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

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 163m², built sometime before 1900, which could now be worth an estimated £243,666. It was last sold for £220,000 in June 2021, which was around 42% 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. 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
2021 25 JUN	£220,000	£380,753	42% below HPI
2014 17 SEP	£293,000	£303,727	4% below 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 was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the June 2021 sale, where it falls to 42% below the HPI. The line then continues to track at 42% below the HPI.

What might THE OLD FORGE be worth now?

THE OLD FORGE might now be worth an estimated £243,666.

This is based on house price inflation of 10.8%, between June 2021 and February 2025, for detached houses, in the Mid Devon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 10.8% inflationary increase is applied to the most recent sale price for THE OLD FORGE of £220,000 on 25th June 2021. For the value to have increased from £220,000 to £243,666 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 Mid Devon local authority area.
• The June 2021 sale price of £220,000 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 163m², which includes four extensions, according to the EPC inspection conducted in February 2013. This puts it in the largest 20% of detached houses houses in Culmstock, based on EPC data. The below chart shows the distribution of detached houses houses by size in Culmstock, and where THE OLD FORGE lies on this distribution: 80% of detached houses 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.