BACKWATER, STEPSTONE LANE, KNOWLE, BRAUNTON, EX33 2NB - £290,000

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

BACKWATER is a large extended detached house of 130m², built sometime between 1930 and 1949, which could now be worth an estimated £470,885. It was last sold for £290,000 in March 2013, which was around 6% above the average March 2013 detached price in the North Devon local authority area. The most recent EPC inspection was May 2018, where the current energy rating was E, and the potential energy rating was C.

BACKWATER Sold Prices

Land registry data shows two sales for BACKWATER 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 BACKWATER 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
2013 8 MAR	£290,000	£274,144	6% above HPI
2006 13 APR	£300,000	£272,868	10% above HPI

BACKWATER 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 BACKWATER sales from April 2006 and March 2013 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 2006 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the March 2013 sale, where it falls to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might BACKWATER be worth now?

BACKWATER might now be worth an estimated £470,885.

This is based on house price inflation of 62.4%, between March 2013 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 62.4% inflationary increase is applied to the most recent sale price for BACKWATER of £290,000 on 8th March 2013. For the value to have increased from £290,000 to £470,885 over the twelve years and one month to February 2025, the following assumptions must hold true:

• The value of BACKWATER has moved in line with the HPI for detached houses in the North Devon local authority area.
• The March 2013 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of BACKWATER has not materially changed since March 2013.

How Large is BACKWATER?

BACKWATER is 130m², which includes two extensions, according to the EPC inspection conducted in May 2018. This puts it in the largest 40% of detached houses houses in Knowle, based on EPC data. The below chart shows the distribution of detached houses houses by size in Knowle, and where BACKWATER lies on this distribution: 69% of detached houses houses are smaller than BACKWATER, and 31% of houses are larger. Note that EPC data is not available for all properties in Knowle.

BACKWATER: Plot and Title Map

BACKWATER sits on a plot of roughly 0.133 of an acre, or 538m². The below map shows the location of BACKWATER, 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 BACKWATER). 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 BACKWATER?

BACKWATER is located on STEPSTONE LANE in KNOWLE, in the EX33 postcode district. The below map shows the position of BACKWATER on STEPSTONE LANE.