PINE LODGE, FREMINGTON, BARNSTAPLE, EX31 2NT - £425,000

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

PINE LODGE is a large extended detached house of 121m², built sometime between 1983 and 1990. It was last sold for £425,000 in May 2022, which was around 2% above the average May 2022 detached price in the North Devon local authority area. The most recent EPC inspection was February 2015, where the current energy rating was C, and the potential energy rating was B.

PINE LODGE Sold Prices

Land registry data shows four sales for PINE LODGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the North Devon local authority area for the corresponding sale date. All of the four PINE LODGE 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
2022 26 MAY	£425,000	£417,694	2% above HPI
2015 1 MAY	£320,000	£301,790	6% above HPI
2000 10 AUG	£137,000	£128,547	7% above HPI
1998 25 JUN	£108,750	£94,448	15% above HPI

PINE LODGE 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 four PINE LODGE sales between June 1998 and May 2022 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 May 2015 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the May 2022 sale, where it falls to 2% above the HPI. The line then continues to track at 2% above the HPI.

How Large is PINE LODGE?

PINE LODGE is 121m², which includes one extension, according to the EPC inspection conducted in February 2015. This puts it in the largest 30% of detached houses in Fremington, based on EPC data. The below chart shows the distribution of detached houses by size in Fremington, and where PINE LODGE lies on this distribution: 75% of detached houses are smaller than PINE LODGE, and 25% of houses are larger. Note that EPC data is not available for all properties in Fremington.

PINE LODGE: Plot and Title Map

PINE LODGE sits on a plot of roughly 0.153 of an acre, or 618m². The below map shows the location of PINE LODGE, 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 PINE LODGE). 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 PINE LODGE?

PINE LODGE is located in FREMINGTON, in the EX31 postcode district. The below map shows the position of PINE LODGE in FREMINGTON.