2, CHERRY TREE ROAD, AXMINSTER, EX13 5GQ - £410,000

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.

2 CHERRY TREE ROAD is a large detached house of 128m², built sometime between 2003 and 2006, which could now be worth an estimated £472,480. It was last sold for £410,000 in September 2021, which was around 12% below the average September 2021 detached price in the East Devon local authority area. The most recent EPC inspection was September 2015, where the current energy rating was C, and the potential energy rating was B.

2 CHERRY TREE ROAD Sold Prices

Land registry data shows four sales for 2 CHERRY TREE ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Devon local authority area for the corresponding sale date. All of the four 2 CHERRY TREE ROAD 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
2021 29 SEP	£410,000	£468,526	12% below HPI
2015 19 NOV	£303,000	£383,587	21% below HPI
2006 30 NOV	£315,000	£318,379	1% below HPI
2004 27 MAY	£279,950	£288,350	3% below HPI

2 CHERRY TREE ROAD 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 four 2 CHERRY TREE ROAD sales between May 2004 and September 2021 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 November 2015 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the September 2021 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 2 CHERRY TREE ROAD be worth now?

2 CHERRY TREE ROAD might now be worth an estimated £472,480.

This is based on house price inflation of 15.2%, between September 2021 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 15.2% inflationary increase is applied to the most recent sale price for 2 CHERRY TREE ROAD of £410,000 on 29th September 2021. For the value to have increased from £410,000 to £472,480 over the four years and seven months to February 2025, the following assumptions must hold true:

• The value of 2 CHERRY TREE ROAD has moved in line with the HPI for detached houses in the East Devon local authority area.
• The September 2021 sale price of £410,000 represented a fair market value for the property.
• The size, condition, and specification of 2 CHERRY TREE ROAD has not materially changed since September 2021.

How Large is 2 CHERRY TREE ROAD?

2 CHERRY TREE ROAD is 128m² according to the EPC inspection conducted in September 2015. This puts it in the largest 30% of detached houses houses in Axminster, based on EPC data. The below chart shows the distribution of detached houses houses by size in Axminster, and where 2 CHERRY TREE ROAD lies on this distribution: 78% of detached houses houses are smaller than 2 CHERRY TREE ROAD, and 22% of houses are larger. Note that EPC data is not available for all properties in Axminster.

2 CHERRY TREE ROAD: Plot and Title Map

2 CHERRY TREE ROAD sits on a plot of roughly 0.122 of an acre, or 493m². The below map shows the location of 2 CHERRY TREE ROAD, 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 2 CHERRY TREE ROAD). 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 2 CHERRY TREE ROAD?

2 CHERRY TREE ROAD is located in AXMINSTER, in the EX13 postcode district. The below map shows the position of No. 2 on CHERRY TREE ROAD.