5, THE MEADOWS, NORTHLEW, OKEHAMPTON, EX20 3PY - £272,500

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.

5 THE MEADOWS is a small detached house of 76m², built sometime between 2003 and 2006, which could now be worth an estimated £340,689. It was last sold for £272,500 in January 2019, which was around 26% below the average January 2019 detached price in the West Devon local authority area. The most recent EPC inspection was May 2013, where the current energy rating was C, and the potential energy rating was B.

5 THE MEADOWS Sold Prices

Land registry data shows three sales for 5 THE MEADOWS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Devon local authority area for the corresponding sale date. All of the three 5 THE MEADOWS 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
2019 14 JAN	£272,500	£366,822	26% below HPI
2013 4 DEC	£219,950	£289,867	24% below HPI
2007 5 JUL	£230,000	£322,554	29% below HPI

5 THE MEADOWS Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Devon local authority area over time, sourced from the HPI. The three 5 THE MEADOWS sales between July 2007 and January 2019 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 December 2013 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the January 2019 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 5 THE MEADOWS be worth now?

5 THE MEADOWS might now be worth an estimated £340,689.

This is based on house price inflation of 25%, between January 2019 and February 2025, for detached houses, in the West Devon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 25% inflationary increase is applied to the most recent sale price for 5 THE MEADOWS of £272,500 on 14th January 2019. For the value to have increased from £272,500 to £340,689 over the five years and eleven months to February 2025, the following assumptions must hold true:

• The value of 5 THE MEADOWS has moved in line with the HPI for detached houses in the West Devon local authority area.
• The January 2019 sale price of £272,500 represented a fair market value for the property.
• The size, condition, and specification of 5 THE MEADOWS has not materially changed since January 2019.

How Large is 5 THE MEADOWS?

5 THE MEADOWS is 76m² according to the EPC inspection conducted in May 2013. This puts it in the smallest 30% of detached houses houses in Northlew, based on EPC data. The below chart shows the distribution of detached houses houses by size in Northlew, and where 5 THE MEADOWS lies on this distribution: 28% of detached houses houses are smaller than 5 THE MEADOWS, and 69% of houses are larger. Note that EPC data is not available for all properties in Northlew.

5 THE MEADOWS: Plot and Title Map

5 THE MEADOWS sits on a plot of roughly 0.067 of an acre, or 270m². The below map shows the location of 5 THE MEADOWS, 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 5 THE MEADOWS). 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 5 THE MEADOWS?

5 THE MEADOWS is located in NORTHLEW, in the EX20 postcode district. The below map shows the position of No. 5 on THE MEADOWS.