CHERRIES, HILLHEAD, COLYTON, EX24 6NN - £335,000

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

CHERRIES is a large extended detached house of 119m², built sometime between 1976 and 1982, which could now be worth an estimated £413,995. It was last sold for £335,000 in November 2018, which was around 24% below the average November 2018 detached price in the East Devon local authority area. The most recent EPC inspection was April 2017, where the current energy rating was C, and the potential energy rating was B.

CHERRIES Sold Prices

Land registry data shows three sales for CHERRIES since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Devon local authority area for the corresponding sale date. All of the three CHERRIES 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 2 NOV	£335,000	£439,319	24% below HPI
2014 1 JUL	£260,000	£357,728	27% below HPI
2009 2 APR	£227,500	£305,243	25% below HPI

CHERRIES Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Devon local authority area over time, sourced from the HPI. The three CHERRIES sales between April 2009 and November 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 July 2014 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the November 2018 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might CHERRIES be worth now?

CHERRIES might now be worth an estimated £413,995.

This is based on house price inflation of 23.6%, between November 2018 and December 2024, for 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 23.6% inflationary increase is applied to the most recent sale price for CHERRIES of £335,000 on 2nd November 2018. For the value to have increased from £335,000 to £413,995 over the five years and eleven months to December 2024, the following assumptions must hold true:

• The value of CHERRIES has moved in line with the HPI for detached houses in the East Devon local authority area.
• The November 2018 sale price of £335,000 represented a fair market value for the property.
• The size, condition, and specification of CHERRIES has not materially changed since November 2018.

How Large is CHERRIES?

CHERRIES is 119m², which includes two extensions, according to the EPC inspection conducted in April 2017. This puts it in the largest 30% of detached houses houses in Colyton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Colyton, and where CHERRIES lies on this distribution: 76% of detached houses houses are smaller than CHERRIES, and 24% of houses are larger. Note that EPC data is not available for all properties in Colyton.

CHERRIES: Plot and Title Map

CHERRIES sits on a plot of roughly 0.127 of an acre, or 512m². The below map shows the location of CHERRIES, 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 CHERRIES). 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 CHERRIES?

CHERRIES is located on HILLHEAD in COLYTON, in the EX24 postcode district. The below map shows the position of CHERRIES on HILLHEAD.