25, GORSE WAY, IVYBRIDGE, PL21 0GA - £245,000

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

25 GORSE WAY is a midsized detached house of 111m², built sometime between 1996 and 2002, which could now be worth an estimated £434,589. It was last sold for £245,000 in July 2009, which was around 26% below the average July 2009 detached price in the South Hams local authority area. The most recent EPC inspection was May 2009, where the current energy rating was C, and the potential energy rating was C.

25 GORSE WAY Sold Prices

Land registry data shows three sales for 25 GORSE WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Hams local authority area for the corresponding sale date. All of the three 25 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
2009 24 JUL	£245,000	£329,081	26% below HPI
2003 16 DEC	£205,000	£282,033	27% below HPI
1998 28 AUG	£89,000	£120,295	26% below HPI

25 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 three 25 GORSE WAY sales between August 1998 and July 2009 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 December 2003 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the July 2009 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 25 GORSE WAY be worth now?

25 GORSE WAY might now be worth an estimated £434,589.

This is based on house price inflation of 77.4%, between July 2009 and February 2025, 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 77.4% inflationary increase is applied to the most recent sale price for 25 GORSE WAY of £245,000 on 24th July 2009. For the value to have increased from £245,000 to £434,589 over the sixteen years and five months to February 2025, the following assumptions must hold true:

• The value of 25 GORSE WAY has moved in line with the HPI for detached houses in the South Hams local authority area.
• The July 2009 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 25 GORSE WAY has not materially changed since July 2009.

How Large is 25 GORSE WAY?

25 GORSE WAY is 111m² according to the EPC inspection conducted in May 2009. This puts it in the largest 50% of detached houses houses in Ivybridge, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ivybridge, and where 25 GORSE WAY lies on this distribution: 51% of detached houses houses are smaller than 25 GORSE WAY, and 50% of houses are larger. Note that EPC data is not available for all properties in Ivybridge.

25 GORSE WAY: Plot and Title Map

25 GORSE WAY sits on a plot of roughly 0.090 of an acre, or 364m². The below map shows the location of 25 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 25 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 25 GORSE WAY?

25 GORSE WAY is located in IVYBRIDGE, in the PL21 postcode district. The below map shows the position of No. 25 on GORSE WAY.