IONA, HATCHMOOR ROAD, TORRINGTON, EX38 7BU - £215,000

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

IONA is a very small extended detached house of 68m², built sometime between 1950 and 1966. It was last sold for £215,000 in August 2015, which was around 27% below the average August 2015 detached price in the Torridge local authority area. The most recent EPC inspection was November 2014, where the current energy rating was D, and the potential energy rating was B.

IONA Sold Prices

Land registry data shows three sales for IONA since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Torridge local authority area for the corresponding sale date. All of the three IONA 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
2015 14 AUG	£215,000	£293,394	27% below HPI
2006 20 SEP	£220,000	£264,371	17% below HPI
2002 8 MAY	£103,500	£150,429	31% below HPI

IONA Price Paid vs. HPI Average

The below graph shows the average detached house price in the Torridge local authority area over time, sourced from the HPI. The three IONA sales between May 2002 and August 2015 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 2006 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the August 2015 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is IONA?

IONA is 68m², which includes one extension, according to the EPC inspection conducted in November 2014. This puts it in the smallest 20% of detached houses in Great Torrington, based on EPC data. The below chart shows the distribution of detached houses by size in Great Torrington, and where IONA lies on this distribution: 10% of detached houses are smaller than IONA, and 89% of houses are larger. Note that EPC data is not available for all properties in Great Torrington.

IONA: Plot and Title Map

IONA sits on a plot of roughly 0.141 of an acre, or 572m². The below map shows the location of IONA, 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 IONA). 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 IONA?

IONA is located on HATCHMOOR ROAD in TORRINGTON, in the EX38 postcode district. The below map shows the position of IONA on HATCHMOOR ROAD.