THE OLD FORGE Sold Prices

Land registry data shows two sales for THE OLD FORGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Derbyshire Dales local authority area for the corresponding sale date. Both of the two THE OLD FORGE sales 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
2024 28 OCT	£460,000	£473,962	3% below HPI
2005 15 APR	£225,000	£256,249	12% below HPI

THE OLD FORGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Derbyshire Dales local authority area over time, sourced from the HPI. The two THE OLD FORGE sales from April 2005 and October 2024 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 2005 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the October 2024 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might THE OLD FORGE be worth now?

THE OLD FORGE might now be worth an estimated £460,367.

This is based on house price inflation of 0.1%, between October 2024 and December 2024, for detached houses, in the Derbyshire Dales local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 0.1% inflationary increase is applied to the most recent sale price for THE OLD FORGE of £460,000 on 28th October 2024. For the value to have increased from £460,000 to £460,367 over the ten months to December 2024, the following assumptions must hold true:

• The value of THE OLD FORGE has moved in line with the HPI for detached houses in the Derbyshire Dales local authority area.
• The October 2024 sale price of £460,000 represented a fair market value for the property.
• The size, condition, and specification of THE OLD FORGE has not materially changed since October 2024.

How Large is THE OLD FORGE?

THE OLD FORGE is 93m² according to the EPC inspection conducted in April 2024. This puts it in the smallest 50% of detached houses houses in Wirksworth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wirksworth, and where THE OLD FORGE lies on this distribution: 45% of detached houses houses are smaller than THE OLD FORGE, and 54% of houses are larger. Note that EPC data is not available for all properties in Wirksworth.

THE OLD FORGE: Plot and Title Map

THE OLD FORGE sits on a plot of roughly 0.048 of an acre, or 195m². The below map shows the location of THE OLD 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 OLD 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 OLD FORGE?

THE OLD FORGE is located on CHAPEL LANE in WIRKSWORTH, in the DE4 postcode district. The below map shows the position of THE OLD FORGE on CHAPEL LANE.