CORNHILL HOUSE, HEMYOCK, CULLOMPTON, EX15 3RQ - £350,000

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.

CORNHILL HOUSE is a large extended detached house of 120m², built sometime before 1900, which could now be worth an estimated £325,813. It was last sold for £350,000 in August 2022, which was around 23% below the average August 2022 detached price in the Mid Devon local authority area. The most recent EPC inspection was May 2019, where the current energy rating was F, and the potential energy rating was D.

CORNHILL HOUSE Sold Prices

Land registry data shows four sales for CORNHILL HOUSE 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 CORNHILL HOUSE 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
2022 19 AUG	£350,000	£453,018	23% below HPI
2021 22 SEP	£265,000	£399,175	34% below HPI
2010 31 AUG	£165,000	£297,045	44% below HPI
1999 9 JUL	£78,000	£109,771	29% below HPI

CORNHILL HOUSE 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 CORNHILL HOUSE sales between July 1999 and August 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 September 2021 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the August 2022 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might CORNHILL HOUSE be worth now?

CORNHILL HOUSE might now be worth an estimated £325,813.

This is based on house price deflation of 6.9%, between August 2022 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 6.9% deflationary decrease is applied to the most recent sale price for CORNHILL HOUSE of £350,000 on 19th August 2022. For the value to have decreased from £350,000 to £325,813 over the three years and six months to February 2025, the following assumptions must hold true:

• The value of CORNHILL HOUSE has moved in line with the HPI for detached houses in the Mid Devon local authority area.
• The August 2022 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of CORNHILL HOUSE has not materially changed since August 2022.

How Large is CORNHILL HOUSE?

CORNHILL HOUSE is 120m², which includes one extension, according to the EPC inspection conducted in May 2019. This puts it in the largest 40% of detached houses houses in Hemyock, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hemyock, and where CORNHILL HOUSE lies on this distribution: 66% of detached houses houses are smaller than CORNHILL HOUSE, and 34% of houses are larger. Note that EPC data is not available for all properties in Hemyock.

CORNHILL HOUSE: Plot and Title Map

CORNHILL HOUSE sits on a plot of roughly 0.017 of an acre, or 70m². The below map shows the location of CORNHILL HOUSE, 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 CORNHILL HOUSE). 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 CORNHILL HOUSE?

CORNHILL HOUSE is located in HEMYOCK, in the EX15 postcode district. The below map shows the position of CORNHILL HOUSE in HEMYOCK.