FLETE EASTERN LODGE, TOTNES ROAD, ERMINGTON, IVYBRIDGE, PL21 9NS - £275,000

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.

FLETE EASTERN LODGE is a very small detached house of 73m², built sometime before 1900, which could now be worth an estimated £396,581. It was last sold for £275,000 in July 2015, which was around 32% below the average July 2015 detached price in the South Hams local authority area. The most recent EPC inspection was February 2011, where the current energy rating was E, and the potential energy rating was E.

FLETE EASTERN LODGE Sold Prices

Land registry data shows four sales for FLETE EASTERN LODGE 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 FLETE EASTERN LODGE 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 31 JUL	£275,000	£404,778	32% below HPI
2007 10 SEP	£315,000	£400,171	21% below HPI
2004 7 MAY	£225,300	£287,918	22% below HPI
1999 15 JAN	£96,000	£123,208	22% below HPI

FLETE EASTERN LODGE 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 FLETE EASTERN LODGE sales between January 1999 and July 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 September 2007 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the July 2015 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

What might FLETE EASTERN LODGE be worth now?

FLETE EASTERN LODGE might now be worth an estimated £396,581.

This is based on house price inflation of 44.2%, between July 2015 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 44.2% inflationary increase is applied to the most recent sale price for FLETE EASTERN LODGE of £275,000 on 31st July 2015. For the value to have increased from £275,000 to £396,581 over the ten years and five months to February 2025, the following assumptions must hold true:

• The value of FLETE EASTERN LODGE has moved in line with the HPI for detached houses in the South Hams local authority area.
• The July 2015 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of FLETE EASTERN LODGE has not materially changed since July 2015.

How Large is FLETE EASTERN LODGE?

FLETE EASTERN LODGE is 73m² according to the EPC inspection conducted in February 2011. This puts it in the smallest 20% of detached houses houses in Ermington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ermington, and where FLETE EASTERN LODGE lies on this distribution: 10% of detached houses houses are smaller than FLETE EASTERN LODGE, and 90% of houses are larger. Note that EPC data is not available for all properties in Ermington.

FLETE EASTERN LODGE: Plot and Title Map

FLETE EASTERN LODGE sits on a plot of roughly 0.083 of an acre, or 335m². The below map shows the location of FLETE EASTERN LODGE, 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 FLETE EASTERN LODGE). 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 FLETE EASTERN LODGE?

FLETE EASTERN LODGE is located on TOTNES ROAD in ERMINGTON, in the PL21 postcode district. The below map shows the position of FLETE EASTERN LODGE on TOTNES ROAD.