THE OLD FORGE, SWIMBRIDGE, BARNSTAPLE, EX32 0PN - £390,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

THE OLD FORGE is a very large extended detached house of 150m², built sometime between 1930 and 1949, which could now be worth an estimated £441,972. It was last sold for £390,000 in June 2021, which was around 1% below the average June 2021 detached price in the North Devon local authority area. The most recent EPC inspection was June 2020, where the current energy rating was D, and the potential energy rating was C.

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 North Devon local authority area for the corresponding sale date. One of the two THE OLD FORGE sales was for below the average price, whilst the other was 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
2021 23 JUN	£390,000	£392,795	1% below HPI
2001 16 FEB	£140,000	£128,736	9% above HPI

THE OLD FORGE 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 two THE OLD FORGE sales from February 2001 and June 2021 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 2001 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the June 2021 sale, where it falls to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might THE OLD FORGE be worth now?

THE OLD FORGE might now be worth an estimated £441,972.

This is based on house price inflation of 13.3%, between June 2021 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 13.3% inflationary increase is applied to the most recent sale price for THE OLD FORGE of £390,000 on 23rd June 2021. For the value to have increased from £390,000 to £441,972 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of THE OLD FORGE has moved in line with the HPI for detached houses in the North Devon local authority area.
• The June 2021 sale price of £390,000 represented a fair market value for the property.
• The size, condition, and specification of THE OLD FORGE has not materially changed since June 2021.

How Large is THE OLD FORGE?

THE OLD FORGE is 150m², which includes two extensions, according to the EPC inspection conducted in June 2020. This puts it in the largest 10% of detached houses houses in Swimbridge, based on EPC data. The below chart shows the distribution of detached houses houses by size in Swimbridge, and where THE OLD FORGE lies on this distribution: 94% of detached houses houses are smaller than THE OLD FORGE, and 6% of houses are larger. Note that EPC data is not available for all properties in Swimbridge.

THE OLD FORGE: Plot and Title Map

THE OLD FORGE sits on a plot of roughly 0.096 of an acre, or 390m². 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 SWIMBRIDGE, in the EX32 postcode district. The below map shows the position of THE OLD FORGE in SWIMBRIDGE.