OLD INN HOUSE, THE SQUARE, ERMINGTON, IVYBRIDGE, PL21 9LP - £476,000

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.

OLD INN HOUSE is a very large extended terraced house of 202m², built sometime before 1900, which could now be worth an estimated £577,647. It was last sold for £476,000 in June 2020, which was around 101% above the average June 2020 terraced price in the South Hams local authority area. The most recent EPC inspection was August 2019, where the current energy rating was D, and the potential energy rating was B.

OLD INN HOUSE Sold Prices

Land registry data shows two sales for OLD INN HOUSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the South Hams local authority area for the corresponding sale date. Both of the two OLD INN HOUSE 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 12 JUN	£476,000	£236,369	101% above HPI
1996 23 AUG	£94,000	£50,520	86% above HPI

OLD INN HOUSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the South Hams local authority area over time, sourced from the HPI. The two OLD INN HOUSE sales from August 1996 and June 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 August 1996 sale was for 86% above the HPI. So the extrapolation line tracks at 86% above the HPI over time, until the June 2020 sale, where it rises to 101% above the HPI. The line then continues to track at 101% above the HPI.

What might OLD INN HOUSE be worth now?

OLD INN HOUSE might now be worth an estimated £577,647.

This is based on house price inflation of 21.4%, between June 2020 and June 2025, for terraced 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 21.4% inflationary increase is applied to the most recent sale price for OLD INN HOUSE of £476,000 on 12th June 2020. For the value to have increased from £476,000 to £577,647 over the five years to June 2025, the following assumptions must hold true:

• The value of OLD INN HOUSE has moved in line with the HPI for terraced houses in the South Hams local authority area.
• The June 2020 sale price of £476,000 represented a fair market value for the property.
• The size, condition, and specification of OLD INN HOUSE has not materially changed since June 2020.

How Large is OLD INN HOUSE?

OLD INN HOUSE is 202m², which includes one extension, according to the EPC inspection conducted in August 2019. This puts it in the largest 10% of terraced houses houses in Ermington, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Ermington, and where OLD INN HOUSE lies on this distribution: 97% of terraced houses houses are smaller than OLD INN HOUSE, and 3% of houses are larger. Note that EPC data is not available for all properties in Ermington.

OLD INN HOUSE: Plot and Title Map

OLD INN HOUSE sits on a plot of roughly 0.109 of an acre, or 443m². The below map shows the location of OLD INN HOUSE, 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 OLD INN HOUSE). 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 OLD INN HOUSE?

OLD INN HOUSE is located on THE SQUARE in ERMINGTON, in the PL21 postcode district. The below map shows the position of OLD INN HOUSE on THE SQUARE.