3, RALEIGH MEAD, SOUTH MOLTON, EX36 4BT - £258,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

3 RALEIGH MEAD is a very small detached house of 78m², built sometime between 2003 and 2006. It was last sold for £258,000 in September 2019, which was around 28% below the average September 2019 detached price in the North Devon local authority area. The most recent EPC inspection was November 2014, where the current energy rating was C, and the potential energy rating was B.

3 RALEIGH MEAD Sold Prices

Land registry data shows five sales for 3 RALEIGH MEAD since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the North Devon local authority area for the corresponding sale date. All of the five 3 RALEIGH MEAD 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 13 SEP	£258,000	£357,331	28% below HPI
2019 31 JAN	£245,000	£346,593	29% below HPI
2015 7 DEC	£215,000	£310,290	31% below HPI
2007 29 NOV	£215,000	£297,196	28% below HPI
2005 27 JUN	£158,000	£253,622	38% below HPI

3 RALEIGH MEAD 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 five 3 RALEIGH MEAD sales between June 2005 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 January 2019 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the September 2019 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 3 RALEIGH MEAD?

3 RALEIGH MEAD is 78m² according to the EPC inspection conducted in November 2014. This puts it in the smallest 20% of detached houses in South Molton, based on EPC data. The below chart shows the distribution of detached houses by size in South Molton, and where 3 RALEIGH MEAD lies on this distribution: 17% of detached houses are smaller than 3 RALEIGH MEAD, and 82% of houses are larger. Note that EPC data is not available for all properties in South Molton.

3 RALEIGH MEAD: Plot and Title Map

3 RALEIGH MEAD sits on a plot of roughly 0.062 of an acre, or 250m². The below map shows the location of 3 RALEIGH MEAD, 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 RALEIGH MEAD). 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 RALEIGH MEAD?

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