22, GORSE WAY, IVYBRIDGE, PL21 0GA - £505,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

22 GORSE WAY is a midsized detached house of 114m², built sometime between 1996 and 2002. It was last sold for £505,000 in February 2023, which was around 11% below the average February 2023 detached price in the South Hams local authority area. The most recent EPC inspection was January 2014, where the current energy rating was D, and the potential energy rating was B.

22 GORSE WAY Sold Prices

Land registry data shows four sales for 22 GORSE WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the South Hams local authority area for the corresponding sale date. Most of the four 22 GORSE WAY 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
2023 17 FEB	£505,000	£567,345	11% below HPI
2003 13 JUN	£247,000	£264,428	7% below HPI
1999 12 MAR	£130,000	£123,275	5% above HPI
1997 17 OCT	£110,000	£118,383	7% below HPI

22 GORSE WAY 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 four 22 GORSE WAY sales between October 1997 and February 2023 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 June 2003 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the February 2023 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 22 GORSE WAY?

22 GORSE WAY is 114m² according to the EPC inspection conducted in January 2014. This puts it in the largest 50% of detached houses in Ivybridge, based on EPC data. The below chart shows the distribution of detached houses by size in Ivybridge, and where 22 GORSE WAY lies on this distribution: 56% of detached houses are smaller than 22 GORSE WAY, and 42% of houses are larger. Note that EPC data is not available for all properties in Ivybridge.

22 GORSE WAY: Plot and Title Map

22 GORSE WAY sits on a plot of roughly 0.099 of an acre, or 401m². The below map shows the location of 22 GORSE WAY, 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 22 GORSE WAY). 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 22 GORSE WAY?

22 GORSE WAY is located in IVYBRIDGE, in the PL21 postcode district. The below map shows the position of No. 22 on GORSE WAY.