FERNBANK, STATION ROAD, NORTHLEW, OKEHAMPTON, EX20 3BN - £265,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

FERNBANK is a very large extended detached house of 139m², built sometime between 1967 and 1975, which could now be worth an estimated £390,069. It was last sold for £265,000 in April 2015, which was around 15% below the average April 2015 detached price in the West Devon local authority area. The most recent EPC inspection was October 2014, where the current energy rating was F, and the potential energy rating was B.

FERNBANK Sold Prices

Land registry data shows three sales for FERNBANK since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Devon local authority area for the corresponding sale date. All of the three FERNBANK 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
2015 13 APR	£265,000	£311,567	15% below HPI
2005 21 JAN	£152,000	£275,706	45% below HPI
2003 20 MAY	£188,000	£222,548	16% below HPI

FERNBANK 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 three FERNBANK sales between May 2003 and April 2015 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 January 2005 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the April 2015 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might FERNBANK be worth now?

FERNBANK might now be worth an estimated £390,069.

This is based on house price inflation of 47.2%, between April 2015 and February 2025, for detached houses, in the West Devon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 47.2% inflationary increase is applied to the most recent sale price for FERNBANK of £265,000 on 13th April 2015. For the value to have increased from £265,000 to £390,069 over the ten years and two months to February 2025, the following assumptions must hold true:

• The value of FERNBANK has moved in line with the HPI for detached houses in the West Devon local authority area.
• The April 2015 sale price of £265,000 represented a fair market value for the property.
• The size, condition, and specification of FERNBANK has not materially changed since April 2015.

How Large is FERNBANK?

FERNBANK is 139m², which includes three extensions, according to the EPC inspection conducted in October 2014. This puts it in the largest 20% of detached houses houses in Northlew, based on EPC data. The below chart shows the distribution of detached houses houses by size in Northlew, and where FERNBANK lies on this distribution: 81% of detached houses houses are smaller than FERNBANK, and 19% of houses are larger. Note that EPC data is not available for all properties in Northlew.

FERNBANK: Plot and Title Map

FERNBANK sits on a plot of roughly 0.153 of an acre, or 621m². The below map shows the location of FERNBANK, 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). 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?

FERNBANK is located on STATION ROAD in NORTHLEW, in the EX20 postcode district. The below map shows the position of FERNBANK on STATION ROAD.