THE RED HOUSE, NEWLAND, LANDKEY, BARNSTAPLE, EX32 0ND - £395,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

THE RED HOUSE is a very large extended detached house of 163m², built sometime before 1900, which could now be worth an estimated £413,441. It was last sold for £395,000 in January 2022, which was around 7% below the average January 2022 detached price in the North Devon local authority area. The most recent EPC inspection was September 2018, where the current energy rating was C, and the potential energy rating was B.

THE RED HOUSE Sold Prices

Land registry data shows two sales for THE RED HOUSE 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. Both of the two THE RED HOUSE 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
2022 20 JAN	£395,000	£425,284	7% below HPI
2011 25 MAR	£165,000	£276,155	40% below HPI

THE RED HOUSE 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 RED HOUSE sales from March 2011 and January 2022 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 March 2011 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the January 2022 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might THE RED HOUSE be worth now?

THE RED HOUSE might now be worth an estimated £413,441.

This is based on house price inflation of 4.7%, between January 2022 and February 2025, 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 4.7% inflationary increase is applied to the most recent sale price for THE RED HOUSE of £395,000 on 20th January 2022. For the value to have increased from £395,000 to £413,441 over the two years and eleven months to February 2025, the following assumptions must hold true:

• The value of THE RED HOUSE has moved in line with the HPI for detached houses in the North Devon local authority area.
• The January 2022 sale price of £395,000 represented a fair market value for the property.
• The size, condition, and specification of THE RED HOUSE has not materially changed since January 2022.

How Large is THE RED HOUSE?

THE RED HOUSE is 163m², which includes one extension, according to the EPC inspection conducted in September 2018. This puts it in the largest 20% of detached houses houses in Landkey, based on EPC data. The below chart shows the distribution of detached houses houses by size in Landkey, and where THE RED HOUSE lies on this distribution: 82% of detached houses houses are smaller than THE RED HOUSE, and 18% of houses are larger. Note that EPC data is not available for all properties in Landkey.

THE RED HOUSE: Plot and Title Map

THE RED HOUSE sits on a plot of roughly 0.028 of an acre, or 112m². The below map shows the location of THE RED HOUSE, 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 RED HOUSE). 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 RED HOUSE?

THE RED HOUSE is located on NEWLAND in LANDKEY, in the EX32 postcode district. The below map shows the position of THE RED HOUSE on NEWLAND.