FORGE COTTAGE, LLANMAES, LLANTWIT MAJOR, CF61 2XR - £330,000

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.

FORGE COTTAGE is a very small extended detached house of 95m², built sometime before 1900, which could now be worth an estimated £404,157. It was last sold for £330,000 in September 2020, which was around 21% below the average September 2020 detached price in the Vale of Glamorgan local authority area. The most recent EPC inspection was February 2019, where the current energy rating was E, and the potential energy rating was B.

FORGE COTTAGE Sold Prices

Land registry data shows two sales for FORGE COTTAGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Vale of Glamorgan local authority area for the corresponding sale date. Both of the two FORGE COTTAGE 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
2020 28 SEP	£330,000	£415,405	21% below HPI
2001 9 OCT	£105,000	£156,532	33% below HPI

FORGE COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Vale of Glamorgan local authority area over time, sourced from the HPI. The two FORGE COTTAGE sales from October 2001 and September 2020 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 October 2001 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the September 2020 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might FORGE COTTAGE be worth now?

FORGE COTTAGE might now be worth an estimated £404,157.

This is based on house price inflation of 22.5%, between September 2020 and June 2025, for detached houses, in the Vale of Glamorgan local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 22.5% inflationary increase is applied to the most recent sale price for FORGE COTTAGE of £330,000 on 28th September 2020. For the value to have increased from £330,000 to £404,157 over the five years and three months to June 2025, the following assumptions must hold true:

• The value of FORGE COTTAGE has moved in line with the HPI for detached houses in the Vale of Glamorgan local authority area.
• The September 2020 sale price of £330,000 represented a fair market value for the property.
• The size, condition, and specification of FORGE COTTAGE has not materially changed since September 2020.

How Large is FORGE COTTAGE?

FORGE COTTAGE is 95m², which includes one extension, according to the EPC inspection conducted in February 2019. This puts it in the smallest 20% of detached houses houses in Llanmaes, based on EPC data. The below chart shows the distribution of detached houses houses by size in Llanmaes, and where FORGE COTTAGE lies on this distribution: 13% of detached houses houses are smaller than FORGE COTTAGE, and 87% of houses are larger. Note that EPC data is not available for all properties in Llanmaes.

FORGE COTTAGE: Plot and Title Map

FORGE COTTAGE sits on a plot of roughly 0.101 of an acre, or 408m². The below map shows the location of FORGE COTTAGE, 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 FORGE COTTAGE). 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 FORGE COTTAGE?

FORGE COTTAGE is located in LLANMAES, in the CF61 postcode district. The below map shows the position of FORGE COTTAGE in LLANMAES.