MATRIX, NORMANS WAY, ILFRACOMBE, EX34 9JN - £227,500

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

MATRIX is a large detached house of 125m², built sometime between 1976 and 1982. It was last sold for £227,500 in September 2007, which was around 23% below the average September 2007 detached price in the North Devon local authority area. The most recent EPC inspection was January 2016, where the current energy rating was B, and the potential energy rating was A.

MATRIX Sold Prices

Land registry data shows two sales for MATRIX 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. Both of the two MATRIX 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
2007 7 SEP	£227,500	£294,550	23% below HPI
2000 21 JAN	£65,000	£106,470	39% below HPI

MATRIX 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 MATRIX sales from January 2000 and September 2007 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 January 2000 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the September 2007 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is MATRIX?

MATRIX is 125m² according to the EPC inspection conducted in January 2016. This puts it in the largest 40% of detached houses in Ilfracombe, based on EPC data. The below chart shows the distribution of detached houses by size in Ilfracombe, and where MATRIX lies on this distribution: 66% of detached houses are smaller than MATRIX, and 34% of houses are larger. Note that EPC data is not available for all properties in Ilfracombe.

MATRIX: Plot and Title Map

MATRIX sits on a plot of roughly 0.141 of an acre, or 569m². The below map shows the location of MATRIX, 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 MATRIX). 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 MATRIX?

MATRIX is located on NORMANS WAY in ILFRACOMBE, in the EX34 postcode district. The below map shows the position of MATRIX on NORMANS WAY.