2, THE OLD MARKET, HEMYOCK, CULLOMPTON, EX15 3RA - £666,500

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 THE OLD MARKET is a very large extended detached house of 211m², built sometime between 2003 and 2006, which could now be worth an estimated £641,335. It was last sold for £666,500 in June 2022, which was around 52% above the average June 2022 detached price in the Mid Devon local authority area. The most recent EPC inspection was November 2021, where the current energy rating was C, and the potential energy rating was B.

2 THE OLD MARKET Sold Prices

Land registry data shows three sales for 2 THE OLD MARKET since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Mid Devon local authority area for the corresponding sale date. All of the three 2 THE OLD MARKET 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
2022 30 JUN	£666,500	£438,259	52% above HPI
2014 30 OCT	£370,000	£305,708	21% above HPI
2007 30 MAR	£340,000	£279,087	22% above HPI

2 THE OLD MARKET Price Paid vs. HPI Average

The below graph shows the average detached house price in the Mid Devon local authority area over time, sourced from the HPI. The three 2 THE OLD MARKET sales between March 2007 and June 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 October 2014 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the June 2022 sale, where it rises to 52% above the HPI. The line then continues to track at 52% above the HPI.

What might 2 THE OLD MARKET be worth now?

2 THE OLD MARKET might now be worth an estimated £641,335.

This is based on house price deflation of 3.8%, between June 2022 and February 2025, for detached houses, in the Mid Devon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 3.8% deflationary decrease is applied to the most recent sale price for 2 THE OLD MARKET of £666,500 on 30th June 2022. For the value to have decreased from £666,500 to £641,335 over the three years and four months to February 2025, the following assumptions must hold true:

• The value of 2 THE OLD MARKET has moved in line with the HPI for detached houses in the Mid Devon local authority area.
• The June 2022 sale price of £666,500 represented a fair market value for the property.
• The size, condition, and specification of 2 THE OLD MARKET has not materially changed since June 2022.

How Large is 2 THE OLD MARKET?

2 THE OLD MARKET is 211m², which includes three extensions, according to the EPC inspection conducted in November 2021. This puts it in the largest 10% of detached houses houses in Hemyock, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hemyock, and where 2 THE OLD MARKET lies on this distribution: 94% of detached houses houses are smaller than 2 THE OLD MARKET, and 5% of houses are larger. Note that EPC data is not available for all properties in Hemyock.

2 THE OLD MARKET: Plot and Title Map

2 THE OLD MARKET sits on a plot of roughly 0.187 of an acre, or 755m². The below map shows the location of 2 THE OLD MARKET, 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 THE OLD MARKET). 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 THE OLD MARKET?

2 THE OLD MARKET is located in HEMYOCK, in the EX15 postcode district. The below map shows the position of No. 2 on THE OLD MARKET.