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

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

THE HOBBITS is a large extended detached house of 133m², built sometime between 1983 and 1990, which could now be worth an estimated £494,514. It was last sold for £440,000 in April 2021, which was around 15% 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	£383,300	15% above HPI
2016 12 DEC	£240,000	£324,859	26% 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 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the April 2021 sale, where it rises to 15% above the HPI. The line then continues to track at 15% above the HPI.

What might THE HOBBITS be worth now?

THE HOBBITS might now be worth an estimated £494,514.

This is based on house price inflation of 12.4%, between April 2021 and December 2024, 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 12.4% inflationary increase is applied to the most recent sale price for THE HOBBITS of £440,000 on 6th April 2021. For the value to have increased from £440,000 to £494,514 over the two years and four months to December 2024, the following assumptions must hold true:

• The value of THE HOBBITS has moved in line with the HPI for detached houses in the North Devon local authority area.
• The April 2021 sale price of £440,000 represented a fair market value for the property.
• The size, condition, and specification of THE HOBBITS has not materially changed since April 2021.

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 houses in Chulmleigh, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chulmleigh, and where THE HOBBITS lies on this distribution: 69% of detached houses 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.