7, PARKLANDS, SOUTH MOLTON, EX36 4EW - £340,000

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

7 PARKLANDS is a small detached house of 85m², built sometime between 1950 and 1966. It was last sold for £340,000 in August 2024, which was around 22% below the average August 2024 detached price in the North Devon local authority area. The most recent EPC inspection was February 2024, where the current energy rating was B, and the potential energy rating was A.

7 PARKLANDS Sold Prices

Land registry data shows three sales for 7 PARKLANDS 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 7 PARKLANDS 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
2024 30 AUG	£340,000	£433,122	22% below HPI
2016 18 MAR	£295,000	£315,693	7% below HPI
1999 18 OCT	£95,000	£108,364	12% below HPI

7 PARKLANDS 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 7 PARKLANDS sales between October 1999 and August 2024 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 2016 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the August 2024 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 7 PARKLANDS?

7 PARKLANDS is 85m² according to the EPC inspection conducted in February 2024. This puts it in the smallest 30% 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 7 PARKLANDS lies on this distribution: 25% of detached houses are smaller than 7 PARKLANDS, and 73% of houses are larger. Note that EPC data is not available for all properties in South Molton.

7 PARKLANDS: Plot and Title Map

7 PARKLANDS sits on a plot of roughly 0.166 of an acre, or 670m². The below map shows the location of 7 PARKLANDS, 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 7 PARKLANDS). 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 7 PARKLANDS?

7 PARKLANDS is located in SOUTH MOLTON, in the EX36 postcode district. The below map shows the position of No. 7 on PARKLANDS.