3, THE ORCHARD, MODBURY, IVYBRIDGE, PL21 0NQ - £420,000

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 THE ORCHARD is a midsized detached house of 140m², built sometime between 2003 and 2006, which could now be worth an estimated £523,354. It was last sold for £420,000 in March 2019, which was around 9% below the average March 2019 detached price in the South Hams local authority area. The most recent EPC inspection was December 2009, where the current energy rating was C, and the potential energy rating was C.

3 THE ORCHARD Sold Prices

Land registry data shows three sales for 3 THE ORCHARD 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. Two of the three 3 THE ORCHARD sales were for below the average price, whilst one was 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
2019 26 MAR	£420,000	£461,979	9% below HPI
2010 12 MAY	£420,000	£375,148	12% above HPI
2006 19 APR	£335,000	£340,740	2% below HPI

3 THE ORCHARD 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 3 THE ORCHARD sales between April 2006 and March 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 May 2010 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the March 2019 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 3 THE ORCHARD be worth now?

3 THE ORCHARD might now be worth an estimated £523,354.

This is based on house price inflation of 24.6%, between March 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 24.6% inflationary increase is applied to the most recent sale price for 3 THE ORCHARD of £420,000 on 26th March 2019. For the value to have increased from £420,000 to £523,354 over the four years and three months to December 2024, the following assumptions must hold true:

• The value of 3 THE ORCHARD has moved in line with the HPI for detached houses in the South Hams local authority area.
• The March 2019 sale price of £420,000 represented a fair market value for the property.
• The size, condition, and specification of 3 THE ORCHARD has not materially changed since March 2019.

How Large is 3 THE ORCHARD?

3 THE ORCHARD is 140m² according to the EPC inspection conducted in December 2009. This puts it in the largest 50% of detached houses houses in Modbury, based on EPC data. The below chart shows the distribution of detached houses houses by size in Modbury, and where 3 THE ORCHARD lies on this distribution: 56% of detached houses houses are smaller than 3 THE ORCHARD, and 44% of houses are larger. Note that EPC data is not available for all properties in Modbury.

3 THE ORCHARD: Plot and Title Map

3 THE ORCHARD sits on a plot of roughly 0.050 of an acre, or 202m². The below map shows the location of 3 THE ORCHARD, 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 THE ORCHARD). 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 THE ORCHARD?

3 THE ORCHARD is located in MODBURY, in the PL21 postcode district. The below map shows the position of No. 3 on THE ORCHARD.