HIGH BANKS, LEIGH ROAD, CHULMLEIGH, EX18 7BL - £572,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

HIGH BANKS is a very large detached house of 159m², built sometime between 1950 and 1966. It was last sold for £572,000 in August 2022, which was around 27% above the average August 2022 detached price in the North Devon local authority area. The most recent EPC inspection was November 2016, where the current energy rating was D, and the potential energy rating was C.

HIGH BANKS Sold Prices

Land registry data shows two sales for HIGH BANKS 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 HIGH BANKS 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
2022 26 AUG	£572,000	£449,803	27% above HPI
2016 10 JUN	£395,000	£299,590	32% above HPI

HIGH BANKS 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 HIGH BANKS sales from June 2016 and August 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 June 2016 sale was for 32% above the HPI. So the extrapolation line tracks at 32% above the HPI over time, until the August 2022 sale, where it falls to 27% above the HPI. The line then continues to track at 27% above the HPI.

How Large is HIGH BANKS?

HIGH BANKS is 159m² according to the EPC inspection conducted in November 2016. This puts it in the largest 20% of detached houses in Chulmleigh, based on EPC data. The below chart shows the distribution of detached houses by size in Chulmleigh, and where HIGH BANKS lies on this distribution: 87% of detached houses are smaller than HIGH BANKS, and 13% of houses are larger. Note that EPC data is not available for all properties in Chulmleigh.

HIGH BANKS: Plot and Title Map

HIGH BANKS sits on a plot of roughly 0.328 of an acre, or 1,327m². The below map shows the location of HIGH BANKS, 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 HIGH BANKS). 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 HIGH BANKS?

HIGH BANKS is located on LEIGH ROAD in CHULMLEIGH, in the EX18 postcode district. The below map shows the position of HIGH BANKS on LEIGH ROAD.