THE LAURELS, POLTIMORE ROAD, SOUTH MOLTON, EX36 4DA - £265,000

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 midsized extended detached house of 102m², built sometime between 1950 and 1966, which could now be worth an estimated £316,029. It was last sold for £265,000 in March 2019, which was around 27% below the average March 2019 detached price in the North Devon local authority area. The most recent EPC inspection was June 2009, where the current energy rating was D, and the potential energy rating was C.

THE LAURELS Sold Prices

Land registry data shows five sales for THE LAURELS since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the North Devon local authority area for the corresponding sale date. All of the five 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
2019 19 MAR	£265,000	£361,230	27% below HPI
2010 4 JUN	£239,500	£277,768	14% below HPI
2005 9 JUN	£237,500	£259,660	9% below HPI
2001 25 APR	£130,000	£138,420	6% below HPI
1999 9 JUL	£86,000	£105,356	18% below HPI

THE LAURELS 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 five THE LAURELS sales between July 1999 and March 2019 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 June 2010 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the March 2019 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might THE LAURELS be worth now?

THE LAURELS might now be worth an estimated £316,029.

This is based on house price inflation of 19.3%, between March 2019 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 19.3% inflationary increase is applied to the most recent sale price for THE LAURELS of £265,000 on 19th March 2019. For the value to have increased from £265,000 to £316,029 over the four years and three 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 North Devon local authority area.
• The March 2019 sale price of £265,000 represented a fair market value for the property.
• The size, condition, and specification of THE LAURELS has not materially changed since March 2019.

How Large is THE LAURELS?

THE LAURELS is 102m², which includes one extension, according to the EPC inspection conducted in June 2009. This puts it in the smallest 50% of detached houses houses in South Molton, based on EPC data. The below chart shows the distribution of detached houses houses by size in South Molton, and where THE LAURELS lies on this distribution: 41% of detached houses houses are smaller than THE LAURELS, and 59% of houses are larger. Note that EPC data is not available for all properties in South Molton.

THE LAURELS: Plot and Title Map

THE LAURELS sits on a plot of roughly 0.117 of an acre, or 475m². 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 POLTIMORE ROAD in SOUTH MOLTON, in the EX36 postcode district. The below map shows the position of THE LAURELS on POLTIMORE ROAD.