THE OLD SMITHY, SOUTH MOLTON STREET, CHULMLEIGH, EX18 7BW - £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 OLD SMITHY is a very large extended detached house of 159m², built sometime before 1900. It was last sold for £325,000 in August 2010, which was around 17% above the average August 2010 detached price in the North Devon local authority area. The most recent EPC inspection was June 2010, where the current energy rating was E, and the potential energy rating was D.

THE OLD SMITHY Sold Prices

Land registry data shows two sales for THE OLD SMITHY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Devon local authority area for the corresponding sale date. One of the two THE OLD SMITHY sales was for above the average price, whilst the other was 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 13 AUG	£325,000	£277,731	17% above HPI
2002 17 DEC	£175,000	£195,499	10% below HPI

THE OLD SMITHY 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 two THE OLD SMITHY sales from December 2002 and August 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 December 2002 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the August 2010 sale, where it rises to 17% above the HPI. The line then continues to track at 17% above the HPI.

How Large is THE OLD SMITHY?

THE OLD SMITHY is 159m², which includes one extension, according to the EPC inspection conducted in June 2010. This puts it in the largest 20% of detached houses in Chulmleigh, based on EPC data. The below chart shows the distribution of detached houses by size in Chulmleigh, and where THE OLD SMITHY lies on this distribution: 88% of detached houses are smaller than THE OLD SMITHY, and 12% of houses are larger. Note that EPC data is not available for all properties in Chulmleigh.

THE OLD SMITHY: Plot and Title Map

THE OLD SMITHY sits on a plot of roughly 0.111 of an acre, or 450m². 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 SOUTH MOLTON STREET in CHULMLEIGH, in the EX18 postcode district. The below map shows the position of THE OLD SMITHY on SOUTH MOLTON STREET.