THE OLD SCHOOL HOUSE, NILGALA CLOSE, BIDEFORD, EX39 3NS - £275,000

THE OLD SCHOOL HOUSE is a very small detached house of 71m², built sometime between 2003 and 2006. It was last sold for £275,000 in January 2019, which was around 17% below the average January 2019 detached price in the Torridge local authority area. The most recent EPC inspection was June 2011, where the current energy rating was C, and the potential energy rating was C.

THE OLD SCHOOL HOUSE Sold Prices

Land registry data shows two sales for THE OLD SCHOOL HOUSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Torridge local authority area for the corresponding sale date. Both of the two THE OLD SCHOOL HOUSE 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
2019 3 JAN	£275,000	£331,649	17% below HPI
2015 23 SEP	£229,950	£299,672	23% below HPI

THE OLD SCHOOL HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Torridge local authority area over time, sourced from the HPI. The two THE OLD SCHOOL HOUSE sales from September 2015 and January 2019 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 2015 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the January 2019 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is THE OLD SCHOOL HOUSE?

THE OLD SCHOOL HOUSE is 71m² according to the EPC inspection conducted in June 2011. This puts it in the smallest 20% of detached houses in Bideford, based on EPC data. The below chart shows the distribution of detached houses by size in Bideford, and where THE OLD SCHOOL HOUSE lies on this distribution: 12% of detached houses are smaller than THE OLD SCHOOL HOUSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Bideford.

THE OLD SCHOOL HOUSE: Plot and Title Map

THE OLD SCHOOL HOUSE sits on a plot of roughly 0.091 of an acre, or 368m². The below map shows the location of THE OLD SCHOOL 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 THE OLD SCHOOL 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 THE OLD SCHOOL HOUSE?

THE OLD SCHOOL HOUSE is located on NILGALA CLOSE in BIDEFORD, in the EX39 postcode district. The below map shows the position of THE OLD SCHOOL HOUSE on NILGALA CLOSE.