CLOVA, WESTOVER LANE, IVYBRIDGE, PL21 9HJ - £308,500

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.

CLOVA is a small detached house of 93m², built sometime between 1967 and 1975, which could now be worth an estimated £409,494. It was last sold for £308,500 in December 2016, which was around 29% below the average December 2016 detached price in the South Hams local authority area. The most recent EPC inspection was April 2016, where the current energy rating was D, and the potential energy rating was C.

CLOVA Sold Prices

Land registry data shows two sales for CLOVA since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Hams local authority area for the corresponding sale date. Both of the two CLOVA 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
2016 9 DEC	£308,500	£434,090	29% below HPI
2011 30 JUN	£230,000	£384,863	40% below HPI

CLOVA Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Hams local authority area over time, sourced from the HPI. The two CLOVA sales from June 2011 and December 2016 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 June 2011 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the December 2016 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might CLOVA be worth now?

CLOVA might now be worth an estimated £409,494.

This is based on house price inflation of 32.7%, between December 2016 and March 2025, for detached houses, in the South Hams local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 32.7% inflationary increase is applied to the most recent sale price for CLOVA of £308,500 on 9th December 2016. For the value to have increased from £308,500 to £409,494 over the nine years and nine months to March 2025, the following assumptions must hold true:

• The value of CLOVA has moved in line with the HPI for detached houses in the South Hams local authority area.
• The December 2016 sale price of £308,500 represented a fair market value for the property.
• The size, condition, and specification of CLOVA has not materially changed since December 2016.

How Large is CLOVA?

CLOVA is 93m² according to the EPC inspection conducted in April 2016. This puts it in the smallest 30% of detached houses houses in Ivybridge, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ivybridge, and where CLOVA lies on this distribution: 27% of detached houses houses are smaller than CLOVA, and 72% of houses are larger. Note that EPC data is not available for all properties in Ivybridge.

CLOVA: Plot and Title Map

CLOVA sits on a plot of roughly 0.187 of an acre, or 757m². The below map shows the location of CLOVA, 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 CLOVA). 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 CLOVA?

CLOVA is located on WESTOVER LANE in IVYBRIDGE, in the PL21 postcode district. The below map shows the position of CLOVA on WESTOVER LANE.