THE OLD FORGE, HIGH STREET, WHITWELL, VENTNOR, PO38 2PZ - £275,000

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 large extended detached house of 136m², built sometime before 1900, which could now be worth an estimated £417,335. It was last sold for £275,000 in December 2014, which was around 4% above the average December 2014 detached price in the Isle of Wight local authority area. The most recent EPC inspection was January 2014, where the current energy rating was E, and the potential energy rating was D.

THE OLD FORGE Sold Prices

Land registry data shows four sales for THE OLD 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 Isle of Wight local authority area for the corresponding sale date. two of the four THE OLD FORGE sales were for above the average price, and four 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
2014 15 DEC	£275,000	£264,284	4% above HPI
2012 22 FEB	£250,000	£241,611	3% above HPI
2009 17 JUN	£220,000	£230,333	4% below HPI
1997 5 AUG	£37,000	£78,315	53% below HPI

THE OLD FORGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Isle of Wight local authority area over time, sourced from the HPI. The four THE OLD FORGE sales between August 1997 and December 2014 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 2012 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the December 2014 sale, where it rises to 4% above the HPI. The line then continues to track at 4% above the HPI.

What might THE OLD FORGE be worth now?

THE OLD FORGE might now be worth an estimated £417,335.

This is based on house price inflation of 51.8%, between December 2014 and December 2024, for detached houses, in the Isle of Wight local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 51.8% inflationary increase is applied to the most recent sale price for THE OLD FORGE of £275,000 on 15th December 2014. For the value to have increased from £275,000 to £417,335 over the ten years 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 Isle of Wight local authority area.
• The December 2014 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of THE OLD FORGE has not materially changed since December 2014.

How Large is THE OLD FORGE?

THE OLD FORGE is 136m², which includes one extension, according to the EPC inspection conducted in January 2014. This puts it in the largest 30% of detached houses houses in Whitwell, based on EPC data. The below chart shows the distribution of detached houses houses by size in Whitwell, and where THE OLD FORGE lies on this distribution: 77% of detached houses houses are smaller than THE OLD FORGE, and 23% of houses are larger. Note that EPC data is not available for all properties in Whitwell.

THE OLD FORGE: Plot and Title Map

THE OLD FORGE sits on a plot of roughly 0.170 of an acre, or 688m². 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 HIGH STREET in WHITWELL, in the PO38 postcode district. The below map shows the position of THE OLD FORGE on HIGH STREET.