NEW MILL HOUSE, PHOENIX MILL, HORRABRIDGE, YELVERTON, PL20 7TA - £470,000

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.

NEW MILL HOUSE is a very large extended detached house of 159m², built sometime between 2007 and 2011, which could now be worth an estimated £513,068. It was last sold for £470,000 in May 2024, which was around 12% above the average May 2024 detached price in the West Devon local authority area. The most recent EPC inspection was March 2023, where the current energy rating was A, and the potential energy rating was A.

NEW MILL HOUSE Sold Prices

Land registry data shows two sales for NEW MILL HOUSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Devon local authority area for the corresponding sale date. Both of the two NEW MILL HOUSE 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
2024 15 MAY	£470,000	£420,117	12% above HPI
2013 7 JUN	£319,000	£278,858	14% above HPI

NEW MILL HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Devon local authority area over time, sourced from the HPI. The two NEW MILL HOUSE sales from June 2013 and May 2024 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 June 2013 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the May 2024 sale, where it falls to 12% above the HPI. The line then continues to track at 12% above the HPI.

What might NEW MILL HOUSE be worth now?

NEW MILL HOUSE might now be worth an estimated £513,068.

This is based on house price inflation of 9.2%, between May 2024 and February 2025, for detached houses, in the West Devon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 9.2% inflationary increase is applied to the most recent sale price for NEW MILL HOUSE of £470,000 on 15th May 2024. For the value to have increased from £470,000 to £513,068 over the one year and three months to February 2025, the following assumptions must hold true:

• The value of NEW MILL HOUSE has moved in line with the HPI for detached houses in the West Devon local authority area.
• The May 2024 sale price of £470,000 represented a fair market value for the property.
• The size, condition, and specification of NEW MILL HOUSE has not materially changed since May 2024.

How Large is NEW MILL HOUSE?

NEW MILL HOUSE is 159m², which includes one extension, according to the EPC inspection conducted in March 2023. This puts it in the largest 20% of detached houses houses in Horrabridge, based on EPC data. The below chart shows the distribution of detached houses houses by size in Horrabridge, and where NEW MILL HOUSE lies on this distribution: 85% of detached houses houses are smaller than NEW MILL HOUSE, and 15% of houses are larger. Note that EPC data is not available for all properties in Horrabridge.

NEW MILL HOUSE: Plot and Title Map

NEW MILL HOUSE sits on a plot of roughly 0.091 of an acre, or 369m². The below map shows the location of NEW MILL HOUSE, 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 NEW MILL HOUSE). 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 NEW MILL HOUSE?

NEW MILL HOUSE, PHOENIX MILL is located in HORRABRIDGE, in the PL20 postcode district. The below map shows the position of NEW MILL HOUSE, PHOENIX MILL in HORRABRIDGE.