12, THE MEADOWS, NORTHLEW, OKEHAMPTON, EX20 3PY - £175,000

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

12 THE MEADOWS is a small detached house of 75m², built sometime from 2007 onwards, which could now be worth an estimated £280,983. It was last sold for £175,000 in August 2012, which was around 39% below the average August 2012 detached price in the West Devon local authority area. The most recent EPC inspection was June 2012, where the current energy rating was C, and the potential energy rating was A.

12 THE MEADOWS Sold Prices

Land registry data shows two sales for 12 THE MEADOWS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Devon local authority area for the corresponding sale date. Both of the two 12 THE MEADOWS 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 22 AUG	£175,000	£285,631	39% below HPI
2007 6 JUL	£225,000	£322,554	30% below HPI

12 THE MEADOWS 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 two 12 THE MEADOWS sales from July 2007 and August 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 July 2007 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the August 2012 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

What might 12 THE MEADOWS be worth now?

12 THE MEADOWS might now be worth an estimated £280,983.

This is based on house price inflation of 60.6%, between August 2012 and February 2025, 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 60.6% inflationary increase is applied to the most recent sale price for 12 THE MEADOWS of £175,000 on 22nd August 2012. For the value to have increased from £175,000 to £280,983 over the thirteen years and six months to February 2025, the following assumptions must hold true:

• The value of 12 THE MEADOWS has moved in line with the HPI for detached houses in the West Devon local authority area.
• The August 2012 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of 12 THE MEADOWS has not materially changed since August 2012.

How Large is 12 THE MEADOWS?

12 THE MEADOWS is 75m² according to the EPC inspection conducted in June 2012. This puts it in the smallest 30% of detached houses houses in Northlew, based on EPC data. The below chart shows the distribution of detached houses houses by size in Northlew, and where 12 THE MEADOWS lies on this distribution: 22% of detached houses houses are smaller than 12 THE MEADOWS, and 78% of houses are larger. Note that EPC data is not available for all properties in Northlew.

12 THE MEADOWS: Plot and Title Map

12 THE MEADOWS sits on a plot of roughly 0.069 of an acre, or 279m². The below map shows the location of 12 THE MEADOWS, 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 12 THE MEADOWS). 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 12 THE MEADOWS?

12 THE MEADOWS is located in NORTHLEW, in the EX20 postcode district. The below map shows the position of No. 12 on THE MEADOWS.