OCEAN VIEW, MILLARDS HILL, INSTOW, BIDEFORD, EX39 4JS - £485,000

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

OCEAN VIEW is a large extended detached house of 163m², built sometime between 1976 and 1982. It was last sold for £485,000 in October 2004, which was around 89% above the average October 2004 detached price in the North Devon local authority area. The most recent EPC inspection was March 2017, where the current energy rating was D, and the potential energy rating was B.

OCEAN VIEW Sold Prices

Land registry data shows two sales for OCEAN VIEW 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 OCEAN VIEW 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
2004 22 OCT	£485,000	£256,511	89% above HPI
2000 15 NOV	£280,000	£127,855	119% above HPI

OCEAN VIEW 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 OCEAN VIEW sales from November 2000 and October 2004 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 November 2000 sale was for 119% above the HPI. So the extrapolation line tracks at 119% above the HPI over time, until the October 2004 sale, where it falls to 89% above the HPI. The line then continues to track at 89% above the HPI.

How Large is OCEAN VIEW?

OCEAN VIEW is 163m², which includes two extensions, according to the EPC inspection conducted in March 2017. This puts it in the largest 40% of detached houses in Instow, based on EPC data. The below chart shows the distribution of detached houses by size in Instow, and where OCEAN VIEW lies on this distribution: 65% of detached houses are smaller than OCEAN VIEW, and 35% of houses are larger. Note that EPC data is not available for all properties in Instow.

OCEAN VIEW: Plot and Title Map

OCEAN VIEW sits on a plot of roughly 0.237 of an acre, or 960m². The below map shows the location of OCEAN VIEW, 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 OCEAN VIEW). 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 OCEAN VIEW?

OCEAN VIEW is located on MILLARDS HILL in INSTOW, in the EX39 postcode district. The below map shows the position of OCEAN VIEW on MILLARDS HILL.