2, FRANCIS WAY, COLYFORD, COLYTON, EX24 6QN - £375,000

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 FRANCIS WAY is a very small extended detached house of 83m², built sometime between 1950 and 1966, which could now be worth an estimated £395,665. It was last sold for £375,000 in July 2022, which was around 27% below the average July 2022 detached price in the East Devon local authority area. The most recent EPC inspection was January 2022, where the current energy rating was D, and the potential energy rating was C.

2 FRANCIS WAY Sold Prices

Land registry data shows four sales for 2 FRANCIS WAY 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 FRANCIS WAY 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
2022 6 JUL	£375,000	£511,725	27% below HPI
2003 14 NOV	£100,000	£270,398	63% below HPI
2002 21 JUN	£185,000	£210,999	12% below HPI
1999 17 NOV	£98,500	£134,501	27% below HPI

2 FRANCIS WAY 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 FRANCIS WAY sales between November 1999 and July 2022 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 2003 sale was for 63% below the HPI. So the extrapolation line tracks at 63% below the HPI over time, until the July 2022 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 2 FRANCIS WAY be worth now?

2 FRANCIS WAY might now be worth an estimated £395,665.

This is based on house price inflation of 5.5%, between July 2022 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 5.5% inflationary increase is applied to the most recent sale price for 2 FRANCIS WAY of £375,000 on 6th July 2022. For the value to have increased from £375,000 to £395,665 over the three years and five months to February 2025, the following assumptions must hold true:

• The value of 2 FRANCIS WAY has moved in line with the HPI for detached houses in the East Devon local authority area.
• The July 2022 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of 2 FRANCIS WAY has not materially changed since July 2022.

How Large is 2 FRANCIS WAY?

2 FRANCIS WAY is 83m², which includes one extension, according to the EPC inspection conducted in January 2022. This puts it in the smallest 10% of detached houses houses in Colyford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Colyford, and where 2 FRANCIS WAY lies on this distribution: 8% of detached houses houses are smaller than 2 FRANCIS WAY, and 91% of houses are larger. Note that EPC data is not available for all properties in Colyford.

2 FRANCIS WAY: Plot and Title Map

2 FRANCIS WAY sits on a plot of roughly 0.094 of an acre, or 381m². The below map shows the location of 2 FRANCIS WAY, 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 FRANCIS WAY). 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 FRANCIS WAY?

2 FRANCIS WAY is located in COLYFORD, in the EX24 postcode district. The below map shows the position of No. 2 on FRANCIS WAY.