THE LAURELS, MAYTREE CLOSE, HALWILL JUNCTION, BEAWORTHY, EX21 5TQ - £164,000

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 LAURELS is a very small detached house of 65m², built sometime from 2007 onwards. It was last sold for £164,000 in April 2010, which was around 35% below the average April 2010 detached price in the Torridge local authority area. The most recent EPC inspection was October 2008, where the current energy rating was C, and the potential energy rating was B.

THE LAURELS Sold Prices

Land registry data shows two sales for THE LAURELS 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. Both of the two THE LAURELS sales were 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
2010 12 APR	£164,000	£254,180	35% below HPI
2008 27 OCT	£165,000	£261,816	37% below HPI

THE LAURELS 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 THE LAURELS sales from October 2008 and April 2010 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 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the April 2010 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might THE LAURELS be worth now?

THE LAURELS might now be worth an estimated £257,707.

This is based on house price inflation of 57.1%, between April 2010 and December 2024, 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 57.1% inflationary increase is applied to the most recent sale price for THE LAURELS of £164,000 on 12th April 2010. For the value to have increased from £164,000 to £257,707 over the thirteen years and four months to December 2024, the following assumptions must hold true:

• The value of THE LAURELS has moved in line with the HPI for detached houses in the Torridge local authority area.
• The April 2010 sale price of £164,000 represented a fair market value for the property.
• The size, condition, and specification of THE LAURELS has not materially changed since April 2010.

How Large is THE LAURELS?

THE LAURELS is 65m² according to the EPC inspection conducted in October 2008. This puts it in the smallest 20% of detached houses houses in Halwill Junction, based on EPC data. The below chart shows the distribution of detached houses houses by size in Halwill Junction, and where THE LAURELS lies on this distribution: 16% of detached houses houses are smaller than THE LAURELS, and 84% of houses are larger. Note that EPC data is not available for all properties in Halwill Junction.

THE LAURELS: Plot and Title Map

THE LAURELS sits on a plot of roughly 0.065 of an acre, or 263m². The below map shows the location of THE LAURELS, 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 LAURELS). 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 LAURELS?

THE LAURELS is located on MAYTREE CLOSE in HALWILL JUNCTION, in the EX21 postcode district. The below map shows the position of THE LAURELS on MAYTREE CLOSE.