8, MARKET PLACE, WILLAND, CULLOMPTON, EX15 2RZ - £165,000

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.

8 MARKET PLACE is a very small detached house of 61m², built sometime between 2003 and 2006, which could now be worth an estimated £192,402. It was last sold for £165,000 in December 2018, which was around 54% below the average December 2018 detached price in the Mid Devon local authority area. The most recent EPC inspection was July 2011, where the current energy rating was C, and the potential energy rating was C.

8 MARKET PLACE Sold Prices

Land registry data shows two sales for 8 MARKET PLACE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Mid Devon local authority area for the corresponding sale date. Both of the two 8 MARKET PLACE 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
2018 19 DEC	£165,000	£361,652	54% below HPI
2005 22 MAR	£127,000	£243,132	48% below HPI

8 MARKET PLACE 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 two 8 MARKET PLACE sales from March 2005 and December 2018 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 March 2005 sale was for 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the December 2018 sale, where it falls to 54% below the HPI. The line then continues to track at 54% below the HPI.

What might 8 MARKET PLACE be worth now?

8 MARKET PLACE might now be worth an estimated £192,402.

This is based on house price inflation of 16.6%, between December 2018 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 16.6% inflationary increase is applied to the most recent sale price for 8 MARKET PLACE of £165,000 on 19th December 2018. For the value to have increased from £165,000 to £192,402 over the seven years and ten months to February 2025, the following assumptions must hold true:

• The value of 8 MARKET PLACE has moved in line with the HPI for detached houses in the Mid Devon local authority area.
• The December 2018 sale price of £165,000 represented a fair market value for the property.
• The size, condition, and specification of 8 MARKET PLACE has not materially changed since December 2018.

How Large is 8 MARKET PLACE?

8 MARKET PLACE is 61m² according to the EPC inspection conducted in July 2011. This puts it in the smallest 10% of detached houses houses in Willand, based on EPC data. The below chart shows the distribution of detached houses houses by size in Willand, and where 8 MARKET PLACE lies on this distribution: 4% of detached houses houses are smaller than 8 MARKET PLACE, and 96% of houses are larger. Note that EPC data is not available for all properties in Willand.

8 MARKET PLACE: Plot and Title Map

8 MARKET PLACE sits on a plot of roughly 0.041 of an acre, or 165m². The below map shows the location of 8 MARKET PLACE, 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 8 MARKET PLACE). 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 8 MARKET PLACE?

8 MARKET PLACE is located in WILLAND, in the EX15 postcode district. The below map shows the position of No. 8 on MARKET PLACE.