THE OLDE FORGE, BLACK TORRINGTON, BEAWORTHY, EX21 5PX - £185,000

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 OLDE FORGE is a very large detached house of 165m², built sometime between 1900 and 1929, which could now be worth an estimated £542,409. It was last sold for £185,000 in February 2002, which was around 35% above the average February 2002 detached price in the Torridge local authority area. The most recent EPC inspection was September 2015, where the current energy rating was D, and the potential energy rating was A.

THE OLDE FORGE Sold Prices

Land registry data shows two sales for THE OLDE 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 Torridge local authority area for the corresponding sale date. Both of the two THE OLDE FORGE 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
2002 11 FEB	£185,000	£137,526	35% above HPI
1999 14 JUN	£136,950	£91,076	50% above HPI

THE OLDE FORGE 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 two THE OLDE FORGE sales from June 1999 and February 2002 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 1999 sale was for 50% above the HPI. So the extrapolation line tracks at 50% above the HPI over time, until the February 2002 sale, where it falls to 35% above the HPI. The line then continues to track at 35% above the HPI.

What might THE OLDE FORGE be worth now?

THE OLDE FORGE might now be worth an estimated £542,409.

This is based on house price inflation of 193.2%, between February 2002 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 193.2% inflationary increase is applied to the most recent sale price for THE OLDE FORGE of £185,000 on 11th February 2002. For the value to have increased from £185,000 to £542,409 over the 23 years to February 2025, the following assumptions must hold true:

• The value of THE OLDE FORGE has moved in line with the HPI for detached houses in the Torridge local authority area.
• The February 2002 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of THE OLDE FORGE has not materially changed since February 2002.

How Large is THE OLDE FORGE?

THE OLDE FORGE is 165m² according to the EPC inspection conducted in September 2015. This puts it in the largest 20% of detached houses houses in Black Torrington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Black Torrington, and where THE OLDE FORGE lies on this distribution: 84% of detached houses houses are smaller than THE OLDE FORGE, and 16% of houses are larger. Note that EPC data is not available for all properties in Black Torrington.

THE OLDE FORGE: Plot and Title Map

THE OLDE FORGE sits on a plot of roughly 0.134 of an acre, or 543m². The below map shows the location of THE OLDE 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 OLDE 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 OLDE FORGE?

THE OLDE FORGE is located in BLACK TORRINGTON, in the EX21 postcode district. The below map shows the position of THE OLDE FORGE in BLACK TORRINGTON.