THE OLD SMITHY, CHURCH LANE, TORRINGTON, EX38 8DU - £212,000

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 SMITHY is a very large extended detached house of 132m², built sometime before 1900, which could now be worth an estimated £309,540. It was last sold for £212,000 in January 2015, which was around 23% below the average January 2015 detached price in the Torridge local authority area. The most recent EPC inspection was July 2013, where the current energy rating was E, and the potential energy rating was C.

THE OLD SMITHY Sold Prices

Land registry data shows three sales for THE OLD SMITHY 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. One of the three THE OLD SMITHY sales was for below the average price, whilst two were 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
2015 6 JAN	£212,000	£276,159	23% below HPI
2002 5 JUN	£164,950	£152,423	8% above HPI
2001 7 DEC	£139,950	£136,076	3% above HPI

THE OLD SMITHY 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 SMITHY sales between December 2001 and January 2015 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 June 2002 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the January 2015 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might THE OLD SMITHY be worth now?

THE OLD SMITHY might now be worth an estimated £309,540.

This is based on house price inflation of 46%, between January 2015 and February 2025, for detached houses, in the Torridge local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 46% inflationary increase is applied to the most recent sale price for THE OLD SMITHY of £212,000 on 6th January 2015. For the value to have increased from £212,000 to £309,540 over the nine years and eleven months to February 2025, the following assumptions must hold true:

• The value of THE OLD SMITHY has moved in line with the HPI for detached houses in the Torridge local authority area.
• The January 2015 sale price of £212,000 represented a fair market value for the property.
• The size, condition, and specification of THE OLD SMITHY has not materially changed since January 2015.

How Large is THE OLD SMITHY?

THE OLD SMITHY is 132m², which includes four extensions, according to the EPC inspection conducted in July 2013. This puts it in the largest 20% of detached houses houses in Great Torrington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Great Torrington, and where THE OLD SMITHY lies on this distribution: 81% of detached houses houses are smaller than THE OLD SMITHY, and 19% of houses are larger. Note that EPC data is not available for all properties in Great Torrington.

THE OLD SMITHY: Plot and Title Map

THE OLD SMITHY sits on a plot of roughly 0.075 of an acre, or 303m². The below map shows the location of THE OLD SMITHY, 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 SMITHY). 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 SMITHY?

THE OLD SMITHY is located on CHURCH LANE in TORRINGTON, in the EX38 postcode district. The below map shows the position of THE OLD SMITHY on CHURCH LANE.