FERNBANK HOUSE, TORRS PARK, ILFRACOMBE, EX34 8AZ - £470,000

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

FERNBANK HOUSE is a very large extended detached house of 281m², built sometime between 1900 and 1929. It was last sold for £470,000 in March 2024, which was around 14% above the average March 2024 detached price in the North Devon local authority area. The most recent EPC inspection was August 2023, where the current energy rating was E, and the potential energy rating was C.

FERNBANK HOUSE Sold Prices

Land registry data shows three sales for FERNBANK HOUSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Devon local authority area for the corresponding sale date. All of the three FERNBANK 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
2024 28 MAR	£470,000	£413,011	14% above HPI
2003 19 NOV	£310,000	£215,769	44% above HPI
1996 4 JUN	£147,000	£74,163	98% above HPI

FERNBANK HOUSE 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 three FERNBANK HOUSE sales between June 1996 and March 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 November 2003 sale was for 44% above the HPI. So the extrapolation line tracks at 44% above the HPI over time, until the March 2024 sale, where it falls to 14% above the HPI. The line then continues to track at 14% above the HPI.

How Large is FERNBANK HOUSE?

FERNBANK HOUSE is 281m², which includes three extensions, according to the EPC inspection conducted in August 2023. This puts it in the largest 10% of detached houses in Ilfracombe, based on EPC data. The below chart shows the distribution of detached houses by size in Ilfracombe, and where FERNBANK HOUSE lies on this distribution: 97% of detached houses are smaller than FERNBANK HOUSE, and 3% of houses are larger. Note that EPC data is not available for all properties in Ilfracombe.

FERNBANK HOUSE: Plot and Title Map

FERNBANK HOUSE sits on a plot of roughly 0.236 of an acre, or 955m². The below map shows the location of FERNBANK 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 FERNBANK 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 FERNBANK HOUSE?

FERNBANK HOUSE is located on TORRS PARK in ILFRACOMBE, in the EX34 postcode district. The below map shows the position of FERNBANK HOUSE on TORRS PARK.