4, OLD RECTORY CLOSE, INSTOW, BIDEFORD, EX39 4LY - £284,000

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.

4 OLD RECTORY CLOSE is a very small detached house of 65m², built sometime between 1967 and 1975, which could now be worth an estimated £333,160. It was last sold for £284,000 in November 2018, which was around 21% below the average November 2018 detached price in the North Devon local authority area. The most recent EPC inspection was May 2018, where the current energy rating was D, and the potential energy rating was B.

4 OLD RECTORY CLOSE Sold Prices

Land registry data shows two sales for 4 OLD RECTORY CLOSE 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 Devon local authority area for the corresponding sale date. Both of the two 4 OLD RECTORY CLOSE 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
2018 9 NOV	£284,000	£358,570	21% below HPI
2008 25 NOV	£220,000	£257,428	15% below HPI

4 OLD RECTORY CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Devon local authority area over time, sourced from the HPI. The two 4 OLD RECTORY CLOSE sales from November 2008 and November 2018 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 November 2008 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the November 2018 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 4 OLD RECTORY CLOSE be worth now?

4 OLD RECTORY CLOSE might now be worth an estimated £333,160.

This is based on house price inflation of 17.3%, between November 2018 and April 2026, for 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 17.3% inflationary increase is applied to the most recent sale price for 4 OLD RECTORY CLOSE of £284,000 on 9th November 2018. For the value to have increased from £284,000 to £333,160 over the eight years and seven months to April 2026, the following assumptions must hold true:

• The value of 4 OLD RECTORY CLOSE has moved in line with the HPI for detached houses in the North Devon local authority area.
• The November 2018 sale price of £284,000 represented a fair market value for the property.
• The size, condition, and specification of 4 OLD RECTORY CLOSE has not materially changed since November 2018.

How Large is 4 OLD RECTORY CLOSE?

4 OLD RECTORY CLOSE is 65m² according to the EPC inspection conducted in May 2018. This puts it in the smallest 10% of detached houses houses in Instow, based on EPC data. The below chart shows the distribution of detached houses houses by size in Instow, and where 4 OLD RECTORY CLOSE lies on this distribution: 7% of detached houses houses are smaller than 4 OLD RECTORY CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Instow.

4 OLD RECTORY CLOSE: Plot and Title Map

4 OLD RECTORY CLOSE sits on a plot of roughly 0.138 of an acre, or 558m². The below map shows the location of 4 OLD RECTORY CLOSE, 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 4 OLD RECTORY CLOSE). 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 4 OLD RECTORY CLOSE?

4 OLD RECTORY CLOSE is located in INSTOW, in the EX39 postcode district. The below map shows the position of No. 4 on OLD RECTORY CLOSE.