NAOMI, GUNSWELL LANE, SOUTH MOLTON, EX36 4DH - £356,000

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.

NAOMI is a very large detached house of 167m², built sometime between 1967 and 1975, which could now be worth an estimated £487,951. It was last sold for £356,000 in October 2016, which was around 10% above the average October 2016 detached price in the North Devon local authority area. The most recent EPC inspection was March 2016, where the current energy rating was F, and the potential energy rating was C.

NAOMI Sold Prices

Land registry data shows two sales for NAOMI 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 NAOMI 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
2016 14 OCT	£356,000	£324,765	10% above HPI
1997 23 APR	£125,000	£83,542	50% above HPI

NAOMI 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 NAOMI sales from April 1997 and October 2016 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 April 1997 sale was for 50% above the HPI. So the extrapolation line tracks at 50% above the HPI over time, until the October 2016 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

What might NAOMI be worth now?

NAOMI might now be worth an estimated £487,951.

This is based on house price inflation of 37.1%, between October 2016 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 37.1% inflationary increase is applied to the most recent sale price for NAOMI of £356,000 on 14th October 2016. For the value to have increased from £356,000 to £487,951 over the nine years and eight months to February 2025, the following assumptions must hold true:

• The value of NAOMI has moved in line with the HPI for detached houses in the North Devon local authority area.
• The October 2016 sale price of £356,000 represented a fair market value for the property.
• The size, condition, and specification of NAOMI has not materially changed since October 2016.

How Large is NAOMI?

NAOMI is 167m² according to the EPC inspection conducted in March 2016. This puts it in the largest 10% of detached houses houses in South Molton, based on EPC data. The below chart shows the distribution of detached houses houses by size in South Molton, and where NAOMI lies on this distribution: 94% of detached houses houses are smaller than NAOMI, and 6% of houses are larger. Note that EPC data is not available for all properties in South Molton.

NAOMI: Plot and Title Map

NAOMI sits on a plot of roughly 0.245 of an acre, or 992m². The below map shows the location of NAOMI, 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 NAOMI). 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 NAOMI?

NAOMI is located on GUNSWELL LANE in SOUTH MOLTON, in the EX36 postcode district. The below map shows the position of NAOMI on GUNSWELL LANE.