1, PENLEE, BUDLEIGH SALTERTON, EX9 6BP - £515,000

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.

1 PENLEE is a very small detached house of 95m², built sometime between 1930 and 1949, which could now be worth an estimated £541,465. It was last sold for £515,000 in July 2024, which was about the average July 2024 detached price in the East Devon local authority area. The most recent EPC inspection was February 2020, where the current energy rating was D, and the potential energy rating was B.

1 PENLEE Sold Prices

Land registry data shows three sales for 1 PENLEE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Devon local authority area for the corresponding sale date. The three 1 PENLEE sales were a mix of roughly equal to the average price, and 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
2024 12 JUL	£515,000	£513,535	Close to HPI
2021 12 MAR	£390,000	£454,427	14% below HPI
1999 15 JUL	£105,500	£124,519	15% below HPI

1 PENLEE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Devon local authority area over time, sourced from the HPI. The three 1 PENLEE sales between July 1999 and July 2024 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 2021 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the July 2024 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 1 PENLEE be worth now?

1 PENLEE might now be worth an estimated £541,465.

This is based on house price inflation of 5.1%, between July 2024 and February 2025, for detached houses, in the East Devon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 5.1% inflationary increase is applied to the most recent sale price for 1 PENLEE of £515,000 on 12th July 2024. For the value to have increased from £515,000 to £541,465 over the one year and five months to February 2025, the following assumptions must hold true:

• The value of 1 PENLEE has moved in line with the HPI for detached houses in the East Devon local authority area.
• The July 2024 sale price of £515,000 represented a fair market value for the property.
• The size, condition, and specification of 1 PENLEE has not materially changed since July 2024.

How Large is 1 PENLEE?

1 PENLEE is 95m² according to the EPC inspection conducted in February 2020. This puts it in the smallest 20% of detached houses houses in Budleigh Salterton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Budleigh Salterton, and where 1 PENLEE lies on this distribution: 15% of detached houses houses are smaller than 1 PENLEE, and 84% of houses are larger. Note that EPC data is not available for all properties in Budleigh Salterton.

1 PENLEE: Plot and Title Map

1 PENLEE sits on a plot of roughly 0.047 of an acre, or 190m². The below map shows the location of 1 PENLEE, 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 1 PENLEE). 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 1 PENLEE?

1 PENLEE is located in BUDLEIGH SALTERTON, in the EX9 postcode district. The below map shows the position of No. 1 on PENLEE.