THE OLD SMITHY, BACK STREET, MODBURY, IVYBRIDGE, PL21 0RF - £565,000

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 OLD SMITHY is a very large extended detached house of 197m², built sometime between 2007 and 2011. It was last sold for £565,000 in March 2021, which was around 12% above the average March 2021 detached price in the South Hams local authority area. The most recent EPC inspection was July 2024, where the current energy rating was C, and the potential energy rating was B.

THE OLD SMITHY Sold Prices

Land registry data shows three sales for THE OLD SMITHY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Hams local authority area for the corresponding sale date. One of the three THE OLD SMITHY sales was for above the average price, whilst two 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 5 MAR	£565,000	£503,442	12% above HPI
2004 26 OCT	£210,000	£326,910	36% below HPI
1998 28 OCT	£44,000	£125,616	65% below HPI

THE OLD SMITHY 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 three THE OLD SMITHY sales between October 1998 and March 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 October 2004 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the March 2021 sale, where it rises to 12% above the HPI. The line then continues to track at 12% above the HPI.

How Large is THE OLD SMITHY?

THE OLD SMITHY is 197m², which includes three extensions, according to the EPC inspection conducted in July 2024. This puts it in the largest 20% of detached houses in Modbury, based on EPC data. The below chart shows the distribution of detached houses by size in Modbury, and where THE OLD SMITHY lies on this distribution: 89% of detached houses are smaller than THE OLD SMITHY, and 11% of houses are larger. Note that EPC data is not available for all properties in Modbury.

THE OLD SMITHY: Plot and Title Map

THE OLD SMITHY sits on a plot of roughly 0.049 of an acre, or 196m². The below map shows the location of THE OLD SMITHY, 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 OLD SMITHY). 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 OLD SMITHY?

THE OLD SMITHY is located on BACK STREET in MODBURY, in the PL21 postcode district. The below map shows the position of THE OLD SMITHY on BACK STREET.