KORU TOR, CASTLE ROAD, OKEHAMPTON, EX20 1HZ - £193,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

KORU TOR is a very small extended detached house of 65m², built sometime between 1967 and 1975. It was last sold for £193,000 in May 2020, which was around 44% below the average May 2020 detached price in the West Devon local authority area. The most recent EPC inspection was March 2017, where the current energy rating was D, and the potential energy rating was B.

KORU TOR Sold Prices

Land registry data shows three sales for KORU TOR 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 KORU TOR 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 29 MAY	£193,000	£345,951	44% below HPI
2017 20 JUN	£188,000	£332,885	44% below HPI
2006 1 NOV	£145,000	£296,202	51% below HPI

KORU TOR 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 KORU TOR sales between November 2006 and May 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 June 2017 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the May 2020 sale, which was also at 44% below the HPI.

How Large is KORU TOR?

KORU TOR is 65m², which includes one extension, according to the EPC inspection conducted in March 2017. This puts it in the smallest 10% of detached houses in Okehampton, based on EPC data. The below chart shows the distribution of detached houses by size in Okehampton, and where KORU TOR lies on this distribution: 2% of detached houses are smaller than KORU TOR, and 98% of houses are larger. Note that EPC data is not available for all properties in Okehampton.

KORU TOR: Plot and Title Map

KORU TOR sits on a plot of roughly 0.067 of an acre, or 270m². The below map shows the location of KORU TOR, 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 KORU TOR). 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 KORU TOR?

KORU TOR is located on CASTLE ROAD in OKEHAMPTON, in the EX20 postcode district. The below map shows the position of KORU TOR on CASTLE ROAD.