TREES, WESTERN GARDENS, COMBE MARTIN, ILFRACOMBE, EX34 0EY - £405,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

TREES is a large extended detached house of 144m², built sometime between 1930 and 1949, which could now be worth an estimated £396,961. It was last sold for £405,000 in February 2023, which was around 8% below the average February 2023 detached price in the North Devon local authority area. The most recent EPC inspection was November 2021, where the current energy rating was D, and the potential energy rating was C.

TREES Sold Prices

Land registry data shows three sales for TREES since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Devon local authority area for the corresponding sale date. All of the three TREES 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
2023 9 FEB	£405,000	£439,513	8% below HPI
2018 11 OCT	£322,500	£353,949	9% below HPI
2013 28 AUG	£235,000	£268,860	13% below HPI

TREES 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 three TREES sales between August 2013 and February 2023 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 2018 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the February 2023 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might TREES be worth now?

TREES might now be worth an estimated £396,961.

This is based on house price deflation of 2%, between February 2023 and December 2024, 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 2% deflationary decrease is applied to the most recent sale price for TREES of £405,000 on 9th February 2023. For the value to have decreased from £405,000 to £396,961 over the two months to December 2024, the following assumptions must hold true:

• The value of TREES has moved in line with the HPI for detached houses in the North Devon local authority area.
• The February 2023 sale price of £405,000 represented a fair market value for the property.
• The size, condition, and specification of TREES has not materially changed since February 2023.

How Large is TREES?

TREES is 144m², which includes four extensions, according to the EPC inspection conducted in November 2021. This puts it in the largest 30% of detached houses houses in Combe Martin, based on EPC data. The below chart shows the distribution of detached houses houses by size in Combe Martin, and where TREES lies on this distribution: 77% of detached houses houses are smaller than TREES, and 23% of houses are larger. Note that EPC data is not available for all properties in Combe Martin.

TREES: Plot and Title Map

TREES sits on a plot of roughly 0.107 of an acre, or 432m². The below map shows the location of TREES, 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 TREES). 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 TREES?

TREES is located on WESTERN GARDENS in COMBE MARTIN, in the EX34 postcode district. The below map shows the position of TREES on WESTERN GARDENS.