LOWER GORWELL LODGE, GOODLEIGH ROAD, BARNSTAPLE, EX32 7JP - £345,000

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.

LOWER GORWELL LODGE is a very large extended detached house of 178m², built sometime before 1900, which could now be worth an estimated £485,830. It was last sold for £345,000 in November 2015, which was around 9% above the average November 2015 detached price in the North Devon local authority area. The most recent EPC inspection was July 2014, where the current energy rating was D, and the potential energy rating was B.

LOWER GORWELL LODGE Sold Prices

Land registry data shows two sales for LOWER GORWELL LODGE 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. One of the two LOWER GORWELL LODGE sales was for above the average price, whilst the other was 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 6 NOV	£345,000	£316,104	9% above HPI
2002 15 FEB	£135,000	£152,499	11% below HPI

LOWER GORWELL LODGE 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 LOWER GORWELL LODGE sales from February 2002 and November 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 February 2002 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the November 2015 sale, where it rises to 9% above the HPI. The line then continues to track at 9% above the HPI.

What might LOWER GORWELL LODGE be worth now?

LOWER GORWELL LODGE might now be worth an estimated £485,830.

This is based on house price inflation of 40.8%, between November 2015 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 40.8% inflationary increase is applied to the most recent sale price for LOWER GORWELL LODGE of £345,000 on 6th November 2015. For the value to have increased from £345,000 to £485,830 over the ten years and nine months to February 2025, the following assumptions must hold true:

• The value of LOWER GORWELL LODGE has moved in line with the HPI for detached houses in the North Devon local authority area.
• The November 2015 sale price of £345,000 represented a fair market value for the property.
• The size, condition, and specification of LOWER GORWELL LODGE has not materially changed since November 2015.

How Large is LOWER GORWELL LODGE?

LOWER GORWELL LODGE is 178m², which includes three extensions, according to the EPC inspection conducted in July 2014. This puts it in the largest 10% of detached houses houses in Barnstaple, based on EPC data. The below chart shows the distribution of detached houses houses by size in Barnstaple, and where LOWER GORWELL LODGE lies on this distribution: 92% of detached houses houses are smaller than LOWER GORWELL LODGE, and 8% of houses are larger. Note that EPC data is not available for all properties in Barnstaple.

LOWER GORWELL LODGE: Plot and Title Map

LOWER GORWELL LODGE sits on a plot of roughly 0.226 of an acre, or 915m². The below map shows the location of LOWER GORWELL LODGE, 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 LOWER GORWELL LODGE). 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 LOWER GORWELL LODGE?

LOWER GORWELL LODGE is located on GOODLEIGH ROAD in BARNSTAPLE, in the EX32 postcode district. The below map shows the position of LOWER GORWELL LODGE on GOODLEIGH ROAD.