1, THE GAVEL, SOUTH MOLTON, EX36 4BP - £135,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

1 THE GAVEL is a very small semi-detached house of 62m², built sometime between 1996 and 2002. It was last sold for £135,000 in July 2010, which was around 50% below the average July 2010 detached price in the North Devon local authority area. The most recent EPC inspection was October 2019, where the current energy rating was C, and the potential energy rating was B.

1 THE GAVEL Sold Prices

Land registry data shows two sales for 1 THE GAVEL since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Devon local authority area for the corresponding sale date. Both of the two 1 THE GAVEL 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
2010 9 JUL	£135,000	£271,087	50% below HPI
2001 19 DEC	£78,995	£148,781	47% below HPI

1 THE GAVEL Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Devon local authority area over time, sourced from the HPI. The two 1 THE GAVEL sales from December 2001 and July 2010 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 December 2001 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the July 2010 sale, where it falls to 50% below the HPI. The line then continues to track at 50% below the HPI.

How Large is 1 THE GAVEL?

1 THE GAVEL is 62m² according to the EPC inspection conducted in October 2019. This puts it in the smallest 10% of detached houses in South Molton, based on EPC data. The below chart shows the distribution of detached houses by size in South Molton, and where 1 THE GAVEL lies on this distribution: 3% of detached houses are smaller than 1 THE GAVEL, and 97% of houses are larger. Note that EPC data is not available for all properties in South Molton.

1 THE GAVEL: Plot and Title Map

1 THE GAVEL sits on a plot of roughly 0.033 of an acre, or 133m². The below map shows the location of 1 THE GAVEL, 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 THE GAVEL). 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 THE GAVEL?

1 THE GAVEL is located in SOUTH MOLTON, in the EX36 postcode district. The below map shows the position of No. 1 on THE GAVEL.