2, BENEDICT WAY, MODBURY, IVYBRIDGE, PL21 0TJ - £320,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 BENEDICT WAY is a small extended detached house of 116m², built sometime between 1950 and 1966. It was last sold for £320,000 in October 2013, which was around 11% below the average October 2013 detached price in the South Hams local authority area. The most recent EPC inspection was June 2022, where the current energy rating was D, and the potential energy rating was B.

2 BENEDICT WAY Sold Prices

Land registry data shows three sales for 2 BENEDICT WAY 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. All of the three 2 BENEDICT 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
2013 4 OCT	£320,000	£360,088	11% below HPI
2003 23 JUN	£250,000	£264,428	5% below HPI
2003 1 MAY	£175,000	£268,444	35% below HPI

2 BENEDICT WAY 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 2 BENEDICT WAY sales between May 2003 and October 2013 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 June 2003 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the October 2013 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 2 BENEDICT WAY?

2 BENEDICT WAY is 116m², which includes one extension, according to the EPC inspection conducted in June 2022. This puts it in the smallest 40% of detached houses in Modbury, based on EPC data. The below chart shows the distribution of detached houses by size in Modbury, and where 2 BENEDICT WAY lies on this distribution: 31% of detached houses are smaller than 2 BENEDICT WAY, and 64% of houses are larger. Note that EPC data is not available for all properties in Modbury.

2 BENEDICT WAY: Plot and Title Map

2 BENEDICT WAY sits on a plot of roughly 0.111 of an acre, or 449m². The below map shows the location of 2 BENEDICT 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 2 BENEDICT 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 2 BENEDICT WAY?

2 BENEDICT WAY is located in MODBURY, in the PL21 postcode district. The below map shows the position of No. 2 on BENEDICT WAY.