2, RALEIGH MEAD, SOUTH MOLTON, EX36 4BT - £255,000

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 RALEIGH MEAD is a very small detached house of 74m², built sometime between 2003 and 2006, which could now be worth an estimated £258,466. It was last sold for £255,000 in October 2024, which was around 42% below the average October 2024 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 B.

2 RALEIGH MEAD Sold Prices

Land registry data shows two sales for 2 RALEIGH MEAD 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 RALEIGH MEAD 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
2024 9 OCT	£255,000	£438,430	42% below HPI
2005 20 DEC	£169,995	£265,034	36% below HPI

2 RALEIGH MEAD 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 RALEIGH MEAD sales from December 2005 and October 2024 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 2005 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the October 2024 sale, where it falls to 42% below the HPI. The line then continues to track at 42% below the HPI.

What might 2 RALEIGH MEAD be worth now?

2 RALEIGH MEAD might now be worth an estimated £258,466.

This is based on house price inflation of 1.4%, between October 2024 and March 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 1.4% inflationary increase is applied to the most recent sale price for 2 RALEIGH MEAD of £255,000 on 9th October 2024. For the value to have increased from £255,000 to £258,466 over the one year and seven months to March 2025, the following assumptions must hold true:

• The value of 2 RALEIGH MEAD has moved in line with the HPI for detached houses in the North Devon local authority area.
• The October 2024 sale price of £255,000 represented a fair market value for the property.
• The size, condition, and specification of 2 RALEIGH MEAD has not materially changed since October 2024.

How Large is 2 RALEIGH MEAD?

2 RALEIGH MEAD is 74m² according to the EPC inspection conducted in August 2016. 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 RALEIGH MEAD lies on this distribution: 12% of detached houses houses are smaller than 2 RALEIGH MEAD, and 86% of houses are larger. Note that EPC data is not available for all properties in South Molton.

2 RALEIGH MEAD: Plot and Title Map

2 RALEIGH MEAD sits on a plot of roughly 0.059 of an acre, or 240m². The below map shows the location of 2 RALEIGH MEAD, 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 RALEIGH MEAD). 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 RALEIGH MEAD?

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