OLD SMITHY, STATION ROAD, NORTHLEW, OKEHAMPTON, EX20 3BN - £210,000

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.

OLD SMITHY is a large extended detached house of 113m², built sometime between 1983 and 1990, which could now be worth an estimated £280,117. It was last sold for £210,000 in May 2018, which was around 39% below the average May 2018 detached price in the West Devon local authority area. The most recent EPC inspection was November 2017, where the current energy rating was F, and the potential energy rating was D.

OLD SMITHY Sold Prices

Land registry data shows three sales for OLD SMITHY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Devon local authority area for the corresponding sale date. All of the three OLD SMITHY sales were for below 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
2018 15 MAY	£210,000	£343,817	39% below HPI
1996 18 NOV	£62,500	£92,215	32% below HPI
1995 24 NOV	£53,000	£81,542	35% below HPI

OLD SMITHY 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 three OLD SMITHY sales between November 1995 and May 2018 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 1996 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the May 2018 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

What might OLD SMITHY be worth now?

OLD SMITHY might now be worth an estimated £280,117.

This is based on house price inflation of 33.4%, between May 2018 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 33.4% inflationary increase is applied to the most recent sale price for OLD SMITHY of £210,000 on 15th May 2018. For the value to have increased from £210,000 to £280,117 over the seven years and three months to February 2025, the following assumptions must hold true:

• The value of OLD SMITHY has moved in line with the HPI for detached houses in the West Devon local authority area.
• The May 2018 sale price of £210,000 represented a fair market value for the property.
• The size, condition, and specification of OLD SMITHY has not materially changed since May 2018.

How Large is OLD SMITHY?

OLD SMITHY is 113m², which includes one extension, according to the EPC inspection conducted in November 2017. This puts it in the largest 40% of detached houses houses in Northlew, based on EPC data. The below chart shows the distribution of detached houses houses by size in Northlew, and where OLD SMITHY lies on this distribution: 69% of detached houses houses are smaller than OLD SMITHY, and 31% of houses are larger. Note that EPC data is not available for all properties in Northlew.

OLD SMITHY: Plot and Title Map

OLD SMITHY sits on a plot of roughly 0.069 of an acre, or 281m². The below map shows the location of OLD SMITHY, 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 OLD SMITHY). 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 OLD SMITHY?

OLD SMITHY is located on STATION ROAD in NORTHLEW, in the EX20 postcode district. The below map shows the position of OLD SMITHY on STATION ROAD.