3, DROVERS WAY, WOODLANDS, IVYBRIDGE, PL21 9XA - £375,000

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

3 DROVERS WAY is a midsized detached house of 107m², built sometime between 1991 and 1995, which could now be worth an estimated £461,749. It was last sold for £375,000 in September 2019, which was around 20% below the average September 2019 detached price in the South Hams local authority area. The most recent EPC inspection was October 2012, where the current energy rating was D, and the potential energy rating was B.

3 DROVERS WAY Sold Prices

Land registry data shows five sales for 3 DROVERS WAY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the South Hams local authority area for the corresponding sale date. All of the five 3 DROVERS 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
2019 5 SEP	£375,000	£467,513	20% below HPI
2013 29 OCT	£285,000	£366,950	22% below HPI
2013 8 FEB	£285,000	£376,240	24% below HPI
2002 6 DEC	£215,000	£262,566	18% below HPI
1999 3 DEC	£123,000	£152,361	19% below HPI

3 DROVERS 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 five 3 DROVERS WAY sales between December 1999 and September 2019 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 October 2013 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the September 2019 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 3 DROVERS WAY be worth now?

3 DROVERS WAY might now be worth an estimated £461,749.

This is based on house price inflation of 23.1%, between September 2019 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 23.1% inflationary increase is applied to the most recent sale price for 3 DROVERS WAY of £375,000 on 5th September 2019. For the value to have increased from £375,000 to £461,749 over the four years and nine months to December 2024, the following assumptions must hold true:

• The value of 3 DROVERS WAY has moved in line with the HPI for detached houses in the South Hams local authority area.
• The September 2019 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of 3 DROVERS WAY has not materially changed since September 2019.

How Large is 3 DROVERS WAY?

3 DROVERS WAY is 107m² according to the EPC inspection conducted in October 2012. This puts it in the smallest 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 3 DROVERS WAY lies on this distribution: 44% of detached houses houses are smaller than 3 DROVERS WAY, and 55% of houses are larger. Note that EPC data is not available for all properties in Ivybridge.

3 DROVERS WAY: Plot and Title Map

3 DROVERS WAY sits on a plot of roughly 0.131 of an acre, or 531m². The below map shows the location of 3 DROVERS 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 3 DROVERS 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 3 DROVERS WAY?

3 DROVERS WAY is located in WOODLANDS, in the PL21 postcode district. The below map shows the position of No. 3 on DROVERS WAY.