1, LABURNUM WAY, OKEHAMPTON, EX20 1WQ - £227,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 LABURNUM WAY is a small detached house of 93m², built sometime between 2003 and 2006, which could now be worth an estimated £361,541. It was last sold for £227,500 in July 2012, which was around 21% below the average July 2012 detached price in the West Devon local authority area. The most recent EPC inspection was May 2010, where the current energy rating was C, and the potential energy rating was C.

1 LABURNUM WAY Sold Prices

Land registry data shows three sales for 1 LABURNUM WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Devon local authority area for the corresponding sale date. All of the three 1 LABURNUM WAY 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
2012 20 JUL	£227,500	£289,467	21% below HPI
2005 7 SEP	£220,000	£282,265	22% below HPI
2003 21 NOV	£176,995	£232,395	24% below HPI

1 LABURNUM WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Devon local authority area over time, sourced from the HPI. The three 1 LABURNUM WAY sales between November 2003 and July 2012 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 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the July 2012 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 1 LABURNUM WAY be worth now?

1 LABURNUM WAY might now be worth an estimated £361,541.

This is based on house price inflation of 58.9%, between July 2012 and December 2024, for detached houses, in the West Devon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 58.9% inflationary increase is applied to the most recent sale price for 1 LABURNUM WAY of £227,500 on 20th July 2012. For the value to have increased from £227,500 to £361,541 over the eleven years and seven months to December 2024, the following assumptions must hold true:

• The value of 1 LABURNUM WAY has moved in line with the HPI for detached houses in the West Devon local authority area.
• The July 2012 sale price of £227,500 represented a fair market value for the property.
• The size, condition, and specification of 1 LABURNUM WAY has not materially changed since July 2012.

How Large is 1 LABURNUM WAY?

1 LABURNUM WAY is 93m² according to the EPC inspection conducted in May 2010. This puts it in the smallest 40% of detached houses houses in Okehampton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Okehampton, and where 1 LABURNUM WAY lies on this distribution: 32% of detached houses houses are smaller than 1 LABURNUM WAY, and 68% of houses are larger. Note that EPC data is not available for all properties in Okehampton.

1 LABURNUM WAY: Plot and Title Map

1 LABURNUM WAY sits on a plot of roughly 0.075 of an acre, or 303m². The below map shows the location of 1 LABURNUM WAY, 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 1 LABURNUM WAY). 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 1 LABURNUM WAY?

1 LABURNUM WAY is located in OKEHAMPTON, in the EX20 postcode district. The below map shows the position of No. 1 on LABURNUM WAY.