THE FORGE, NORTH COWTON, NORTHALLERTON, DL7 0ER - £185,000

THE FORGE is a very small extended detached house of 93m², built sometime between 1976 and 1982. It was last sold for £185,000 in July 2014, which was around 34% below the average July 2014 detached price in the North Yorkshire local authority area. The most recent EPC inspection was September 2014, where the current energy rating was G, and the potential energy rating was D.

THE FORGE Sold Prices

Land registry data shows two sales for THE 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 North Yorkshire local authority area for the corresponding sale date. Both of the two THE 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
2014 25 JUL	£185,000	£278,508	34% below HPI
2002 16 AUG	£148,500	£166,208	11% below HPI

THE FORGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Yorkshire local authority area over time, sourced from the HPI. The two THE FORGE sales from August 2002 and July 2014 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 August 2002 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the July 2014 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is THE FORGE?

THE FORGE is 93m², which includes two extensions, according to the EPC inspection conducted in September 2014. This puts it in the smallest 10% of detached houses in North Cowton, based on EPC data. The below chart shows the distribution of detached houses by size in North Cowton, and where THE FORGE lies on this distribution: 5% of detached houses are smaller than THE FORGE, and 92% of houses are larger. Note that EPC data is not available for all properties in North Cowton.

THE FORGE: Plot and Title Map

THE FORGE sits on a plot of roughly 0.119 of an acre, or 480m². The below map shows the location of THE 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 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 FORGE?

THE FORGE is located in NORTH COWTON, in the DL7 postcode district. The below map shows the position of THE FORGE in NORTH COWTON.