Forge Cottage, South Molton
Forge Cottage, South Molton
Description & Estimates
Forge Cottage, South Molton is recorded publicly as a period freehold house across 1,399 ft2 of internal area, sitting on a 845 m2 plot.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of Forge Cottage, South Molton is £492,952 and its rental estimate is £1,217 per month, given the available information and assuming reasonable condition.
Exeter Road, South Molton, EX36 falls within the EX36 postal district, in the borough of North Devon.
Our Data Sources
Forge Cottage, South Molton has 41 entries in the Land Registry , most recently in April 2024 and a single entry in the EPC database dated March 2019.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For Forge Cottage, South Molton, we estimate a market value of £517,600 and a rental value of £1,278 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £458,445 and £1,132 per month respectively.
Recent Market Change
Over the last year, Forge Cottage, South Molton has seen its estimated sale value decrease by £10,811 (2.2%) and its estimated rental value grow by £29 per month (2.4%). This results in an estimated gross rental yield of 3.0%.
Plot Size
HM Land Registry records the plot of land for Forge Cottage, South Molton as measuring 845 m2.
That makes it the 9th largest plot in the postcode, where 10 of the 12 other houses have recorded plot data.
Energy Efficiency
Forge Cottage, South Molton has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 28 Mar 2019.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, oil.
Sold Prices
The most recent sale of Forge Cottage, South Molton completed on 9th April 2024 at £550,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold 4 times.
Values of comparable properties have dropped by 2.5% over the period since April 2024.
- Sold Apr 2024£550,000
- Sold Nov 2022£495,000
- Sold Jul 2020£385,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Forge Cottage, South Molton have sold within a radius of 4.1 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 25th April 2024, was Pembina, Umberleigh, EX37 9QT, a freehold house which sold for £2,725,000.
Read more about house prices in EX36.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 13 addresses on Exeter Road, South Molton, EX36, Forge Cottage, South Molton comes out as the 9th largest and the 7th most expensive in our analysis of the public data.
It is also £194k more expensive than the average property across the EX36 district.
More reading links
Schools Nearby
- 3.0kmSouth Molton United CofE Primary School
- 3.4kmSouth Molton Community Primary School
- 3.6kmFilleigh Community Primary School
- 3.5kmSouth Molton Community College
- 10.0kmChulmleigh Community College
- 13.7kmThe Park Community School
More reading links
Public Transport Nearby
From Forge Cottage, South Molton, the nearest station is Umberleigh, 7.1 kilometres away.
- 7.1kmUmberleigh
- 7.2kmPortsmouth Arms
- 8.0kmKings Nympton
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
