2, PARK WAY, ILFRACOMBE, EX34 8ER - £240,000

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 PARK WAY is a large detached house of 141m², built sometime between 1950 and 1966. It was last sold for £240,000 in July 2023, which was around 46% below the average July 2023 detached price in the North Devon local authority area. The most recent EPC inspection was August 2016, where the current energy rating was C, and the potential energy rating was C.

2 PARK WAY Sold Prices

Land registry data shows three sales for 2 PARK 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 North Devon local authority area for the corresponding sale date. Two of the three 2 PARK WAY sales were for below the average price, whilst one was for above 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
2023 24 JUL	£240,000	£444,570	46% below HPI
2013 11 DEC	£290,000	£279,549	4% above HPI
2006 24 JUL	£230,000	£260,336	12% below HPI

2 PARK WAY 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 three 2 PARK WAY sales between July 2006 and July 2023 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 December 2013 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the July 2023 sale, where it falls to 46% below the HPI. The line then continues to track at 46% below the HPI.

How Large is 2 PARK WAY?

2 PARK WAY is 141m² according to the EPC inspection conducted in August 2016. This puts it in the largest 30% of detached houses in Ilfracombe, based on EPC data. The below chart shows the distribution of detached houses by size in Ilfracombe, and where 2 PARK WAY lies on this distribution: 74% of detached houses are smaller than 2 PARK WAY, and 25% of houses are larger. Note that EPC data is not available for all properties in Ilfracombe.

2 PARK WAY: Plot and Title Map

2 PARK WAY sits on a plot of roughly 0.127 of an acre, or 515m². The below map shows the location of 2 PARK 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 PARK 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 PARK WAY?

2 PARK WAY is located in ILFRACOMBE, in the EX34 postcode district. The below map shows the position of No. 2 on PARK WAY.