2, THE TERRACE, PARRACOMBE, BARNSTAPLE, EX31 4PE - £282,500

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 THE TERRACE is a very small extended semi-detached house of 77m², built sometime before 1900. It was last sold for £282,500 in October 2008, which was around 8% above the average October 2008 detached price in the North Devon local authority area. The most recent EPC inspection was March 2017, where the current energy rating was F, and the potential energy rating was A.

2 THE TERRACE Sold Prices

Land registry data shows two sales for 2 THE TERRACE 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 THE TERRACE sales were 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
2008 13 OCT	£282,500	£262,319	8% above HPI
1995 23 JAN	£115,000	£70,239	64% above HPI

2 THE TERRACE 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 THE TERRACE sales from January 1995 and October 2008 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 January 1995 sale was for 64% above the HPI. So the extrapolation line tracks at 64% above the HPI over time, until the October 2008 sale, where it falls to 8% above the HPI. The line then continues to track at 8% above the HPI.

How Large is 2 THE TERRACE?

2 THE TERRACE is 77m², which includes one extension, according to the EPC inspection conducted in March 2017. This puts it in the smallest 10% of detached houses in Parracombe, based on EPC data. The below chart shows the distribution of detached houses by size in Parracombe, and where 2 THE TERRACE lies on this distribution: 4% of detached houses are smaller than 2 THE TERRACE, and 96% of houses are larger. Note that EPC data is not available for all properties in Parracombe.

2 THE TERRACE: Plot and Title Map

2 THE TERRACE sits on a plot of roughly 1.2 acres, or 5,024m². The below map shows the location of 2 THE TERRACE, 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 TERRACE). 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 TERRACE?

2 THE TERRACE is located in PARRACOMBE, in the EX31 postcode district. The below map shows the position of No. 2 on THE TERRACE.