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Okehampton House Prices Okehampton House Prices

The average house price in Okehampton is £285,416 using HM Land Registry data.

The average property price increased by £86,245 (40.85%) over the last 5 years and increased by £17,237 (6.15%) over the last 12 months.

Over the last year, there were 116 residential property sales – a decrease of 54 transactions (-46.55%) relative to the previous year. The majority of house sales (30) were in the £220,000 - £280,000 range. Then came properties in the £160,000 - £220,000 range, where 25 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 97 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,700 (-2%).

In April 2024, there were 25 new estate agency instructions, 14 agreed home sales and 14 property price reductions.

Postcodes Covered: EX20

5-Year Average Property Prices in Okehampton

40.85%

Property prices in Okehampton increased by 40.85% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Okehampton Over the Last Year

6.15%

Property prices in Okehampton increased by 6.15% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for Okehampton - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Okehampton

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Okehampton

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Okehampton

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Okehampton since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Okehampton area since 1995.

Recent Property Sales in Okehampton

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
2 Willow Tree Close, Okehampton, Devon, EX20 1NL£294,000£285,000-£9,00018 Aug 202312 Mar 2024207 Days
23 Leeze Park, Okehampton, Devon, EX20 1EE£325,000£291,000-£34,00007 Feb 202331 Jan 2024358 Days
19 Jacobs Pool, Okehampton, Devon, EX20 1LJ£155,000£140,000-£15,00024 Feb 202329 Jan 2024339 Days
27 Curlew Close, Okehampton, Devon, EX20 1SE£385,000£385,000£0004 Sep 202305 Jan 2024123 Days
17 Jacobs Pool, Okehampton, Devon, EX20 1LJ£140,000£140,000£0020 Sep 202319 Dec 202390 Days
26 Upcott Valley, Okehampton, Devon, EX20 1UY£300,000£285,000-£15,00013 Oct 202318 Dec 202366 Days
Okelyns, Castle Road, Okehampton, Devon, EX20 1HZ£450,000£447,500-£2,50025 May 202313 Dec 2023202 Days
10 Saddlers Way, Okehampton, Devon, EX20 1TL£240,000£240,000£0021 Jul 202329 Nov 2023131 Days
21 Leeze Park, Okehampton, Devon, EX20 1EE£425,000£407,500-£17,50023 Aug 202328 Nov 202397 Days
17 Northfield Road, Okehampton, Devon, EX20 1BB£167,500£162,000-£5,50022 Sep 202323 Nov 202362 Days
14 North Street, Okehampton, Devon, EX20 1AR£145,000£145,000£0026 Sep 202308 Nov 202343 Days
5a, Kempley Road, Okehampton, Devon, EX20 1DS£225,000£185,000-£40,00002 Jun 202303 Nov 2023154 Days
23 Saddlers Way, Okehampton, Devon, EX20 1SZ£375,000£330,000-£45,00004 Nov 202216 Oct 2023346 Days
20 Victoria Street, Okehampton, Devon, EX20 1NA£180,000£180,000£0022 Jan 202328 Sep 2023249 Days
6 Moorcroft Court, Okehampton, Devon, EX20 1XD£485,000£482,500-£2,50012 Jul 202327 Sep 202377 Days
5 Beans Meadow, Okehampton, Devon, EX20 1JQ£350,000£350,000£0013 May 202315 Sep 2023125 Days
2 The Copse, Okehampton, Devon, EX20 1PQ£390,000£390,000£0024 May 202315 Sep 2023114 Days
The Manse, Prospect Hill, Okehampton, Devon, EX20 1JD£425,000£400,000-£25,00005 Sep 202201 Sep 2023361 Days
3 Upcott Valley, Okehampton, Devon, EX20 1UX£340,000£330,000-£10,00013 Mar 202322 Aug 2023162 Days
3 Fern Meadow, Okehampton, Devon, EX20 1PB£350,000£330,000-£20,00019 Nov 202222 Aug 2023276 Days

Most Expensive Streets in Okehampton

PostcodeStreetAreaAverageNo. of Sales
EX20 1GGMagnolia WayOkehampton£511,4024
EX20 1LNOaklands ParkOkehampton£482,5004
EX20 1EDStation RoadOkehampton£447,5004
EX20 1LPChurch MeadowOkehampton£428,0006
EX20 1EAStation RoadOkehampton£395,3128
EX20 1GRCavalry ChaseOkehampton£392,43441
EX20 1GUCaesars CourtOkehampton£383,4409
EX20 1LFVicarage RoadOkehampton£364,5005
EX20 1UXUpcott ValleyOkehampton£360,8333
EX20 1EQBrandize ParkOkehampton£360,3147

Least Expensive Streets in Okehampton

PostcodeStreetAreaAverageNo. of Sales
EX20 1AGThe ChantryEast Street, Okehampton£99,6254
EX20 1AWRed Lion YardOkehampton£116,7503
EX20 1LYCrediton RoadOkehampton£122,0003
EX20 1TUAbbeyford CourtOkehampton£128,6666
EX20 1DPPark RowOkehampton£133,3336
EX20 1ASEast StreetOkehampton£138,3754
EX20 1GFOld Chapel PlaceOkehampton£142,2504
EX20 1ARNorth StreetOkehampton£142,83015
EX20 1HHWest StreetOkehampton£143,3333
EX20 1LJJacobs PoolOkehampton£144,6666

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