2, MOORLAND RISE, SOUTH MOLTON, EX36 4BX - £295,000

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.

2 MOORLAND RISE is a very small detached house of 78m², built sometime between 2003 and 2006, which could now be worth an estimated £345,956. It was last sold for £295,000 in January 2021, which was around 22% below the average January 2021 detached price in the North Devon local authority area. The most recent EPC inspection was August 2020, where the current energy rating was C, and the potential energy rating was B.

2 MOORLAND RISE Sold Prices

Land registry data shows two sales for 2 MOORLAND RISE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Devon local authority area for the corresponding sale date. Both of the two 2 MOORLAND 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 22 JAN	£295,000	£379,574	22% below HPI
2002 10 MAY	£137,000	£170,621	20% below HPI

2 MOORLAND RISE 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 two 2 MOORLAND RISE sales from May 2002 and January 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 May 2002 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the January 2021 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 2 MOORLAND RISE be worth now?

2 MOORLAND RISE might now be worth an estimated £345,956.

This is based on house price inflation of 17.3%, between January 2021 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 17.3% inflationary increase is applied to the most recent sale price for 2 MOORLAND RISE of £295,000 on 22nd January 2021. For the value to have increased from £295,000 to £345,956 over the three years and eleven months to February 2025, the following assumptions must hold true:

• The value of 2 MOORLAND RISE has moved in line with the HPI for detached houses in the North Devon local authority area.
• The January 2021 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MOORLAND RISE has not materially changed since January 2021.

How Large is 2 MOORLAND RISE?

2 MOORLAND RISE is 78m² according to the EPC inspection conducted in August 2020. This puts it in the smallest 20% of detached houses houses in South Molton, based on EPC data. The below chart shows the distribution of detached houses houses by size in South Molton, and where 2 MOORLAND RISE lies on this distribution: 17% of detached houses houses are smaller than 2 MOORLAND RISE, and 82% of houses are larger. Note that EPC data is not available for all properties in South Molton.

2 MOORLAND RISE: Plot and Title Map

2 MOORLAND RISE sits on a plot of roughly 0.095 of an acre, or 383m². The below map shows the location of 2 MOORLAND 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 2 MOORLAND 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 2 MOORLAND RISE?

2 MOORLAND RISE is located in SOUTH MOLTON, in the EX36 postcode district. The below map shows the position of No. 2 on MOORLAND RISE.