46A, SOMERLEA ESTATE, WILLAND, CULLOMPTON, EX15 2PY - £194,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

46A SOMERLEA ESTATE is a very small detached house of 50m², built sometime between 2003 and 2006. It was last sold for £194,000 in November 2023, which was around 55% below the average November 2023 detached price in the Mid Devon local authority area. The most recent EPC inspection was March 2023, where the current energy rating was D, and the potential energy rating was B.

46A SOMERLEA ESTATE Sold Prices

Land registry data shows four sales for 46A SOMERLEA ESTATE 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 46A SOMERLEA ESTATE 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
2023 17 NOV	£194,000	£430,423	55% below HPI
2008 6 FEB	£123,500	£294,614	58% below HPI
2006 14 MAR	£118,000	£256,129	54% below HPI
2004 2 MAR	£110,000	£229,045	52% below HPI

46A SOMERLEA ESTATE 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 46A SOMERLEA ESTATE sales between March 2004 and November 2023 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 February 2008 sale was for 58% below the HPI. So the extrapolation line tracks at 58% below the HPI over time, until the November 2023 sale, where it rises to 55% below the HPI. The line then continues to track at 55% below the HPI.

How Large is 46A SOMERLEA ESTATE?

46A SOMERLEA ESTATE is 50m² according to the EPC inspection conducted in March 2023. This puts it in the smallest 10% of detached houses in Willand, based on EPC data. The below chart shows the distribution of detached houses by size in Willand, and where 46A SOMERLEA ESTATE lies on this distribution: Less than 1% of detached houses are smaller than 46A SOMERLEA ESTATE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Willand.

46A SOMERLEA ESTATE: Plot and Title Map

46A SOMERLEA ESTATE sits on a plot of roughly 0.037 of an acre, or 148m². The below map shows the location of 46A SOMERLEA ESTATE, 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 46A SOMERLEA ESTATE). 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 46A SOMERLEA ESTATE?

46A SOMERLEA ESTATE is located in WILLAND, in the EX15 postcode district. The below map shows the position of No. 46A on SOMERLEA ESTATE.