GORSE HILL, INSTOW, BIDEFORD, EX39 4LX - £800,000

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

GORSE HILL is a very large extended detached house of 224m², built sometime between 1950 and 1966, which could now be worth an estimated £1,259,856. It was last sold for £800,000 in May 2013, which was around 192% above the average May 2013 detached price in the North Devon local authority area. The most recent EPC inspection was October 2022, where the current energy rating was E, and the potential energy rating was C.

GORSE HILL Sold Prices

Land registry data shows two sales for GORSE HILL since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Devon local authority area for the corresponding sale date. Both of the two GORSE HILL 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
2013 22 MAY	£800,000	£273,548	192% above HPI
2003 18 JUL	£390,000	£215,586	81% above HPI

GORSE HILL 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 two GORSE HILL sales from July 2003 and May 2013 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 July 2003 sale was for 81% above the HPI. So the extrapolation line tracks at 81% above the HPI over time, until the May 2013 sale, where it rises to 192% above the HPI. The line then continues to track at 192% above the HPI.

What might GORSE HILL be worth now?

GORSE HILL might now be worth an estimated £1,259,856.

This is based on house price inflation of 57.5%, between May 2013 and December 2024, for detached houses, in the North Devon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 57.5% inflationary increase is applied to the most recent sale price for GORSE HILL of £800,000 on 22nd May 2013. For the value to have increased from £800,000 to £1,259,856 over the ten years and five months to December 2024, the following assumptions must hold true:

• The value of GORSE HILL has moved in line with the HPI for detached houses in the North Devon local authority area.
• The May 2013 sale price of £800,000 represented a fair market value for the property.
• The size, condition, and specification of GORSE HILL has not materially changed since May 2013.

How Large is GORSE HILL?

GORSE HILL is 224m², which includes two extensions, according to the EPC inspection conducted in October 2022. This puts it in the largest 20% of detached houses houses in Instow, based on EPC data. The below chart shows the distribution of detached houses houses by size in Instow, and where GORSE HILL lies on this distribution: 86% of detached houses houses are smaller than GORSE HILL, and 14% of houses are larger. Note that EPC data is not available for all properties in Instow.

GORSE HILL: Plot and Title Map

GORSE HILL sits on a plot of roughly 0.709 of an acre, or 2,870m². The below map shows the location of GORSE HILL, 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 GORSE HILL). 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 GORSE HILL?

GORSE HILL is located in INSTOW, in the EX39 postcode district. The below map shows the position of GORSE HILL in INSTOW.