3, PARKLANDS, SOUTH MOLTON, EX36 4EW - £450,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

3 PARKLANDS is a very large extended detached house of 172m², built sometime between 1976 and 1982, which could now be worth an estimated £537,470. It was last sold for £450,000 in March 2021, which was around 21% above the average March 2021 detached price in the North Devon local authority area. The most recent EPC inspection was March 2018, where the current energy rating was D, and the potential energy rating was B.

3 PARKLANDS Sold Prices

Land registry data shows two sales for 3 PARKLANDS 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 3 PARKLANDS 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
2021 25 MAR	£450,000	£372,695	21% above HPI
1996 26 APR	£79,500	£75,198	6% above HPI

3 PARKLANDS 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 3 PARKLANDS sales from April 1996 and March 2021 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 April 1996 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the March 2021 sale, where it rises to 21% above the HPI. The line then continues to track at 21% above the HPI.

What might 3 PARKLANDS be worth now?

3 PARKLANDS might now be worth an estimated £537,470.

This is based on house price inflation of 19.4%, between March 2021 and February 2025, for 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 19.4% inflationary increase is applied to the most recent sale price for 3 PARKLANDS of £450,000 on 25th March 2021. For the value to have increased from £450,000 to £537,470 over the four years and one month to February 2025, the following assumptions must hold true:

• The value of 3 PARKLANDS has moved in line with the HPI for detached houses in the North Devon local authority area.
• The March 2021 sale price of £450,000 represented a fair market value for the property.
• The size, condition, and specification of 3 PARKLANDS has not materially changed since March 2021.

How Large is 3 PARKLANDS?

3 PARKLANDS is 172m², which includes two extensions, according to the EPC inspection conducted in March 2018. This puts it in the largest 10% of detached houses houses in South Molton, based on EPC data. The below chart shows the distribution of detached houses houses by size in South Molton, and where 3 PARKLANDS lies on this distribution: 94% of detached houses houses are smaller than 3 PARKLANDS, and 6% of houses are larger. Note that EPC data is not available for all properties in South Molton.

3 PARKLANDS: Plot and Title Map

3 PARKLANDS sits on a plot of roughly 0.400 of an acre, or 1,618m². The below map shows the location of 3 PARKLANDS, 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 PARKLANDS). 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 PARKLANDS?

3 PARKLANDS is located in SOUTH MOLTON, in the EX36 postcode district. The below map shows the position of No. 3 on PARKLANDS.