2, THE ORCHARD, MODBURY, IVYBRIDGE, PL21 0NQ - £337,500

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 ORCHARD is a midsized detached house of 124m², built sometime between 2003 and 2006, which could now be worth an estimated £529,295. It was last sold for £337,500 in June 2012, which was around 8% below the average June 2012 detached price in the South Hams local authority area. The most recent EPC inspection was February 2010, where the current energy rating was C, and the potential energy rating was C.

2 THE ORCHARD Sold Prices

Land registry data shows two sales for 2 THE 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 South Hams local authority area for the corresponding sale date. Both of the two 2 THE 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
2012 19 JUN	£337,500	£367,066	8% below HPI
2006 2 AUG	£312,500	£343,539	9% below HPI

2 THE ORCHARD Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Hams local authority area over time, sourced from the HPI. The two 2 THE ORCHARD sales from August 2006 and June 2012 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 August 2006 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the June 2012 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 2 THE ORCHARD be worth now?

2 THE ORCHARD might now be worth an estimated £529,295.

This is based on house price inflation of 56.8%, between June 2012 and December 2024, for detached houses, in the South Hams local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 56.8% inflationary increase is applied to the most recent sale price for 2 THE ORCHARD of £337,500 on 19th June 2012. For the value to have increased from £337,500 to £529,295 over the eleven years and six months to December 2024, the following assumptions must hold true:

• The value of 2 THE ORCHARD has moved in line with the HPI for detached houses in the South Hams local authority area.
• The June 2012 sale price of £337,500 represented a fair market value for the property.
• The size, condition, and specification of 2 THE ORCHARD has not materially changed since June 2012.

How Large is 2 THE ORCHARD?

2 THE ORCHARD is 124m² according to the EPC inspection conducted in February 2010. This puts it in the smallest 50% of detached houses houses in Modbury, based on EPC data. The below chart shows the distribution of detached houses houses by size in Modbury, and where 2 THE ORCHARD lies on this distribution: 41% of detached houses houses are smaller than 2 THE ORCHARD, and 59% of houses are larger. Note that EPC data is not available for all properties in Modbury.

2 THE ORCHARD: Plot and Title Map

2 THE ORCHARD sits on a plot of roughly 0.040 of an acre, or 160m². The below map shows the location of 2 THE 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 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 ORCHARD?

2 THE ORCHARD is located in MODBURY, in the PL21 postcode district. The below map shows the position of No. 2 on THE ORCHARD.