42, SOUTH STREET, SOUTH MOLTON, EX36 4AE - £480,000

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.

42 SOUTH STREET is a very large detached house of 262m², built sometime before 1900, which could now be worth an estimated £571,416. It was last sold for £480,000 in February 2021, which was around 28% above the average February 2021 detached price in the North Devon local authority area. The most recent EPC inspection was August 2020, where the current energy rating was E, and the potential energy rating was C.

42 SOUTH STREET Sold Prices

Land registry data shows three sales for 42 SOUTH STREET since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Devon local authority area for the corresponding sale date. All of the three 42 SOUTH STREET 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 12 FEB	£480,000	£373,925	28% above HPI
2002 26 APR	£200,000	£163,644	22% above HPI
1997 19 MAR	£92,500	£84,451	10% above HPI

42 SOUTH STREET 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 three 42 SOUTH STREET sales between March 1997 and February 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 2002 sale was for 22% above the HPI. So the extrapolation line tracks at 22% above the HPI over time, until the February 2021 sale, where it rises to 28% above the HPI. The line then continues to track at 28% above the HPI.

What might 42 SOUTH STREET be worth now?

42 SOUTH STREET might now be worth an estimated £571,416.

This is based on house price inflation of 19%, between February 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% inflationary increase is applied to the most recent sale price for 42 SOUTH STREET of £480,000 on 12th February 2021. For the value to have increased from £480,000 to £571,416 over the four years to February 2025, the following assumptions must hold true:

• The value of 42 SOUTH STREET has moved in line with the HPI for detached houses in the North Devon local authority area.
• The February 2021 sale price of £480,000 represented a fair market value for the property.
• The size, condition, and specification of 42 SOUTH STREET has not materially changed since February 2021.

How Large is 42 SOUTH STREET?

42 SOUTH STREET is 262m² according to the EPC inspection conducted in August 2020. 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 42 SOUTH STREET lies on this distribution: More than 99% of detached houses houses are smaller than 42 SOUTH STREET, and less than 1% of houses are larger. Note that EPC data is not available for all properties in South Molton.

42 SOUTH STREET: Plot and Title Map

42 SOUTH STREET sits on a plot of roughly 0.171 of an acre, or 690m². The below map shows the location of 42 SOUTH STREET, 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 42 SOUTH STREET). 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 42 SOUTH STREET?

42 SOUTH STREET is located in SOUTH MOLTON, in the EX36 postcode district. The below map shows the position of No. 42 on SOUTH STREET.