2, OAKLEA, TIVERTON, EX16 6NS - £373,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 OAKLEA is a midsized extended detached house of 103m², built sometime between 1983 and 1990. It was last sold for £373,000 in November 2022, which was around 19% below the average November 2022 detached price in the Mid Devon local authority area. The most recent EPC inspection was May 2022, where the current energy rating was D, and the potential energy rating was C.

2 OAKLEA Sold Prices

Land registry data shows two sales for 2 OAKLEA since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Mid Devon local authority area for the corresponding sale date. Both of the two 2 OAKLEA 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
2022 4 NOV	£373,000	£458,508	19% below HPI
2008 25 JUL	£210,000	£268,512	22% below HPI

2 OAKLEA Price Paid vs. HPI Average

The below graph shows the average detached house price in the Mid Devon local authority area over time, sourced from the HPI. The two 2 OAKLEA sales from July 2008 and November 2022 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 July 2008 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the November 2022 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 2 OAKLEA?

2 OAKLEA is 103m², which includes two extensions, according to the EPC inspection conducted in May 2022. This puts it in the smallest 50% of detached houses in Tiverton, based on EPC data. The below chart shows the distribution of detached houses by size in Tiverton, and where 2 OAKLEA lies on this distribution: 42% of detached houses are smaller than 2 OAKLEA, and 57% of houses are larger. Note that EPC data is not available for all properties in Tiverton.

2 OAKLEA: Plot and Title Map

2 OAKLEA sits on a plot of roughly 0.080 of an acre, or 325m². The below map shows the location of 2 OAKLEA, 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 OAKLEA). 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 OAKLEA?

2 OAKLEA is located in TIVERTON, in the EX16 postcode district. The below map shows the position of No. 2 on OAKLEA.