THE OLD FORGE, PETROCKSTOW, OKEHAMPTON, EX20 3HW - £350,000

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

THE OLD FORGE is a very small extended detached house of 72m², built sometime before 1900. It was last sold for £350,000 in February 2010, which was around 32% above the average February 2010 detached price in the Torridge local authority area. The most recent EPC inspection was August 2009, where the current energy rating was D, and the potential energy rating was C.

THE OLD FORGE Sold Prices

Land registry data shows three sales for THE OLD FORGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Torridge local authority area for the corresponding sale date. Two of the three THE OLD FORGE sales were for above the average price, whilst one 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
2010 16 FEB	£350,000	£265,548	32% above HPI
2007 27 NOV	£365,000	£301,439	21% above HPI
1999 30 SEP	£96,500	£97,898	1% below HPI

THE OLD FORGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Torridge local authority area over time, sourced from the HPI. The three THE OLD FORGE sales between September 1999 and February 2010 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 November 2007 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the February 2010 sale, where it rises to 32% above the HPI. The line then continues to track at 32% above the HPI.

How Large is THE OLD FORGE?

THE OLD FORGE is 72m², which includes one extension, according to the EPC inspection conducted in August 2009. This puts it in the smallest 10% of detached houses in Petrockstowe, based on EPC data. The below chart shows the distribution of detached houses by size in Petrockstowe, and where THE OLD FORGE lies on this distribution: 2% of detached houses are smaller than THE OLD FORGE, and 98% of houses are larger. Note that EPC data is not available for all properties in Petrockstowe.

THE OLD FORGE: Plot and Title Map

THE OLD FORGE sits on a plot of roughly 0.215 of an acre, or 871m². 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 in PETROCKSTOW, in the EX20 postcode district. The below map shows the position of THE OLD FORGE in PETROCKSTOW.