15, THE PRIORY, MODBURY, IVYBRIDGE, PL21 0TL - £522,000

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

15 THE PRIORY is a small extended detached house of 114m², built sometime between 1996 and 2002, which could now be worth an estimated £586,102. It was last sold for £522,000 in October 2020, which was around 2% above the average October 2020 detached price in the South Hams local authority area. The most recent EPC inspection was February 2019, where the current energy rating was C, and the potential energy rating was B.

15 THE PRIORY Sold Prices

Land registry data shows three sales for 15 THE PRIORY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Hams local authority area for the corresponding sale date. Two of the three 15 THE PRIORY sales were for above the average price, whilst one was 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
2020 16 OCT	£522,000	£512,703	2% above HPI
2004 23 APR	£320,000	£295,211	8% above HPI
2001 27 JUL	£175,000	£193,214	9% below HPI

15 THE PRIORY Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Hams local authority area over time, sourced from the HPI. The three 15 THE PRIORY sales between July 2001 and October 2020 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 2004 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the October 2020 sale, where it falls to 2% above the HPI. The line then continues to track at 2% above the HPI.

What might 15 THE PRIORY be worth now?

15 THE PRIORY might now be worth an estimated £586,102.

This is based on house price inflation of 12.3%, between October 2020 and December 2024, for detached houses, in the South Hams local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 12.3% inflationary increase is applied to the most recent sale price for 15 THE PRIORY of £522,000 on 16th October 2020. For the value to have increased from £522,000 to £586,102 over the three years and ten months to December 2024, the following assumptions must hold true:

• The value of 15 THE PRIORY has moved in line with the HPI for detached houses in the South Hams local authority area.
• The October 2020 sale price of £522,000 represented a fair market value for the property.
• The size, condition, and specification of 15 THE PRIORY has not materially changed since October 2020.

How Large is 15 THE PRIORY?

15 THE PRIORY is 114m², which includes one extension, according to the EPC inspection conducted in February 2019. This puts it in the smallest 30% of detached houses houses in Modbury, based on EPC data. The below chart shows the distribution of detached houses houses by size in Modbury, and where 15 THE PRIORY lies on this distribution: 30% of detached houses houses are smaller than 15 THE PRIORY, and 70% of houses are larger. Note that EPC data is not available for all properties in Modbury.

15 THE PRIORY: Plot and Title Map

15 THE PRIORY sits on a plot of roughly 0.190 of an acre, or 770m². The below map shows the location of 15 THE PRIORY, 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 THE PRIORY). 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 THE PRIORY?

15 THE PRIORY is located in MODBURY, in the PL21 postcode district. The below map shows the position of No. 15 on THE PRIORY.