FERNLEA, DEVON ROAD, SALCOMBE, TQ8 8HE - £490,000

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.

FERNLEA is a flat, which could now be worth an estimated £500,865. It was last sold for £490,000 in November 2007, which was around 162% above the average November 2007 flat price in the South Hams local authority area.

FERNLEA Sold Prices

Land registry data shows four sales for FERNLEA since 1^st January 1995. The below table shows the price paid for the four sales, along with the average flat price in the South Hams local authority area for the corresponding sale date. All of the four FERNLEA 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
2007 1 NOV	£490,000	£186,754	162% above HPI
2003 19 DEC	£300,000	£127,016	136% above HPI
2001 16 NOV	£190,000	£85,502	122% above HPI
1998 7 DEC	£125,000	£50,655	147% above HPI

What might FERNLEA be worth now?

FERNLEA might now be worth an estimated £500,865.

This is based on house price inflation of 2.2%, between November 2007 and May 2026, for flats, 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 2.2% inflationary increase is applied to the most recent sale price for FERNLEA of £490,000 on 1st November 2007. For the value to have increased from £490,000 to £500,865 over the nineteen years and six months to May 2026, the following assumptions must hold true:

• The value of FERNLEA has moved in line with the HPI for flats in the South Hams local authority area.
• The November 2007 sale price of £490,000 represented a fair market value for the property.
• The size, condition, and specification of FERNLEA has not materially changed since November 2007.

Where is FERNLEA?

FERNLEA is located on DEVON ROAD in SALCOMBE, in the TQ8 postcode district.