MELVILLE COTTAGE, HEYWOOD ROAD, NORTHAM, BIDEFORD, EX39 3QB - £225,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

MELVILLE COTTAGE is a large extended detached house of 119m², built sometime before 1900. It was last sold for £225,000 in July 2015, which was around 22% below the average July 2015 detached price in the Torridge local authority area. The most recent EPC inspection was October 2023, where the current energy rating was D, and the potential energy rating was B.

MELVILLE COTTAGE Sold Prices

Land registry data shows two sales for MELVILLE COTTAGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Torridge local authority area for the corresponding sale date. Both of the two MELVILLE COTTAGE 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
2015 20 JUL	£225,000	£287,854	22% below HPI
2011 24 OCT	£200,000	£269,561	26% below HPI

MELVILLE COTTAGE 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 two MELVILLE COTTAGE sales from October 2011 and July 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 October 2011 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the July 2015 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is MELVILLE COTTAGE?

MELVILLE COTTAGE is 119m², which includes two extensions, according to the EPC inspection conducted in October 2023. This puts it in the largest 40% of detached houses in Northam, based on EPC data. The below chart shows the distribution of detached houses by size in Northam, and where MELVILLE COTTAGE lies on this distribution: 62% of detached houses are smaller than MELVILLE COTTAGE, and 38% of houses are larger. Note that EPC data is not available for all properties in Northam.

MELVILLE COTTAGE: Plot and Title Map

MELVILLE COTTAGE sits on a plot of roughly 0.022 of an acre, or 90m². The below map shows the location of MELVILLE COTTAGE, 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 MELVILLE COTTAGE). 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 MELVILLE COTTAGE?

MELVILLE COTTAGE is located on HEYWOOD ROAD in NORTHAM, in the EX39 postcode district. The below map shows the position of MELVILLE COTTAGE on HEYWOOD ROAD.