THE OLD SMITHY, FORGE ROAD, LLANGYNIDR, CRICKHOWELL, NP8 1LU - £590,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

THE OLD SMITHY is a very large extended detached house of 189m², built sometime between 1900 and 1929, which could now be worth an estimated £550,789. It was last sold for £590,000 in December 2022, which was around 75% above the average December 2022 detached price in the Powys local authority area. The most recent EPC inspection was July 2022, where the current energy rating was E, and the potential energy rating was C.

THE OLD SMITHY Sold Prices

Land registry data shows five sales for THE OLD SMITHY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Powys local authority area for the corresponding sale date. All of the five THE OLD SMITHY sales 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
2022 6 DEC	£590,000	£336,654	75% above HPI
2015 9 JAN	£371,500	£213,738	74% above HPI
2006 5 DEC	£403,000	£210,694	91% above HPI
2000 12 OCT	£180,000	£93,254	93% above HPI
2000 29 SEP	£185,000	£93,559	98% above HPI

THE OLD SMITHY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Powys local authority area over time, sourced from the HPI. The five THE OLD SMITHY sales between September 2000 and December 2022 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 January 2015 sale was for 74% above the HPI. So the extrapolation line tracks at 74% above the HPI over time, until the December 2022 sale, where it rises to 75% above the HPI. The line then continues to track at 75% above the HPI.

What might THE OLD SMITHY be worth now?

THE OLD SMITHY might now be worth an estimated £550,789.

This is based on house price deflation of 6.6%, between December 2022 and December 2024, for detached houses, in the Powys local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 6.6% deflationary decrease is applied to the most recent sale price for THE OLD SMITHY of £590,000 on 6th December 2022. For the value to have decreased from £590,000 to £550,789 over the two years to December 2024, the following assumptions must hold true:

• The value of THE OLD SMITHY has moved in line with the HPI for detached houses in the Powys local authority area.
• The December 2022 sale price of £590,000 represented a fair market value for the property.
• The size, condition, and specification of THE OLD SMITHY has not materially changed since December 2022.

How Large is THE OLD SMITHY?

THE OLD SMITHY is 189m², which includes two extensions, according to the EPC inspection conducted in July 2022. This puts it in the largest 20% of detached houses houses in Llangynidr, based on EPC data. The below chart shows the distribution of detached houses houses by size in Llangynidr, and where THE OLD SMITHY lies on this distribution: 88% of detached houses houses are smaller than THE OLD SMITHY, and 11% of houses are larger. Note that EPC data is not available for all properties in Llangynidr.

THE OLD SMITHY: Plot and Title Map

THE OLD SMITHY sits on a plot of roughly 0.132 of an acre, or 536m². 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 FORGE ROAD in LLANGYNIDR, in the NP8 postcode district. The below map shows the position of THE OLD SMITHY on FORGE ROAD.