15, PARK WOOD RISE, LIFTON, PL16 0LA - £285,000

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.

15 PARK WOOD RISE is a large extended detached house of 134m², built sometime between 2003 and 2006, which could now be worth an estimated £339,240. It was last sold for £285,000 in February 2021, which was around 26% below the average February 2021 detached price in the West Devon local authority area. The most recent EPC inspection was September 2020, where the current energy rating was D, and the potential energy rating was C.

15 PARK WOOD RISE Sold Prices

Land registry data shows three sales for 15 PARK WOOD RISE 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 15 PARK WOOD RISE 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
2021 16 FEB	£285,000	£385,288	26% below HPI
2016 25 APR	£285,000	£318,161	10% below HPI
2005 28 FEB	£240,950	£277,256	13% below HPI

15 PARK WOOD RISE 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 15 PARK WOOD RISE sales between February 2005 and February 2021 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 April 2016 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the February 2021 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 15 PARK WOOD RISE be worth now?

15 PARK WOOD RISE might now be worth an estimated £339,240.

This is based on house price inflation of 19%, between February 2021 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 19% inflationary increase is applied to the most recent sale price for 15 PARK WOOD RISE of £285,000 on 16th February 2021. For the value to have increased from £285,000 to £339,240 over the four years to February 2025, the following assumptions must hold true:

• The value of 15 PARK WOOD RISE has moved in line with the HPI for detached houses in the West Devon local authority area.
• The February 2021 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of 15 PARK WOOD RISE has not materially changed since February 2021.

How Large is 15 PARK WOOD RISE?

15 PARK WOOD RISE is 134m², which includes one extension, according to the EPC inspection conducted in September 2020. This puts it in the largest 40% of detached houses houses in Lifton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lifton, and where 15 PARK WOOD RISE lies on this distribution: 60% of detached houses houses are smaller than 15 PARK WOOD RISE, and 40% of houses are larger. Note that EPC data is not available for all properties in Lifton.

15 PARK WOOD RISE: Plot and Title Map

15 PARK WOOD RISE sits on a plot of roughly 0.158 of an acre, or 638m². The below map shows the location of 15 PARK WOOD RISE, 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 15 PARK WOOD RISE). 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 15 PARK WOOD RISE?

15 PARK WOOD RISE is located in LIFTON, in the PL16 postcode district. The below map shows the position of No. 15 on PARK WOOD RISE.