5, PARK WAY, ILFRACOMBE, EX34 8ER - £318,000

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

5 PARK WAY is a very small detached house of 70m², built sometime between 1967 and 1975. It was last sold for £318,000 in October 2023, which was around 31% below the average October 2023 detached price in the North Devon local authority area. The most recent EPC inspection was August 2023, where the current energy rating was B, and the potential energy rating was A.

5 PARK WAY Sold Prices

Land registry data shows three sales for 5 PARK WAY 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 5 PARK WAY 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
2023 25 OCT	£318,000	£459,017	31% below HPI
2013 22 FEB	£185,000	£262,527	30% below HPI
2002 8 OCT	£120,000	£191,995	37% below HPI

5 PARK WAY 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 5 PARK WAY sales between October 2002 and October 2023 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 February 2013 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the October 2023 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 5 PARK WAY?

5 PARK WAY is 70m² according to the EPC inspection conducted in August 2023. This puts it in the smallest 20% of detached houses in Ilfracombe, based on EPC data. The below chart shows the distribution of detached houses by size in Ilfracombe, and where 5 PARK WAY lies on this distribution: 15% of detached houses are smaller than 5 PARK WAY, and 84% of houses are larger. Note that EPC data is not available for all properties in Ilfracombe.

5 PARK WAY: Plot and Title Map

5 PARK WAY sits on a plot of roughly 0.125 of an acre, or 505m². The below map shows the location of 5 PARK WAY, 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 5 PARK WAY). 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 5 PARK WAY?

5 PARK WAY is located in ILFRACOMBE, in the EX34 postcode district. The below map shows the position of No. 5 on PARK WAY.