BIMINI, THE BUTTS, COLYTON, EX24 6NU - £302,500

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.

BIMINI is a small semi-detached house of 86m², built sometime between 1976 and 1982, which could now be worth an estimated £306,813. It was last sold for £302,500 in September 2022, which was around 9% below the average September 2022 semi-detached price in the East Devon local authority area. The most recent EPC inspection was February 2021, where the current energy rating was C, and the potential energy rating was B.

BIMINI Sold Prices

Land registry data shows three sales for BIMINI since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the East Devon local authority area for the corresponding sale date. The three BIMINI sales were a mix of below the average price, and roughly equal to 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 7 SEP	£302,500	£333,747	9% below HPI
2003 19 AUG	£151,000	£162,257	7% below HPI
1997 1 JUL	£64,500	£64,282	Close to HPI

BIMINI Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the East Devon local authority area over time, sourced from the HPI. The three BIMINI sales between July 1997 and September 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 August 2003 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the September 2022 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might BIMINI be worth now?

BIMINI might now be worth an estimated £306,813.

This is based on house price inflation of 1.4%, between September 2022 and February 2025, for semi-detached houses, in the East Devon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1.4% inflationary increase is applied to the most recent sale price for BIMINI of £302,500 on 7th September 2022. For the value to have increased from £302,500 to £306,813 over the three years and seven months to February 2025, the following assumptions must hold true:

• The value of BIMINI has moved in line with the HPI for semi-detached houses in the East Devon local authority area.
• The September 2022 sale price of £302,500 represented a fair market value for the property.
• The size, condition, and specification of BIMINI has not materially changed since September 2022.

How Large is BIMINI?

BIMINI is 86m² according to the EPC inspection conducted in February 2021. This puts it in the smallest 30% of semi-detached houses houses in Colyton, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Colyton, and where BIMINI lies on this distribution: 21% of semi-detached houses houses are smaller than BIMINI, and 78% of houses are larger. Note that EPC data is not available for all properties in Colyton.

BIMINI: Plot and Title Map

BIMINI sits on a plot of roughly 0.035 of an acre, or 141m². The below map shows the location of BIMINI, 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 BIMINI). 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 BIMINI?

BIMINI is located on THE BUTTS in COLYTON, in the EX24 postcode district. The below map shows the position of BIMINI on THE BUTTS.