GRENOLOU, WESTOVER LANE, IVYBRIDGE, PL21 9HJ - £250,000

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

GRENOLOU is a very small detached house of 70m², built sometime between 1950 and 1966. It was last sold for £250,000 in October 2013, which was around 31% below the average October 2013 detached price in the South Hams local authority area. The most recent EPC inspection was July 2010, where the current energy rating was E, and the potential energy rating was D.

GRENOLOU Sold Prices

Land registry data shows three sales for GRENOLOU since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Hams local authority area for the corresponding sale date. All of the three GRENOLOU 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
2013 17 OCT	£250,000	£360,088	31% below HPI
2005 22 DEC	£285,000	£332,044	14% below HPI
1997 14 FEB	£76,500	£103,762	26% below HPI

GRENOLOU 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 three GRENOLOU sales between February 1997 and October 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 December 2005 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the October 2013 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is GRENOLOU?

GRENOLOU is 70m² according to the EPC inspection conducted in July 2010. This puts it in the smallest 10% of detached houses in Ivybridge, based on EPC data. The below chart shows the distribution of detached houses by size in Ivybridge, and where GRENOLOU lies on this distribution: 3% of detached houses are smaller than GRENOLOU, and 97% of houses are larger. Note that EPC data is not available for all properties in Ivybridge.

GRENOLOU: Plot and Title Map

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

GRENOLOU is located on WESTOVER LANE in IVYBRIDGE, in the PL21 postcode district. The below map shows the position of GRENOLOU on WESTOVER LANE.