HOMELEIGH, DARKEY LANE, LIFTON, PL16 0DY - £320,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

HOMELEIGH is a small extended detached house of 94m², built sometime between 1950 and 1966, which could now be worth an estimated £378,776. It was last sold for £320,000 in June 2021, which was around 17% below the average June 2021 detached price in the West Devon local authority area. The most recent EPC inspection was February 2021, where the current energy rating was E, and the potential energy rating was D.

HOMELEIGH Sold Prices

Land registry data shows three sales for HOMELEIGH since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Devon local authority area for the corresponding sale date. All of the three HOMELEIGH 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
2021 11 JUN	£320,000	£387,449	17% below HPI
2018 26 JAN	£226,000	£359,950	37% below HPI
1995 6 JUN	£52,500	£82,373	36% below HPI

HOMELEIGH 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 three HOMELEIGH sales between June 1995 and June 2021 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 January 2018 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the June 2021 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might HOMELEIGH be worth now?

HOMELEIGH might now be worth an estimated £378,776.

This is based on house price inflation of 18.4%, between June 2021 and February 2025, 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 18.4% inflationary increase is applied to the most recent sale price for HOMELEIGH of £320,000 on 11th June 2021. For the value to have increased from £320,000 to £378,776 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of HOMELEIGH has moved in line with the HPI for detached houses in the West Devon local authority area.
• The June 2021 sale price of £320,000 represented a fair market value for the property.
• The size, condition, and specification of HOMELEIGH has not materially changed since June 2021.

How Large is HOMELEIGH?

HOMELEIGH is 94m², which includes four extensions, according to the EPC inspection conducted in February 2021. This puts it in the smallest 30% of detached houses houses in Lifton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lifton, and where HOMELEIGH lies on this distribution: 28% of detached houses houses are smaller than HOMELEIGH, and 72% of houses are larger. Note that EPC data is not available for all properties in Lifton.

HOMELEIGH: Plot and Title Map

HOMELEIGH sits on a plot of roughly 0.107 of an acre, or 431m². The below map shows the location of HOMELEIGH, 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 HOMELEIGH). 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 HOMELEIGH?

HOMELEIGH is located on DARKEY LANE in LIFTON, in the PL16 postcode district. The below map shows the position of HOMELEIGH on DARKEY LANE.