14, PARK WAY, ILFRACOMBE, EX34 8ER - £225,000

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.

14 PARK WAY is a very small detached house of 70m², built sometime between 1950 and 1966, which could now be worth an estimated £289,837. It was last sold for £225,000 in December 2018, which was around 35% below the average December 2018 detached price in the North Devon local authority area. The most recent EPC inspection was September 2018, where the current energy rating was D, and the potential energy rating was B.

14 PARK WAY Sold Prices

Land registry data shows four sales for 14 PARK WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the North Devon local authority area for the corresponding sale date. All of the four 14 PARK 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
2018 20 DEC	£225,000	£345,561	35% below HPI
2000 12 DEC	£97,000	£129,743	25% below HPI
1996 17 DEC	£59,000	£80,451	27% below HPI
1996 22 AUG	£59,000	£77,922	24% below HPI

14 PARK WAY 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 four 14 PARK WAY sales between August 1996 and December 2018 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 2000 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the December 2018 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 14 PARK WAY be worth now?

14 PARK WAY might now be worth an estimated £289,837.

This is based on house price inflation of 28.8%, between December 2018 and February 2025, for detached houses, in the North Devon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 28.8% inflationary increase is applied to the most recent sale price for 14 PARK WAY of £225,000 on 20th December 2018. For the value to have increased from £225,000 to £289,837 over the seven years and ten months to February 2025, the following assumptions must hold true:

• The value of 14 PARK WAY has moved in line with the HPI for detached houses in the North Devon local authority area.
• The December 2018 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 14 PARK WAY has not materially changed since December 2018.

How Large is 14 PARK WAY?

14 PARK WAY is 70m² according to the EPC inspection conducted in September 2018. This puts it in the smallest 20% of detached houses houses in Ilfracombe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ilfracombe, and where 14 PARK WAY lies on this distribution: 14% of detached houses houses are smaller than 14 PARK WAY, and 84% of houses are larger. Note that EPC data is not available for all properties in Ilfracombe.

14 PARK WAY: Plot and Title Map

14 PARK WAY sits on a plot of roughly 0.163 of an acre, or 660m². The below map shows the location of 14 PARK 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 14 PARK 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 14 PARK WAY?

14 PARK WAY is located in ILFRACOMBE, in the EX34 postcode district. The below map shows the position of No. 14 on PARK WAY.