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South Molton House Prices South Molton House Prices

The average house price in South Molton is £230,700 using HM Land Registry data.

The average property price increased by £58,264 (24.76%) over the last 5 years and increased by £11,645 (4.13%) over the last 12 months.

Over the last year, there were 71 residential property sales – a decrease of 36 transactions (-50.70%) relative to the previous year. The majority of house sales (14) were in the £214,000 - £258,000 range. Then came properties in the £258,000 - £302,000 range, where 13 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 40 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,722 (-3%).

In April 2024, there were 28 new estate agency instructions, 10 agreed home sales and 8 property price reductions.

Postcodes Covered: EX36

5-Year Average Property Prices in South Molton

24.76%

Property prices in South Molton increased by 24.76% 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 South Molton Over the Last Year

4.13%

Property prices in South Molton increased by 4.13% 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 South Molton - 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 21 to 40 days, the broad evidence suggests that properties are selling reasonably quickly after being initially advertised and the market is reasonably healthy. If you are prepared to wait to up to 6 weeks, and you are sure that your property is priced realistically, you should get an offer within this timeframe.

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 South Molton

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 South Molton

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 South Molton

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 South Molton since 1995

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

Recent Property Sales in South Molton

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
4 Hares Green, South Molton, Devon, EX36 4SF£200,000£200,000£0004 Sep 202316 Feb 2024165 Days
13 Jury Park, South Molton, Devon, EX36 4DW£350,000£345,000-£5,00007 Aug 202316 Jan 2024162 Days
Castellan, North Road, South Molton, Devon, EX36 3AZ£345,000£340,000-£5,00014 Jun 202315 Jan 2024215 Days
7 Meadow Park, South Molton, Devon, EX36 4ES£450,000£450,000£0001 Jul 202305 Jan 2024188 Days
9 Widgery Drive, South Molton, Devon, EX36 4DP£245,000£245,000£0027 Jul 202305 Jan 2024162 Days
11 Hares Green, South Molton, Devon, EX36 4SF£170,000£170,000£0028 Oct 202315 Dec 202348 Days
10 Oakhays, South Molton, Devon, EX36 4DB£225,000£225,000£0031 Jul 202308 Dec 2023130 Days
13 Duke Street, South Molton, Devon, EX36 3AL£325,000£300,000-£25,00027 Jun 202330 Nov 2023156 Days
5 Raleigh Mead, South Molton, Devon, EX36 4BT£300,000£278,000-£22,00030 Dec 202226 Oct 2023300 Days
52 Hugh Squier Avenue, South Molton, Devon, EX36 3DR£315,000£315,000£0016 May 202305 Oct 2023142 Days
35 Kingsway, South Molton, Devon, EX36 4AL£250,000£246,000-£4,00010 May 202327 Sep 2023140 Days
10 Jury Park, South Molton, Devon, EX36 4DW£350,000£340,000-£10,00006 Dec 202231 Aug 2023268 Days
Kingstree, South Street, South Molton, Devon, EX36 4AE£275,000£255,000-£20,00012 Mar 202310 Aug 2023151 Days
1 Moorland Rise, South Molton, Devon, EX36 4BX£285,000£282,000-£3,00008 Jun 202304 Aug 202357 Days
3 Spearfield Close, South Molton, Devon, EX36 4SE£374,950£374,950£0013 Apr 202328 Jul 2023106 Days
3 Meadow Park, South Molton, Devon, EX36 4ES£300,000£285,000-£15,00030 Sep 202205 Jul 2023278 Days
79 Brook Meadow, South Molton, Devon, EX36 4BN£265,000£258,000-£7,00006 Jan 202322 Jun 2023167 Days
29 Kingdon Avenue, South Molton, Devon, EX36 4GJ£284,000£280,000-£4,00007 Mar 202309 Jun 202394 Days
85 Churchill Crescent, South Molton, Devon, EX36 4EL£200,000£192,000-£8,00024 Mar 202309 Jun 202377 Days
5 Howards Close, South Molton, Devon, EX36 4JT£250,000£250,000£0005 Apr 202309 Jun 202365 Days

Most Expensive Streets in South Molton

PostcodeStreetAreaAverageNo. of Sales
EX36 4FPDucks FieldSouth Molton£476,5003
EX36 3FTCarder WaySouth Molton£388,81628
EX36 3BWChurch YardSouth Molton£377,0005
EX36 4DWJury ParkSouth Molton£353,6029
EX36 4DDPoltimore CloseSouth Molton£353,1254
EX36 3FGMonitor CloseSouth Molton£340,38312
EX36 3DYDeans ParkSouth Molton£338,2147
EX36 3FWOld Workhouse DriveSouth Molton£336,6669
EX36 4ESMeadow ParkSouth Molton£335,0004
EX36 3FLFallow CloseSouth Molton£328,55519

Least Expensive Streets in South Molton

PostcodeStreetAreaAverageNo. of Sales
EX36 4AGSouth StreetSouth Molton£135,0004
EX36 4ARMill StreetSouth Molton£140,1605
EX36 3BUEast StreetSouth Molton£158,0005
EX36 4DGWest StreetSouth Molton£160,3754
EX36 3BQBarnstaple StreetSouth Molton£167,3889
EX36 4AJKingswaySouth Molton£167,7504
EX36 3AWNorth StreetSouth Molton£175,0004
EX36 4BWParamore WaySouth Molton£181,1663
EX36 4AWCooks CrossSouth Molton£183,0628
EX36 4EQWhitehall CloseSouth Molton£187,4833

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