42, WATER LANE, TIVERTON, EX16 6RB - £150,000

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.

42 WATER LANE is a very small extended terraced house of 69m², built sometime between 1900 and 1929, which could now be worth an estimated £158,791. It was last sold for £150,000 in August 2021, which was around 27% below the average August 2021 terraced price in the Mid Devon local authority area. The most recent EPC inspection was September 2020, where the current energy rating was D, and the potential energy rating was B.

42 WATER LANE Sold Prices

Land registry data shows six sales for 42 WATER LANE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average terraced price in the Mid Devon local authority area for the corresponding sale date. All of the six 42 WATER 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
2021 6 AUG	£150,000	£204,868	27% below HPI
2018 15 JUN	£120,000	£179,595	33% below HPI
2006 3 NOV	£119,950	£150,518	20% below HPI
2003 19 AUG	£85,000	£106,810	20% below HPI
2001 30 NOV	£56,950	£74,455	24% below HPI
1998 28 APR	£31,500	£47,823	34% below HPI

42 WATER LANE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Mid Devon local authority area over time, sourced from the HPI. The six 42 WATER LANE sales between April 1998 and August 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 June 2018 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the August 2021 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 42 WATER LANE be worth now?

42 WATER LANE might now be worth an estimated £158,791.

This is based on house price inflation of 5.9%, between August 2021 and July 2025, for terraced 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 5.9% inflationary increase is applied to the most recent sale price for 42 WATER LANE of £150,000 on 6th August 2021. For the value to have increased from £150,000 to £158,791 over the four years and one month to July 2025, the following assumptions must hold true:

• The value of 42 WATER LANE has moved in line with the HPI for terraced houses in the Mid Devon local authority area.
• The August 2021 sale price of £150,000 represented a fair market value for the property.
• The size, condition, and specification of 42 WATER LANE has not materially changed since August 2021.

How Large is 42 WATER LANE?

42 WATER LANE is 69m², which includes one extension, according to the EPC inspection conducted in September 2020. This puts it in the smallest 10% of terraced houses houses in Tiverton, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Tiverton, and where 42 WATER LANE lies on this distribution: 8% of terraced houses houses are smaller than 42 WATER LANE, and 91% of houses are larger. Note that EPC data is not available for all properties in Tiverton.

42 WATER LANE: Plot and Title Map

42 WATER LANE sits on a plot of roughly 0.020 of an acre, or 82m². The below map shows the location of 42 WATER 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 42 WATER 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 42 WATER LANE?

42 WATER LANE is located in TIVERTON, in the EX16 postcode district. The below map shows the position of No. 42 on WATER LANE.