DRAKE HOUSE, HOPE COVE, KINGSBRIDGE, TQ7 3HY - £1,650,000

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

DRAKE HOUSE is a very large extended detached house of 373m², built sometime between 1900 and 1929, which could now be worth an estimated £1,877,375. It was last sold for £1,650,000 in March 2021, which was around 222% above the average March 2021 detached price in the South Hams local authority area. The most recent EPC inspection was January 2018, where the current energy rating was F, and the potential energy rating was D.

DRAKE HOUSE Sold Prices

Land registry data shows four sales for DRAKE HOUSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the South Hams local authority area for the corresponding sale date. All of the four DRAKE HOUSE 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
2021 26 MAR	£1,650,000	£513,037	222% above HPI
2010 20 DEC	£1,200,000	£391,114	207% above HPI
2007 16 FEB	£1,100,000	£373,363	195% above HPI
1999 4 OCT	£385,000	£145,112	165% above HPI

DRAKE HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Hams local authority area over time, sourced from the HPI. The four DRAKE HOUSE sales between October 1999 and March 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 December 2010 sale was for 207% above the HPI. So the extrapolation line tracks at 207% above the HPI over time, until the March 2021 sale, where it rises to 222% above the HPI. The line then continues to track at 222% above the HPI.

What might DRAKE HOUSE be worth now?

DRAKE HOUSE might now be worth an estimated £1,877,375.

This is based on house price inflation of 13.8%, between March 2021 and February 2025, for detached houses, in the South Hams local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 13.8% inflationary increase is applied to the most recent sale price for DRAKE HOUSE of £1,650,000 on 26th March 2021. For the value to have increased from £1,650,000 to £1,877,375 over the four years and one month to February 2025, the following assumptions must hold true:

• The value of DRAKE HOUSE has moved in line with the HPI for detached houses in the South Hams local authority area.
• The March 2021 sale price of £1,650,000 represented a fair market value for the property.
• The size, condition, and specification of DRAKE HOUSE has not materially changed since March 2021.

How Large is DRAKE HOUSE?

DRAKE HOUSE is 373m², which includes three extensions, according to the EPC inspection conducted in January 2018. This puts it in the largest 10% of detached houses houses in Outer Hope, based on EPC data. The below chart shows the distribution of detached houses houses by size in Outer Hope, and where DRAKE HOUSE lies on this distribution: More than 99% of detached houses houses are smaller than DRAKE HOUSE, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Outer Hope.

DRAKE HOUSE: Plot and Title Map

DRAKE HOUSE sits on a plot of roughly 0.481 of an acre, or 1,946m². The below map shows the location of DRAKE HOUSE, 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 DRAKE HOUSE). 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 DRAKE HOUSE?

DRAKE HOUSE is located in HOPE COVE, in the TQ7 postcode district. The below map shows the position of DRAKE HOUSE in HOPE COVE.