4, OAK DRIVE, CULLOMPTON, EX15 1NW - £307,500

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

4 OAK DRIVE is a very small detached house of 56m², built sometime between 1996 and 2002, which could now be worth an estimated £300,548. It was last sold for £307,500 in May 2022, which was around 29% below the average May 2022 detached price in the Mid Devon local authority area. The most recent EPC inspection was January 2015, where the current energy rating was B, and the potential energy rating was B.

4 OAK DRIVE Sold Prices

Land registry data shows four sales for 4 OAK DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Mid Devon local authority area for the corresponding sale date. All of the four 4 OAK DRIVE 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 MAY	£307,500	£431,467	29% below HPI
2003 27 NOV	£172,000	£235,692	27% below HPI
2002 2 AUG	£119,950	£190,286	37% below HPI
1997 26 JUN	£62,250	£90,880	32% below HPI

4 OAK DRIVE 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 four 4 OAK DRIVE sales between June 1997 and May 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 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the May 2022 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 4 OAK DRIVE be worth now?

4 OAK DRIVE might now be worth an estimated £300,548.

This is based on house price deflation of 2.3%, between May 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 2.3% deflationary decrease is applied to the most recent sale price for 4 OAK DRIVE of £307,500 on 6th May 2022. For the value to have decreased from £307,500 to £300,548 over the three years and three months to February 2025, the following assumptions must hold true:

• The value of 4 OAK DRIVE has moved in line with the HPI for detached houses in the Mid Devon local authority area.
• The May 2022 sale price of £307,500 represented a fair market value for the property.
• The size, condition, and specification of 4 OAK DRIVE has not materially changed since May 2022.

How Large is 4 OAK DRIVE?

4 OAK DRIVE is 56m² according to the EPC inspection conducted in January 2015. This puts it in the smallest 10% of detached houses houses in Cullompton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cullompton, and where 4 OAK DRIVE lies on this distribution: 1% of detached houses houses are smaller than 4 OAK DRIVE, and 98% of houses are larger. Note that EPC data is not available for all properties in Cullompton.

4 OAK DRIVE: Plot and Title Map

4 OAK DRIVE sits on a plot of roughly 0.110 of an acre, or 447m². The below map shows the location of 4 OAK DRIVE, 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 4 OAK DRIVE). 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 4 OAK DRIVE?

4 OAK DRIVE is located in CULLOMPTON, in the EX15 postcode district. The below map shows the position of No. 4 on OAK DRIVE.