GREENBANK, PARK HILL ROAD, ILFRACOMBE, EX34 8HL - £360,000

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

GREENBANK is a midsized detached house of 92m², built sometime between 1967 and 1975. It was last sold for £360,000 in December 2022, which was around 19% below the average December 2022 detached price in the North Devon local authority area. The most recent EPC inspection was April 2014, where the current energy rating was D, and the potential energy rating was B.

GREENBANK Sold Prices

Land registry data shows four sales for GREENBANK since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the North Devon local authority area for the corresponding sale date. All of the four GREENBANK 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
2022 1 DEC	£360,000	£446,355	19% below HPI
2003 6 NOV	£185,000	£215,769	14% below HPI
1999 15 NOV	£87,500	£112,592	22% below HPI
1998 1 JUL	£72,000	£93,509	23% below HPI

GREENBANK 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 four GREENBANK sales between July 1998 and December 2022 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 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the December 2022 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is GREENBANK?

GREENBANK is 92m² according to the EPC inspection conducted in April 2014. This puts it in the smallest 50% of detached houses in Ilfracombe, based on EPC data. The below chart shows the distribution of detached houses by size in Ilfracombe, and where GREENBANK lies on this distribution: 40% of detached houses are smaller than GREENBANK, and 59% of houses are larger. Note that EPC data is not available for all properties in Ilfracombe.

GREENBANK: Plot and Title Map

GREENBANK sits on a plot of roughly 0.194 of an acre, or 784m². The below map shows the location of GREENBANK, 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 GREENBANK). 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 GREENBANK?

GREENBANK is located on PARK HILL ROAD in ILFRACOMBE, in the EX34 postcode district. The below map shows the position of GREENBANK on PARK HILL ROAD.