LEA BANK, HILLSBOROUGH ROAD, ILFRACOMBE, EX34 9NW - £160,000

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

LEA BANK is a midsized detached house of 112m², built sometime between 1930 and 1949. It was last sold for £160,000 in January 2014, which was around 43% below the average January 2014 detached price in the North Devon local authority area. The most recent EPC inspection was June 2022, where the current energy rating was D, and the potential energy rating was B.

LEA BANK Sold Prices

Land registry data shows four sales for LEA BANK since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the North Devon local authority area for the corresponding sale date. All of the four LEA BANK 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
2014 16 JAN	£160,000	£282,670	43% below HPI
2006 15 NOV	£183,000	£269,803	32% below HPI
2004 2 JUN	£185,000	£243,760	24% below HPI
2001 30 MAR	£86,000	£130,286	34% below HPI

LEA BANK 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 four LEA BANK sales between March 2001 and January 2014 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 2006 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the January 2014 sale, where it falls to 43% below the HPI. The line then continues to track at 43% below the HPI.

How Large is LEA BANK?

LEA BANK is 112m² according to the EPC inspection conducted in June 2022. This puts it in the largest 50% of detached houses in Ilfracombe, based on EPC data. The below chart shows the distribution of detached houses by size in Ilfracombe, and where LEA BANK lies on this distribution: 57% of detached houses are smaller than LEA BANK, and 42% of houses are larger. Note that EPC data is not available for all properties in Ilfracombe.

LEA BANK: Plot and Title Map

LEA BANK sits on a plot of roughly 0.082 of an acre, or 332m². The below map shows the location of LEA BANK, 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 LEA BANK). 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 LEA BANK?

LEA BANK is located on HILLSBOROUGH ROAD in ILFRACOMBE, in the EX34 postcode district. The below map shows the position of LEA BANK on HILLSBOROUGH ROAD.