FIELD FARE, GUNSWELL LANE, SOUTH MOLTON, EX36 4DU - £275,000

FIELD FARE is a very small detached house of 78m², built sometime between 1967 and 1975. It was last sold for £275,000 in May 2016, which was around 10% below the average May 2016 detached price in the North Devon local authority area. The most recent EPC inspection was March 2012, where the current energy rating was E, and the potential energy rating was D.

FIELD FARE Sold Prices

Land registry data shows two sales for FIELD FARE 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. One of the two FIELD FARE sales was for below the average price, whilst the other was 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
2016 10 MAY	£275,000	£305,026	10% below HPI
2001 27 APR	£146,000	£135,201	8% above HPI

FIELD FARE 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 FIELD FARE sales from April 2001 and May 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 April 2001 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the May 2016 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is FIELD FARE?

FIELD FARE is 78m² according to the EPC inspection conducted in March 2012. This puts it in the smallest 20% of detached houses in South Molton, based on EPC data. The below chart shows the distribution of detached houses by size in South Molton, and where FIELD FARE lies on this distribution: 18% of detached houses are smaller than FIELD FARE, and 82% of houses are larger. Note that EPC data is not available for all properties in South Molton.

FIELD FARE: Plot and Title Map

FIELD FARE sits on a plot of roughly 0.098 of an acre, or 396m². The below map shows the location of FIELD FARE, 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 FIELD FARE). 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 FIELD FARE?

FIELD FARE is located on GUNSWELL LANE in SOUTH MOLTON, in the EX36 postcode district. The below map shows the position of FIELD FARE on GUNSWELL LANE.