HILLCREST, CREASE LANE, TAVISTOCK, PL19 8EW - £400,000

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

HILLCREST is a small extended detached house of 102m², built sometime between 1976 and 1982, which could now be worth an estimated £450,902. It was last sold for £400,000 in April 2022, which was around 2% below the average April 2022 detached price in the West Devon local authority area. The most recent EPC inspection was November 2021, where the current energy rating was C, and the potential energy rating was B.

HILLCREST Sold Prices

Land registry data shows four sales for HILLCREST since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the West Devon local authority area for the corresponding sale date. All of the four HILLCREST 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 22 APR	£400,000	£408,088	2% below HPI
2011 2 SEP	£245,000	£290,581	16% below HPI
2009 14 AUG	£240,000	£277,302	13% below HPI
2007 24 AUG	£227,000	£317,618	29% below HPI

HILLCREST Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Devon local authority area over time, sourced from the HPI. The four HILLCREST sales between August 2007 and April 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 September 2011 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the April 2022 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might HILLCREST be worth now?

HILLCREST might now be worth an estimated £450,902.

This is based on house price inflation of 12.7%, between April 2022 and December 2024, for detached houses, in the West Devon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 12.7% inflationary increase is applied to the most recent sale price for HILLCREST of £400,000 on 22nd April 2022. For the value to have increased from £400,000 to £450,902 over the one year and four months to December 2024, the following assumptions must hold true:

• The value of HILLCREST has moved in line with the HPI for detached houses in the West Devon local authority area.
• The April 2022 sale price of £400,000 represented a fair market value for the property.
• The size, condition, and specification of HILLCREST has not materially changed since April 2022.

How Large is HILLCREST?

HILLCREST is 102m², which includes one extension, according to the EPC inspection conducted in November 2021. This puts it in the smallest 40% of detached houses houses in Tavistock, based on EPC data. The below chart shows the distribution of detached houses houses by size in Tavistock, and where HILLCREST lies on this distribution: 33% of detached houses houses are smaller than HILLCREST, and 65% of houses are larger. Note that EPC data is not available for all properties in Tavistock.

HILLCREST: Plot and Title Map

HILLCREST sits on a plot of roughly 0.162 of an acre, or 655m². The below map shows the location of HILLCREST, 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 HILLCREST). 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 HILLCREST?

HILLCREST is located on CREASE LANE in TAVISTOCK, in the PL19 postcode district. The below map shows the position of HILLCREST on CREASE LANE.