THE LODGE, UPCOTT HILL, OKEHAMPTON, EX20 1SQ - £325,000

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 LODGE is a very small detached house of 59m², built sometime between 1930 and 1949. It was last sold for £325,000 in September 2021, which was around 19% below the average September 2021 detached price in the West Devon local authority area. The most recent EPC inspection was May 2021, where the current energy rating was G, and the potential energy rating was E.

THE LODGE Sold Prices

Land registry data shows three sales for THE LODGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Devon local authority area for the corresponding sale date. All of the three 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
2021 10 SEP	£325,000	£399,465	19% below HPI
2018 14 NOV	£210,000	£359,935	42% below HPI
2005 16 MAY	£150,000	£261,057	43% below HPI

THE LODGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Devon local authority area over time, sourced from the HPI. The three THE LODGE sales between May 2005 and September 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 November 2018 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the September 2021 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is THE LODGE?

THE LODGE is 59m² according to the EPC inspection conducted in May 2021. This puts it in the smallest 10% of detached houses in Okehampton, based on EPC data. The below chart shows the distribution of detached houses by size in Okehampton, and where THE LODGE lies on this distribution: 1% of detached houses are smaller than THE LODGE, and 99% of houses are larger. Note that EPC data is not available for all properties in Okehampton.

THE LODGE: Plot and Title Map

THE LODGE sits on a plot of roughly 0.109 of an acre, or 442m². 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 UPCOTT HILL in OKEHAMPTON, in the EX20 postcode district. The below map shows the position of THE LODGE on UPCOTT HILL.