8, MAGDALENE WAY, SOUTH MOLTON, EX36 4FH - £310,000

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

8 MAGDALENE WAY is a large detached house of 118m², which could now be worth an estimated £357,143. It was last sold for £310,000 in February 2021, which was around 17% below the average February 2021 detached price in the North Devon local authority area. The most recent EPC inspection was June 2017, where the current energy rating was B, and the potential energy rating was A.

8 MAGDALENE WAY Sold Prices

Land registry data shows two sales for 8 MAGDALENE WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Devon local authority area for the corresponding sale date. Both of the two 8 MAGDALENE 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
2021 24 FEB	£310,000	£373,925	17% below HPI
2017 29 JUN	£283,450	£329,336	14% below HPI

8 MAGDALENE 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 two 8 MAGDALENE WAY sales from June 2017 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 June 2017 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the February 2021 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 8 MAGDALENE WAY be worth now?

8 MAGDALENE WAY might now be worth an estimated £357,143.

This is based on house price inflation of 15.2%, between February 2021 and December 2024, 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 15.2% inflationary increase is applied to the most recent sale price for 8 MAGDALENE WAY of £310,000 on 24th February 2021. For the value to have increased from £310,000 to £357,143 over the two years and two months to December 2024, the following assumptions must hold true:

• The value of 8 MAGDALENE WAY has moved in line with the HPI for detached houses in the North Devon local authority area.
• The February 2021 sale price of £310,000 represented a fair market value for the property.
• The size, condition, and specification of 8 MAGDALENE WAY has not materially changed since February 2021.

How Large is 8 MAGDALENE WAY?

8 MAGDALENE WAY is 118m² according to the EPC inspection conducted in June 2017. This puts it in the largest 40% 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 8 MAGDALENE WAY lies on this distribution: 67% of detached houses houses are smaller than 8 MAGDALENE WAY, and 31% of houses are larger. Note that EPC data is not available for all properties in South Molton.

8 MAGDALENE WAY: Plot and Title Map

8 MAGDALENE WAY sits on a plot of roughly 0.132 of an acre, or 535m². The below map shows the location of 8 MAGDALENE 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 8 MAGDALENE 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 8 MAGDALENE WAY?

8 MAGDALENE WAY is located in SOUTH MOLTON, in the EX36 postcode district. The below map shows the position of No. 8 on MAGDALENE WAY.