2, CRANES LANE, EAST BUDLEIGH, BUDLEIGH SALTERTON, EX9 7DZ - £205,000

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

2 CRANES LANE is a very small detached house of 71m², built sometime before 1900. It was last sold for £205,000 in February 2011, which was around 39% below the average February 2011 detached price in the East Devon local authority area. The most recent EPC inspection was October 2019, where the current energy rating was D, and the potential energy rating was B.

2 CRANES LANE Sold Prices

Land registry data shows two sales for 2 CRANES LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Devon local authority area for the corresponding sale date. Both of the two 2 CRANES LANE 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
2011 14 FEB	£205,000	£333,744	39% below HPI
1998 27 MAR	£68,750	£110,344	38% below HPI

2 CRANES LANE 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 two 2 CRANES LANE sales from March 1998 and February 2011 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 1998 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the February 2011 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

What might 2 CRANES LANE be worth now?

2 CRANES LANE might now be worth an estimated £333,481.

This is based on house price inflation of 62.7%, between February 2011 and December 2024, 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 62.7% inflationary increase is applied to the most recent sale price for 2 CRANES LANE of £205,000 on 14th February 2011. For the value to have increased from £205,000 to £333,481 over the twelve years and two months to December 2024, the following assumptions must hold true:

• The value of 2 CRANES LANE has moved in line with the HPI for detached houses in the East Devon local authority area.
• The February 2011 sale price of £205,000 represented a fair market value for the property.
• The size, condition, and specification of 2 CRANES LANE has not materially changed since February 2011.

How Large is 2 CRANES LANE?

2 CRANES LANE is 71m² according to the EPC inspection conducted in October 2019. This puts it in the smallest 10% of detached houses houses in East Budleigh, based on EPC data. The below chart shows the distribution of detached houses houses by size in East Budleigh, and where 2 CRANES LANE lies on this distribution: 5% of detached houses houses are smaller than 2 CRANES LANE, and 95% of houses are larger. Note that EPC data is not available for all properties in East Budleigh.

2 CRANES LANE: Plot and Title Map

2 CRANES LANE sits on a plot of roughly 0.026 of an acre, or 105m². The below map shows the location of 2 CRANES LANE, 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 CRANES LANE). 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 CRANES LANE?

2 CRANES LANE is located in EAST BUDLEIGH, in the EX9 postcode district. The below map shows the position of No. 2 on CRANES LANE.