RED BANK HOUSE, VICTORIA ROAD, HATHERLEIGH, OKEHAMPTON, EX20 3JG - £580,000

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

RED BANK HOUSE is a very large extended detached house of 189m², built sometime between 1976 and 1982. It was last sold for £580,000 in July 2023, which was around 35% above the average July 2023 detached price in the West Devon local authority area. The most recent EPC inspection was April 2023, where the current energy rating was D, and the potential energy rating was D.

RED BANK HOUSE Sold Prices

Land registry data shows two sales for RED BANK 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 RED BANK 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
2023 27 JUL	£580,000	£428,084	35% above HPI
2008 16 OCT	£425,000	£301,639	41% above HPI

RED BANK 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 RED BANK HOUSE sales from October 2008 and July 2023 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 October 2008 sale was for 41% above the HPI. So the extrapolation line tracks at 41% above the HPI over time, until the July 2023 sale, where it falls to 35% above the HPI. The line then continues to track at 35% above the HPI.

How Large is RED BANK HOUSE?

RED BANK HOUSE is 189m², which includes two extensions, according to the EPC inspection conducted in April 2023. This puts it in the largest 20% of detached houses in Hatherleigh, based on EPC data. The below chart shows the distribution of detached houses by size in Hatherleigh, and where RED BANK HOUSE lies on this distribution: 84% of detached houses are smaller than RED BANK HOUSE, and 16% of houses are larger. Note that EPC data is not available for all properties in Hatherleigh.

RED BANK HOUSE: Plot and Title Map

RED BANK HOUSE sits on a plot of roughly 0.432 of an acre, or 1,747m². The below map shows the location of RED BANK 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 RED BANK 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 RED BANK HOUSE?

RED BANK HOUSE is located on VICTORIA ROAD in HATHERLEIGH, in the EX20 postcode district. The below map shows the position of RED BANK HOUSE on VICTORIA ROAD.