REDLEES, CHILSWORTHY, HOLSWORTHY, EX22 7BQ - £330,000

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.

REDLEES is a midsized extended detached house of 137m², built sometime between 1930 and 1949, which could now be worth an estimated £407,804. It was last sold for £330,000 in February 2020, which was around 1% above the average February 2020 detached price in the Torridge local authority area. The most recent EPC inspection was August 2019, where the current energy rating was E, and the potential energy rating was D.

REDLEES Sold Prices

Land registry data shows two sales for REDLEES since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Torridge local authority area for the corresponding sale date. One of the two REDLEES sales was for above the average price, whilst the other was 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
2020 13 FEB	£330,000	£326,289	1% above HPI
2016 8 FEB	£265,000	£292,493	9% below HPI

REDLEES Price Paid vs. HPI Average

The below graph shows the average detached house price in the Torridge local authority area over time, sourced from the HPI. The two REDLEES sales from February 2016 and February 2020 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 February 2016 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the February 2020 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might REDLEES be worth now?

REDLEES might now be worth an estimated £407,804.

This is based on house price inflation of 23.6%, between February 2020 and February 2025, for detached houses, in the Torridge local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 23.6% inflationary increase is applied to the most recent sale price for REDLEES of £330,000 on 13th February 2020. For the value to have increased from £330,000 to £407,804 over the five years to February 2025, the following assumptions must hold true:

• The value of REDLEES has moved in line with the HPI for detached houses in the Torridge local authority area.
• The February 2020 sale price of £330,000 represented a fair market value for the property.
• The size, condition, and specification of REDLEES has not materially changed since February 2020.

How Large is REDLEES?

REDLEES is 137m², which includes two extensions, according to the EPC inspection conducted in August 2019. This puts it in the largest 50% of detached houses houses in Chilsworthy, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chilsworthy, and where REDLEES lies on this distribution: 52% of detached houses houses are smaller than REDLEES, and 48% of houses are larger. Note that EPC data is not available for all properties in Chilsworthy.

REDLEES: Plot and Title Map

REDLEES sits on a plot of roughly 0.150 of an acre, or 608m². The below map shows the location of REDLEES, 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 REDLEES). 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 REDLEES?

REDLEES is located in CHILSWORTHY, in the EX22 postcode district. The below map shows the position of REDLEES in CHILSWORTHY.