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

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 TERRACE is a very small extended semi-detached house of 77m², built sometime before 1900, which could now be worth an estimated £462,851. It was last sold for £282,500 in October 2008, which was around 60% above the average October 2008 semi-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 semi-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	£177,091	60% above HPI
1995 23 JAN	£115,000	£44,202	160% above HPI

2 THE TERRACE 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 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 160% above the HPI. So the extrapolation line tracks at 160% above the HPI over time, until the October 2008 sale, where it falls to 60% above the HPI. The line then continues to track at 60% above the HPI.

What might 2 THE TERRACE be worth now?

2 THE TERRACE might now be worth an estimated £462,851.

This is based on house price inflation of 63.8%, between October 2008 and December 2024, 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 63.8% inflationary increase is applied to the most recent sale price for 2 THE TERRACE of £282,500 on 13th October 2008. For the value to have increased from £282,500 to £462,851 over the fifteen years and ten months to December 2024, the following assumptions must hold true:

• The value of 2 THE TERRACE has moved in line with the HPI for semi-detached houses in the North Devon local authority area.
• The October 2008 sale price of £282,500 represented a fair market value for the property.
• The size, condition, and specification of 2 THE TERRACE has not materially changed since October 2008.

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 semi-detached houses houses in Parracombe, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Parracombe, and where 2 THE TERRACE lies on this distribution: 4% of semi-detached houses 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.