CHERRYDENE, CHAPEL LANE, COMBE MARTIN, ILFRACOMBE, EX34 0HJ - £350,000

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

CHERRYDENE is a very small extended detached house of 75m², built sometime between 1930 and 1949. It was last sold for £350,000 in January 2022, which was around 16% below the average January 2022 detached price in the North Devon local authority area. The most recent EPC inspection was July 2021, where the current energy rating was D, and the potential energy rating was C.

CHERRYDENE Sold Prices

Land registry data shows two sales for CHERRYDENE 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 CHERRYDENE 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
2022 24 JAN	£350,000	£415,394	16% below HPI
1999 7 JUL	£77,950	£102,906	24% below HPI

CHERRYDENE 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 CHERRYDENE sales from July 1999 and January 2022 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 July 1999 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the January 2022 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is CHERRYDENE?

CHERRYDENE is 75m², which includes four extensions, according to the EPC inspection conducted in July 2021. This puts it in the smallest 20% of detached houses in Combe Martin, based on EPC data. The below chart shows the distribution of detached houses by size in Combe Martin, and where CHERRYDENE lies on this distribution: 13% of detached houses are smaller than CHERRYDENE, and 85% of houses are larger. Note that EPC data is not available for all properties in Combe Martin.

CHERRYDENE: Plot and Title Map

CHERRYDENE sits on a plot of roughly 0.142 of an acre, or 576m². The below map shows the location of CHERRYDENE, 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 CHERRYDENE). 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 CHERRYDENE?

CHERRYDENE is located on CHAPEL LANE in COMBE MARTIN, in the EX34 postcode district. The below map shows the position of CHERRYDENE on CHAPEL LANE.