REDWOOD, UPPER TORRS PARK, ILFRACOMBE, EX34 8BB - £380,000

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.

REDWOOD is a large detached house of 119m², built sometime between 1967 and 1975, which could now be worth an estimated £453,864. It was last sold for £380,000 in March 2021, which was around 2% above the average March 2021 detached price in the North Devon local authority area. The most recent EPC inspection was April 2014, where the current energy rating was E, and the potential energy rating was C.

REDWOOD Sold Prices

Land registry data shows two sales for REDWOOD 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. One of the two REDWOOD 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
2021 18 MAR	£380,000	£372,695	2% above HPI
2001 5 SEP	£135,000	£150,287	10% below HPI

REDWOOD 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 REDWOOD sales from September 2001 and March 2021 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 September 2001 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the March 2021 sale, where it rises to 2% above the HPI. The line then continues to track at 2% above the HPI.

What might REDWOOD be worth now?

REDWOOD might now be worth an estimated £453,864.

This is based on house price inflation of 19.4%, between March 2021 and February 2025, for detached houses, in the North Devon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 19.4% inflationary increase is applied to the most recent sale price for REDWOOD of £380,000 on 18th March 2021. For the value to have increased from £380,000 to £453,864 over the four years and one month to February 2025, the following assumptions must hold true:

• The value of REDWOOD has moved in line with the HPI for detached houses in the North Devon local authority area.
• The March 2021 sale price of £380,000 represented a fair market value for the property.
• The size, condition, and specification of REDWOOD has not materially changed since March 2021.

How Large is REDWOOD?

REDWOOD is 119m² according to the EPC inspection conducted in April 2014. This puts it in the largest 40% of detached houses houses in Ilfracombe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ilfracombe, and where REDWOOD lies on this distribution: 62% of detached houses houses are smaller than REDWOOD, and 38% of houses are larger. Note that EPC data is not available for all properties in Ilfracombe.

REDWOOD: Plot and Title Map

REDWOOD sits on a plot of roughly 0.138 of an acre, or 559m². The below map shows the location of REDWOOD, 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 REDWOOD). 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 REDWOOD?

REDWOOD is located on UPPER TORRS PARK in ILFRACOMBE, in the EX34 postcode district. The below map shows the position of REDWOOD on UPPER TORRS PARK.