THE LODGE, GRAND VIEW ROAD, HOPE COVE, KINGSBRIDGE, TQ7 3HF - £137,500

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

THE LODGE is a very small detached house of 51m², built sometime from 2012 onwards. It was last sold for £137,500 in August 2014, which was around 65% below the average August 2014 detached price in the South Hams local authority area. The most recent EPC inspection was March 2023, where the current energy rating was D, and the potential energy rating was C.

THE LODGE Sold Prices

Land registry data shows two sales for THE LODGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Hams local authority area for the corresponding sale date. Both of the two THE LODGE 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
2014 15 AUG	£137,500	£397,771	65% below HPI
2003 15 APR	£65,000	£262,229	75% below HPI

THE LODGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Hams local authority area over time, sourced from the HPI. The two THE LODGE sales from April 2003 and August 2014 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 April 2003 sale was for 75% below the HPI. So the extrapolation line tracks at 75% below the HPI over time, until the August 2014 sale, where it rises to 65% below the HPI. The line then continues to track at 65% below the HPI.

How Large is THE LODGE?

THE LODGE is 51m² according to the EPC inspection conducted in March 2023. This puts it in the smallest 10% of detached houses in Outer Hope, based on EPC data. The below chart shows the distribution of detached houses by size in Outer Hope, and where THE LODGE lies on this distribution: 3% of detached houses are smaller than THE LODGE, and 97% of houses are larger. Note that EPC data is not available for all properties in Outer Hope.

THE LODGE: Plot and Title Map

THE LODGE sits on a plot of roughly 0.020 of an acre, or 82m². The below map shows the location of THE LODGE, 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 LODGE). 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 LODGE?

THE LODGE is located on GRAND VIEW ROAD in HOPE COVE, in the TQ7 postcode district. The below map shows the position of THE LODGE on GRAND VIEW ROAD.