2, THE GAVEL, SOUTH MOLTON, EX36 4BP - £140,000

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 THE GAVEL is a very small semi-detached house of 62m², built sometime between 1996 and 2002, which could now be worth an estimated £209,115. It was last sold for £140,000 in October 2014, which was around 30% below the average October 2014 semi-detached price in the North Devon local authority area. The most recent EPC inspection was May 2019, where the current energy rating was C, and the potential energy rating was B.

2 THE GAVEL Sold Prices

Land registry data shows two sales for 2 THE GAVEL since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the North Devon local authority area for the corresponding sale date. Both of the two 2 THE GAVEL 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
2014 29 OCT	£140,000	£200,330	30% below HPI
2001 19 DEC	£78,995	£93,220	15% below HPI

2 THE GAVEL Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the North Devon local authority area over time, sourced from the HPI. The two 2 THE GAVEL sales from December 2001 and October 2014 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 2001 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the October 2014 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 2 THE GAVEL be worth now?

2 THE GAVEL might now be worth an estimated £209,115.

This is based on house price inflation of 49.4%, between October 2014 and February 2025, for semi-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 49.4% inflationary increase is applied to the most recent sale price for 2 THE GAVEL of £140,000 on 29th October 2014. For the value to have increased from £140,000 to £209,115 over the eleven years and eight months to February 2025, the following assumptions must hold true:

• The value of 2 THE GAVEL has moved in line with the HPI for semi-detached houses in the North Devon local authority area.
• The October 2014 sale price of £140,000 represented a fair market value for the property.
• The size, condition, and specification of 2 THE GAVEL has not materially changed since October 2014.

How Large is 2 THE GAVEL?

2 THE GAVEL is 62m² according to the EPC inspection conducted in May 2019. This puts it in the smallest 10% of semi-detached houses houses in South Molton, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in South Molton, and where 2 THE GAVEL lies on this distribution: 3% of semi-detached houses houses are smaller than 2 THE GAVEL, and 97% of houses are larger. Note that EPC data is not available for all properties in South Molton.

2 THE GAVEL: Plot and Title Map

2 THE GAVEL sits on a plot of roughly 0.029 of an acre, or 116m². The below map shows the location of 2 THE GAVEL, 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 THE GAVEL). 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 THE GAVEL?

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