16, MOLE RIDGE WAY, SOUTH MOLTON, EX36 3BE - £185,000

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.

16 MOLE RIDGE WAY is a small semi-detached house of 84m², built sometime between 1996 and 2002, which could now be worth an estimated £262,592. It was last sold for £185,000 in May 2017, which was around 12% below the average May 2017 semi-detached price in the North Devon local authority area. The most recent EPC inspection was March 2013, where the current energy rating was C, and the potential energy rating was B.

16 MOLE RIDGE WAY Sold Prices

Land registry data shows four sales for 16 MOLE RIDGE WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the North Devon local authority area for the corresponding sale date. two of the four 16 MOLE RIDGE WAY sales were for below the average price, and four 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
2017 26 MAY	£185,000	£210,811	12% below HPI
2011 7 MAR	£155,000	£178,129	13% below HPI
2002 19 APR	£109,500	£100,669	9% above HPI
2001 23 MAR	£89,950	£81,633	10% above HPI

16 MOLE RIDGE WAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the North Devon local authority area over time, sourced from the HPI. The four 16 MOLE RIDGE WAY sales between March 2001 and May 2017 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 March 2011 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the May 2017 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 16 MOLE RIDGE WAY be worth now?

16 MOLE RIDGE WAY might now be worth an estimated £262,592.

This is based on house price inflation of 41.9%, between May 2017 and February 2025, for semi-detached houses, in the North Devon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 41.9% inflationary increase is applied to the most recent sale price for 16 MOLE RIDGE WAY of £185,000 on 26th May 2017. For the value to have increased from £185,000 to £262,592 over the eight years and three months to February 2025, the following assumptions must hold true:

• The value of 16 MOLE RIDGE WAY has moved in line with the HPI for semi-detached houses in the North Devon local authority area.
• The May 2017 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of 16 MOLE RIDGE WAY has not materially changed since May 2017.

How Large is 16 MOLE RIDGE WAY?

16 MOLE RIDGE WAY is 84m² according to the EPC inspection conducted in March 2013. This puts it in the smallest 30% of semi-detached houses houses in South Molton, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in South Molton, and where 16 MOLE RIDGE WAY lies on this distribution: 22% of semi-detached houses houses are smaller than 16 MOLE RIDGE WAY, and 75% of houses are larger. Note that EPC data is not available for all properties in South Molton.

16 MOLE RIDGE WAY: Plot and Title Map

16 MOLE RIDGE WAY sits on a plot of roughly 0.048 of an acre, or 196m². The below map shows the location of 16 MOLE RIDGE WAY, 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 16 MOLE RIDGE WAY). 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 16 MOLE RIDGE WAY?

16 MOLE RIDGE WAY is located in SOUTH MOLTON, in the EX36 postcode district. The below map shows the position of No. 16 on MOLE RIDGE WAY.