MILL PARK, PARRACOMBE, BARNSTAPLE, EX31 4PE - £349,950

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

MILL PARK is a midsized detached house of 144m², built sometime between 1976 and 1982, which could now be worth an estimated £530,184. It was last sold for £349,950 in August 2010, which was around 23% above the average August 2010 detached price in the North Devon local authority area. The most recent EPC inspection was April 2010, where the current energy rating was E, and the potential energy rating was D.

MILL PARK Sold Prices

Land registry data shows two sales for MILL PARK 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 MILL PARK 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
2010 23 AUG	£349,950	£284,344	23% above HPI
1996 27 MAR	£80,000	£76,814	4% above HPI

MILL PARK 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 MILL PARK sales from March 1996 and August 2010 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 March 1996 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the August 2010 sale, where it rises to 23% above the HPI. The line then continues to track at 23% above the HPI.

What might MILL PARK be worth now?

MILL PARK might now be worth an estimated £530,184.

This is based on house price inflation of 51.5%, between August 2010 and December 2024, 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 51.5% inflationary increase is applied to the most recent sale price for MILL PARK of £349,950 on 23rd August 2010. For the value to have increased from £349,950 to £530,184 over the thirteen years and eight months to December 2024, the following assumptions must hold true:

• The value of MILL PARK has moved in line with the HPI for detached houses in the North Devon local authority area.
• The August 2010 sale price of £349,950 represented a fair market value for the property.
• The size, condition, and specification of MILL PARK has not materially changed since August 2010.

How Large is MILL PARK?

MILL PARK is 144m² according to the EPC inspection conducted in April 2010. This puts it in the largest 50% of detached houses houses in Parracombe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Parracombe, and where MILL PARK lies on this distribution: 56% of detached houses houses are smaller than MILL PARK, and 44% of houses are larger. Note that EPC data is not available for all properties in Parracombe.

MILL PARK: Plot and Title Map

MILL PARK sits on a plot of roughly 0.195 of an acre, or 788m². The below map shows the location of MILL PARK, 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 PARK). 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 PARK?

MILL PARK is located in PARRACOMBE, in the EX31 postcode district. The below map shows the position of MILL PARK in PARRACOMBE.