INVERECK, WEST CHALLACOMBE LANE, COMBE MARTIN, ILFRACOMBE, EX34 0HF - £224,767

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.

INVERECK is a midsized extended detached house of 120m², built sometime between 1967 and 1975, which could now be worth an estimated £275,291. It was last sold for £224,767 in March 2020, which was around 38% below the average March 2020 detached price in the North Devon local authority area. The most recent EPC inspection was August 2019, where the current energy rating was D, and the potential energy rating was C.

INVERECK Sold Prices

Land registry data shows two sales for INVERECK 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 INVERECK 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
2020 27 MAR	£224,767	£363,443	38% below HPI
1995 10 NOV	£55,000	£76,307	28% below HPI

INVERECK 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 INVERECK sales from November 1995 and March 2020 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 1995 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the March 2020 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

What might INVERECK be worth now?

INVERECK might now be worth an estimated £275,291.

This is based on house price inflation of 22.5%, between March 2020 and February 2025, for detached houses, in the North Devon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 22.5% inflationary increase is applied to the most recent sale price for INVERECK of £224,767 on 27th March 2020. For the value to have increased from £224,767 to £275,291 over the five years and one month to February 2025, the following assumptions must hold true:

• The value of INVERECK has moved in line with the HPI for detached houses in the North Devon local authority area.
• The March 2020 sale price of £224,767 represented a fair market value for the property.
• The size, condition, and specification of INVERECK has not materially changed since March 2020.

How Large is INVERECK?

INVERECK is 120m², which includes two extensions, according to the EPC inspection conducted in August 2019. This puts it in the largest 40% of detached houses houses in Combe Martin, based on EPC data. The below chart shows the distribution of detached houses houses by size in Combe Martin, and where INVERECK lies on this distribution: 60% of detached houses houses are smaller than INVERECK, and 39% of houses are larger. Note that EPC data is not available for all properties in Combe Martin.

INVERECK: Plot and Title Map

INVERECK sits on a plot of roughly 0.059 of an acre, or 239m². The below map shows the location of INVERECK, 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 INVERECK). 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 INVERECK?

INVERECK is located on WEST CHALLACOMBE LANE in COMBE MARTIN, in the EX34 postcode district. The below map shows the position of INVERECK on WEST CHALLACOMBE LANE.