THE HOBBITS, SOUTH MOLTON STREET, CHULMLEIGH, EX18 7BW - £440,000

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

THE HOBBITS is a large extended detached house of 133m², built sometime between 1983 and 1990. It was last sold for £440,000 in April 2021, which was around 18% above the average April 2021 detached price in the North Devon local authority area. The most recent EPC inspection was January 2020, where the current energy rating was D, and the potential energy rating was C.

THE HOBBITS Sold Prices

Land registry data shows two sales for THE HOBBITS 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 THE HOBBITS 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 6 APR	£440,000	£374,386	18% above HPI
2016 12 DEC	£240,000	£317,304	24% below HPI

THE HOBBITS 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 THE HOBBITS sales from December 2016 and April 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 December 2016 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the April 2021 sale, where it rises to 18% above the HPI. The line then continues to track at 18% above the HPI.

How Large is THE HOBBITS?

THE HOBBITS is 133m², which includes one extension, according to the EPC inspection conducted in January 2020. This puts it in the largest 30% of detached houses in Chulmleigh, based on EPC data. The below chart shows the distribution of detached houses by size in Chulmleigh, and where THE HOBBITS lies on this distribution: 69% of detached houses are smaller than THE HOBBITS, and 30% of houses are larger. Note that EPC data is not available for all properties in Chulmleigh.

THE HOBBITS: Plot and Title Map

THE HOBBITS sits on a plot of roughly 0.076 of an acre, or 309m². The below map shows the location of THE HOBBITS, 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 THE HOBBITS). 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 THE HOBBITS?

THE HOBBITS is located on SOUTH MOLTON STREET in CHULMLEIGH, in the EX18 postcode district. The below map shows the position of THE HOBBITS on SOUTH MOLTON STREET.