MILL LODGE, LOWER PARK ROAD, BRAUNTON, EX33 2LQ - £480,000

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

MILL LODGE is a large extended detached house of 122m², built sometime between 1950 and 1966. It was last sold for £480,000 in December 2011, which was around 70% above the average December 2011 detached price in the North Devon local authority area. The most recent EPC inspection was August 2011, where the current energy rating was E, and the potential energy rating was D.

MILL LODGE Sold Prices

Land registry data shows three sales for MILL LODGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Devon local authority area for the corresponding sale date. All of the three MILL LODGE 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
2011 16 DEC	£480,000	£282,134	70% above HPI
2005 24 MAY	£435,000	£258,358	68% above HPI
1995 24 JAN	£127,500	£70,239	82% above HPI

MILL 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 three MILL LODGE sales between January 1995 and December 2011 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 May 2005 sale was for 68% above the HPI. So the extrapolation line tracks at 68% above the HPI over time, until the December 2011 sale, where it rises to 70% above the HPI. The line then continues to track at 70% above the HPI.

How Large is MILL LODGE?

MILL LODGE is 122m², which includes one extension, according to the EPC inspection conducted in August 2011. This puts it in the largest 40% of detached houses in Braunton, based on EPC data. The below chart shows the distribution of detached houses by size in Braunton, and where MILL LODGE lies on this distribution: 69% of detached houses are smaller than MILL LODGE, and 31% of houses are larger. Note that EPC data is not available for all properties in Braunton.

MILL LODGE: Plot and Title Map

MILL LODGE sits on a plot of roughly 0.343 of an acre, or 1,389m². The below map shows the location of MILL 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 MILL 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 MILL LODGE?

MILL LODGE is located on LOWER PARK ROAD in BRAUNTON, in the EX33 postcode district. The below map shows the position of MILL LODGE on LOWER PARK ROAD.