FAIRMEAD, MEAVY LANE, YELVERTON, PL20 6AE - £475,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

FAIRMEAD is a very small extended detached house of 95m², built sometime between 1950 and 1966. It was last sold for £475,000 in January 2024, which was around 8% above the average January 2024 detached price in the West Devon local authority area. The most recent EPC inspection was July 2022, where the current energy rating was D, and the potential energy rating was C.

FAIRMEAD Sold Prices

Land registry data shows four sales for FAIRMEAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the West Devon local authority area for the corresponding sale date. Most of the four FAIRMEAD 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
2024 8 JAN	£475,000	£439,263	8% above HPI
2005 22 MAR	£273,000	£266,802	2% above HPI
2003 22 JUL	£250,000	£227,138	10% above HPI
1998 21 OCT	£100,000	£108,465	8% below HPI

FAIRMEAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Devon local authority area over time, sourced from the HPI. The four FAIRMEAD sales between October 1998 and January 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 2005 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the January 2024 sale, where it rises to 8% above the HPI. The line then continues to track at 8% above the HPI.

How Large is FAIRMEAD?

FAIRMEAD is 95m², which includes one extension, according to the EPC inspection conducted in July 2022. This puts it in the smallest 20% of detached houses in Yelverton, based on EPC data. The below chart shows the distribution of detached houses by size in Yelverton, and where FAIRMEAD lies on this distribution: 11% of detached houses are smaller than FAIRMEAD, and 88% of houses are larger. Note that EPC data is not available for all properties in Yelverton.

FAIRMEAD: Plot and Title Map

FAIRMEAD sits on a plot of roughly 0.107 of an acre, or 432m². The below map shows the location of FAIRMEAD, 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 FAIRMEAD). 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 FAIRMEAD?

FAIRMEAD is located on MEAVY LANE in YELVERTON, in the PL20 postcode district. The below map shows the position of FAIRMEAD on MEAVY LANE.