4, CHERRY TREE DRIVE, LANDKEY, BARNSTAPLE, EX32 0UE - £229,950

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.

4 CHERRY TREE DRIVE is a very small detached house of 83m², built sometime between 1996 and 2002, which could now be worth an estimated £362,421. It was last sold for £229,950 in May 2012, which was around 19% below the average May 2012 detached price in the North Devon local authority area. The most recent EPC inspection was October 2009, where the current energy rating was C, and the potential energy rating was C.

4 CHERRY TREE DRIVE Sold Prices

Land registry data shows five sales for 4 CHERRY TREE DRIVE 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 4 CHERRY TREE DRIVE 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
2012 31 MAY	£229,950	£282,433	19% below HPI
2005 18 MAR	£189,000	£272,233	31% below HPI
2004 26 MAR	£184,500	£237,347	22% below HPI
2003 22 MAY	£42,500	£205,228	79% below HPI
1999 21 MAY	£88,950	£104,265	15% below HPI

4 CHERRY TREE DRIVE 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 4 CHERRY TREE DRIVE sales between May 1999 and May 2012 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 March 2005 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the May 2012 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 4 CHERRY TREE DRIVE be worth now?

4 CHERRY TREE DRIVE might now be worth an estimated £362,421.

This is based on house price inflation of 57.6%, between May 2012 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 57.6% inflationary increase is applied to the most recent sale price for 4 CHERRY TREE DRIVE of £229,950 on 31st May 2012. For the value to have increased from £229,950 to £362,421 over the thirteen years and three months to February 2025, the following assumptions must hold true:

• The value of 4 CHERRY TREE DRIVE has moved in line with the HPI for detached houses in the North Devon local authority area.
• The May 2012 sale price of £229,950 represented a fair market value for the property.
• The size, condition, and specification of 4 CHERRY TREE DRIVE has not materially changed since May 2012.

How Large is 4 CHERRY TREE DRIVE?

4 CHERRY TREE DRIVE is 83m² according to the EPC inspection conducted in October 2009. This puts it in the smallest 20% of detached houses houses in Landkey, based on EPC data. The below chart shows the distribution of detached houses houses by size in Landkey, and where 4 CHERRY TREE DRIVE lies on this distribution: 17% of detached houses houses are smaller than 4 CHERRY TREE DRIVE, and 83% of houses are larger. Note that EPC data is not available for all properties in Landkey.

4 CHERRY TREE DRIVE: Plot and Title Map

4 CHERRY TREE DRIVE sits on a plot of roughly 0.057 of an acre, or 232m². The below map shows the location of 4 CHERRY TREE DRIVE, 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 4 CHERRY TREE DRIVE). 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 4 CHERRY TREE DRIVE?

4 CHERRY TREE DRIVE is located in LANDKEY, in the EX32 postcode district. The below map shows the position of No. 4 on CHERRY TREE DRIVE.