LAKENHAM REST, LAKENHAM HILL, NORTHAM, BIDEFORD, EX39 1JH - £485,000

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.

LAKENHAM REST is a large detached house of 120m², built sometime between 1950 and 1966, which could now be worth an estimated £486,569. It was last sold for £485,000 in January 2022, which was around 21% above the average January 2022 detached price in the Torridge local authority area. The most recent EPC inspection was July 2021, where the current energy rating was D, and the potential energy rating was C.

LAKENHAM REST Sold Prices

Land registry data shows four sales for LAKENHAM REST since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Torridge local authority area for the corresponding sale date. All of the four LAKENHAM REST sales were for above 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 31 JAN	£485,000	£401,918	21% above HPI
2010 29 OCT	£285,000	£259,157	10% above HPI
2007 31 AUG	£315,000	£272,550	16% above HPI
2005 2 FEB	£236,000	£231,747	2% above HPI

LAKENHAM REST 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 four LAKENHAM REST sales between February 2005 and January 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 October 2010 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the January 2022 sale, where it rises to 21% above the HPI. The line then continues to track at 21% above the HPI.

What might LAKENHAM REST be worth now?

LAKENHAM REST might now be worth an estimated £486,569.

This is based on house price inflation of 0.3%, between January 2022 and February 2025, for detached houses, in the Torridge local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 0.3% inflationary increase is applied to the most recent sale price for LAKENHAM REST of £485,000 on 31st January 2022. For the value to have increased from £485,000 to £486,569 over the two years and eleven months to February 2025, the following assumptions must hold true:

• The value of LAKENHAM REST has moved in line with the HPI for detached houses in the Torridge local authority area.
• The January 2022 sale price of £485,000 represented a fair market value for the property.
• The size, condition, and specification of LAKENHAM REST has not materially changed since January 2022.

How Large is LAKENHAM REST?

LAKENHAM REST is 120m² according to the EPC inspection conducted in July 2021. This puts it in the largest 40% of detached houses houses in Northam, based on EPC data. The below chart shows the distribution of detached houses houses by size in Northam, and where LAKENHAM REST lies on this distribution: 63% of detached houses houses are smaller than LAKENHAM REST, and 36% of houses are larger. Note that EPC data is not available for all properties in Northam.

LAKENHAM REST: Plot and Title Map

LAKENHAM REST sits on a plot of roughly 0.102 of an acre, or 414m². The below map shows the location of LAKENHAM REST, 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 LAKENHAM REST). 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 LAKENHAM REST?

LAKENHAM REST is located on LAKENHAM HILL in NORTHAM, in the EX39 postcode district. The below map shows the position of LAKENHAM REST on LAKENHAM HILL.