THE OLD FORGE, RUAN MINOR, HELSTON, TR12 7JN - £225,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

THE OLD FORGE is a very small extended detached house of 63m², built sometime before 1900. It was last sold for £225,000 in August 2023, which was around 49% below the average August 2023 detached price in the Cornwall local authority area. The most recent EPC inspection was July 2023, where the current energy rating was F, 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 Cornwall 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
2023 15 AUG	£225,000	£443,993	49% below HPI
1995 28 NOV	£32,500	£71,243	54% below HPI

THE OLD FORGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cornwall local authority area over time, sourced from the HPI. The two THE OLD FORGE sales from November 1995 and August 2023 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 1995 sale was for 54% below the HPI. So the extrapolation line tracks at 54% below the HPI over time, until the August 2023 sale, where it rises to 49% below the HPI. The line then continues to track at 49% below the HPI.

How Large is THE OLD FORGE?

THE OLD FORGE is 63m², which includes one extension, according to the EPC inspection conducted in July 2023. This puts it in the smallest 10% of detached houses in Ruan Minor, based on EPC data. The below chart shows the distribution of detached houses by size in Ruan Minor, and where THE OLD FORGE lies on this distribution: 6% of detached houses are smaller than THE OLD FORGE, and 94% of houses are larger. Note that EPC data is not available for all properties in Ruan Minor.

THE OLD FORGE: Plot and Title Map

THE OLD FORGE sits on a plot of roughly 0.041 of an acre, or 165m². 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 RUAN MINOR, in the TR12 postcode district. The below map shows the position of THE OLD FORGE in RUAN MINOR.