2, LABURNUM WAY, OKEHAMPTON, EX20 1WQ - £222,000

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

2 LABURNUM WAY is a midsized detached house of 107m², built sometime between 2003 and 2006, which could now be worth an estimated £346,947. It was last sold for £222,000 in August 2006, which was around 25% below the average August 2006 detached price in the West Devon local authority area. The most recent EPC inspection was October 2019, where the current energy rating was C, and the potential energy rating was B.

2 LABURNUM WAY Sold Prices

Land registry data shows two sales for 2 LABURNUM WAY 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 2 LABURNUM 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
2006 14 AUG	£222,000	£294,351	25% below HPI
2003 13 NOV	£174,995	£232,395	25% below HPI

2 LABURNUM WAY 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 2 LABURNUM WAY sales from November 2003 and August 2006 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 November 2003 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the August 2006 sale, which was also at 25% below the HPI.

What might 2 LABURNUM WAY be worth now?

2 LABURNUM WAY might now be worth an estimated £346,947.

This is based on house price inflation of 56.3%, between August 2006 and December 2024, 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 56.3% inflationary increase is applied to the most recent sale price for 2 LABURNUM WAY of £222,000 on 14th August 2006. For the value to have increased from £222,000 to £346,947 over the seventeen years and eight months to December 2024, the following assumptions must hold true:

• The value of 2 LABURNUM WAY has moved in line with the HPI for detached houses in the West Devon local authority area.
• The August 2006 sale price of £222,000 represented a fair market value for the property.
• The size, condition, and specification of 2 LABURNUM WAY has not materially changed since August 2006.

How Large is 2 LABURNUM WAY?

2 LABURNUM WAY is 107m² according to the EPC inspection conducted in October 2019. This puts it in the largest 50% of detached houses houses in Okehampton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Okehampton, and where 2 LABURNUM WAY lies on this distribution: 50% of detached houses houses are smaller than 2 LABURNUM WAY, and 49% of houses are larger. Note that EPC data is not available for all properties in Okehampton.

2 LABURNUM WAY: Plot and Title Map

2 LABURNUM WAY sits on a plot of roughly 0.064 of an acre, or 261m². The below map shows the location of 2 LABURNUM 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 LABURNUM 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 LABURNUM WAY?

2 LABURNUM WAY is located in OKEHAMPTON, in the EX20 postcode district. The below map shows the position of No. 2 on LABURNUM WAY.