THE OLD FORGE, TOWN HILL, CULMSTOCK, CULLOMPTON, EX15 3JQ - £220,000

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 large extended detached house of 163m², built sometime before 1900. It was last sold for £220,000 in June 2021, which was around 40% below the average June 2021 detached price in the Mid Devon local authority area. The most recent EPC inspection was February 2013, where the current energy rating was E, 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 Mid 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 roughly equal to 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 25 JUN	£220,000	£367,810	40% below HPI
2014 17 SEP	£293,000	£293,402	Close to HPI

THE OLD FORGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Mid Devon local authority area over time, sourced from the HPI. The two THE OLD FORGE sales from September 2014 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 September 2014 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the June 2021 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is THE OLD FORGE?

THE OLD FORGE is 163m², which includes four extensions, according to the EPC inspection conducted in February 2013. This puts it in the largest 20% of detached houses in Culmstock, based on EPC data. The below chart shows the distribution of detached houses by size in Culmstock, and where THE OLD FORGE lies on this distribution: 80% of detached houses are smaller than THE OLD FORGE, and 20% of houses are larger. Note that EPC data is not available for all properties in Culmstock.

THE OLD FORGE: Plot and Title Map

THE OLD FORGE sits on a plot of roughly 0.072 of an acre, or 292m². 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, TOWN HILL is located in CULMSTOCK, in the EX15 postcode district. The below map shows the position of THE OLD FORGE, TOWN HILL in CULMSTOCK.