NORTH BANK, HAYES LANE, EAST BUDLEIGH, BUDLEIGH SALTERTON, EX9 7DA - £430,000

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.

NORTH BANK is a midsized terraced house of 113m², built sometime between 1996 and 2002, which could now be worth an estimated £518,585. It was last sold for £430,000 in July 2020, which was around 98% above the average July 2020 terraced price in the East Devon local authority area. The most recent EPC inspection was March 2020, where the current energy rating was C, and the potential energy rating was B.

NORTH BANK Sold Prices

Land registry data shows three sales for NORTH BANK since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the East Devon local authority area for the corresponding sale date. All of the three NORTH BANK sales were 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
2020 2 JUL	£430,000	£217,298	98% above HPI
2011 7 OCT	£317,250	£176,066	80% above HPI
1997 24 OCT	£112,000	£51,766	116% above HPI

NORTH BANK Price Paid vs. HPI Average

The below graph shows the average terraced house price in the East Devon local authority area over time, sourced from the HPI. The three NORTH BANK sales between October 1997 and July 2020 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 October 2011 sale was for 80% above the HPI. So the extrapolation line tracks at 80% above the HPI over time, until the July 2020 sale, where it rises to 98% above the HPI. The line then continues to track at 98% above the HPI.

What might NORTH BANK be worth now?

NORTH BANK might now be worth an estimated £518,585.

This is based on house price inflation of 20.6%, between July 2020 and July 2025, for terraced houses, in the East Devon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 20.6% inflationary increase is applied to the most recent sale price for NORTH BANK of £430,000 on 2nd July 2020. For the value to have increased from £430,000 to £518,585 over the five years to July 2025, the following assumptions must hold true:

• The value of NORTH BANK has moved in line with the HPI for terraced houses in the East Devon local authority area.
• The July 2020 sale price of £430,000 represented a fair market value for the property.
• The size, condition, and specification of NORTH BANK has not materially changed since July 2020.

How Large is NORTH BANK?

NORTH BANK is 113m² according to the EPC inspection conducted in March 2020. This puts it in the largest 50% of terraced houses houses in East Budleigh, based on EPC data. The below chart shows the distribution of terraced houses houses by size in East Budleigh, and where NORTH BANK lies on this distribution: 51% of terraced houses houses are smaller than NORTH BANK, and 47% of houses are larger. Note that EPC data is not available for all properties in East Budleigh.

NORTH BANK: Plot and Title Map

NORTH BANK sits on a plot of roughly 0.038 of an acre, or 153m². The below map shows the location of NORTH BANK, 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 NORTH BANK). 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 NORTH BANK?

NORTH BANK is located on HAYES LANE in EAST BUDLEIGH, in the EX9 postcode district. The below map shows the position of NORTH BANK on HAYES LANE.