1, WATSON PLACE, EXETER, EX2 4SF - £475,000

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

1 WATSON PLACE is a large detached house of 150m², built sometime between 1996 and 2002, which could now be worth an estimated £654,196. It was last sold for £475,000 in December 2015, which was around 21% above the average December 2015 detached price in the Exeter local authority area. The most recent EPC inspection was September 2015, where the current energy rating was D, and the potential energy rating was C.

1 WATSON PLACE Sold Prices

Land registry data shows two sales for 1 WATSON PLACE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Exeter local authority area for the corresponding sale date. Both of the two 1 WATSON PLACE sales were for above 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
2015 22 DEC	£475,000	£392,808	21% above HPI
2002 28 JUN	£295,950	£204,647	45% above HPI

1 WATSON PLACE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Exeter local authority area over time, sourced from the HPI. The two 1 WATSON PLACE sales from June 2002 and December 2015 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 June 2002 sale was for 45% above the HPI. So the extrapolation line tracks at 45% above the HPI over time, until the December 2015 sale, where it falls to 21% above the HPI. The line then continues to track at 21% above the HPI.

What might 1 WATSON PLACE be worth now?

1 WATSON PLACE might now be worth an estimated £654,196.

This is based on house price inflation of 37.7%, between December 2015 and February 2025, for detached houses, in the Exeter local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 37.7% inflationary increase is applied to the most recent sale price for 1 WATSON PLACE of £475,000 on 22nd December 2015. For the value to have increased from £475,000 to £654,196 over the ten years and ten months to February 2025, the following assumptions must hold true:

• The value of 1 WATSON PLACE has moved in line with the HPI for detached houses in the Exeter local authority area.
• The December 2015 sale price of £475,000 represented a fair market value for the property.
• The size, condition, and specification of 1 WATSON PLACE has not materially changed since December 2015.

How Large is 1 WATSON PLACE?

1 WATSON PLACE is 150m² according to the EPC inspection conducted in September 2015. This puts it in the largest 30% of detached houses houses in Exeter, based on EPC data. The below chart shows the distribution of detached houses houses by size in Exeter, and where 1 WATSON PLACE lies on this distribution: 78% of detached houses houses are smaller than 1 WATSON PLACE, and 21% of houses are larger. Note that EPC data is not available for all properties in Exeter.

1 WATSON PLACE: Plot and Title Map

1 WATSON PLACE sits on a plot of roughly 0.073 of an acre, or 294m². The below map shows the location of 1 WATSON PLACE, 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 WATSON PLACE). 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 WATSON PLACE?

1 WATSON PLACE is located in EXETER, in the EX2 postcode district. The below map shows the position of No. 1 on WATSON PLACE.