2, THE OLD ORCHARD, NORTHLEW, OKEHAMPTON, EX20 3NH - £240,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 THE OLD ORCHARD is a very small detached house of 60m², built sometime between 1983 and 1990, which could now be worth an estimated £280,942. It was last sold for £240,000 in July 2021, which was around 39% below the average July 2021 detached price in the West Devon local authority area. The most recent EPC inspection was September 2011, where the current energy rating was D, and the potential energy rating was D.

2 THE OLD ORCHARD Sold Prices

Land registry data shows two sales for 2 THE OLD ORCHARD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Devon local authority area for the corresponding sale date. Both of the two 2 THE OLD ORCHARD 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 19 JUL	£240,000	£391,779	39% below HPI
2009 15 MAY	£175,000	£262,159	33% below HPI

2 THE OLD ORCHARD Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Devon local authority area over time, sourced from the HPI. The two 2 THE OLD ORCHARD sales from May 2009 and July 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 2009 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the July 2021 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

What might 2 THE OLD ORCHARD be worth now?

2 THE OLD ORCHARD might now be worth an estimated £280,942.

This is based on house price inflation of 17.1%, between July 2021 and February 2025, for detached houses, in the West Devon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 17.1% inflationary increase is applied to the most recent sale price for 2 THE OLD ORCHARD of £240,000 on 19th July 2021. For the value to have increased from £240,000 to £280,942 over the four years and five months to February 2025, the following assumptions must hold true:

• The value of 2 THE OLD ORCHARD has moved in line with the HPI for detached houses in the West Devon local authority area.
• The July 2021 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 2 THE OLD ORCHARD has not materially changed since July 2021.

How Large is 2 THE OLD ORCHARD?

2 THE OLD ORCHARD is 60m² according to the EPC inspection conducted in September 2011. This puts it in the smallest 10% of detached houses houses in Northlew, based on EPC data. The below chart shows the distribution of detached houses houses by size in Northlew, and where 2 THE OLD ORCHARD lies on this distribution: 3% of detached houses houses are smaller than 2 THE OLD ORCHARD, and 97% of houses are larger. Note that EPC data is not available for all properties in Northlew.

2 THE OLD ORCHARD: Plot and Title Map

2 THE OLD ORCHARD sits on a plot of roughly 0.085 of an acre, or 343m². The below map shows the location of 2 THE OLD ORCHARD, 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 OLD ORCHARD). 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 OLD ORCHARD?

2 THE OLD ORCHARD is located in NORTHLEW, in the EX20 postcode district. The below map shows the position of No. 2 on THE OLD ORCHARD.