FORELANDS, EXETER GATE, SOUTH MOLTON, EX36 4AN - £302,500

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.

FORELANDS is a midsized detached house of 111m², built sometime between 2003 and 2006, which could now be worth an estimated £401,859. It was last sold for £302,500 in July 2018, which was around 5% below the average July 2018 detached price in the North Devon local authority area. The most recent EPC inspection was April 2018, where the current energy rating was B, and the potential energy rating was A.

FORELANDS Sold Prices

Land registry data shows two sales for FORELANDS 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 FORELANDS 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 23 JUL	£302,500	£319,563	5% below HPI
2005 9 SEP	£239,950	£266,879	10% below HPI

FORELANDS 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 FORELANDS sales from September 2005 and July 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 September 2005 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the July 2018 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might FORELANDS be worth now?

FORELANDS might now be worth an estimated £401,859.

This is based on house price inflation of 32.8%, between July 2018 and March 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 32.8% inflationary increase is applied to the most recent sale price for FORELANDS of £302,500 on 23rd July 2018. For the value to have increased from £302,500 to £401,859 over the eight years and four months to March 2026, the following assumptions must hold true:

• The value of FORELANDS has moved in line with the HPI for detached houses in the North Devon local authority area.
• The July 2018 sale price of £302,500 represented a fair market value for the property.
• The size, condition, and specification of FORELANDS has not materially changed since July 2018.

How Large is FORELANDS?

FORELANDS is 111m² according to the EPC inspection conducted in April 2018. This puts it in the largest 50% of detached houses houses in South Molton, based on EPC data. The below chart shows the distribution of detached houses houses by size in South Molton, and where FORELANDS lies on this distribution: 55% of detached houses houses are smaller than FORELANDS, and 44% of houses are larger. Note that EPC data is not available for all properties in South Molton.

FORELANDS: Plot and Title Map

FORELANDS sits on a plot of roughly 0.081 of an acre, or 326m². The below map shows the location of FORELANDS, 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 FORELANDS). 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 FORELANDS?

FORELANDS is located on EXETER GATE in SOUTH MOLTON, in the EX36 postcode district. The below map shows the position of FORELANDS on EXETER GATE.