ELM HAYES, ELM FARM LANE, COLYFORD, COLYTON, EX24 6QS - £550,000

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.

ELM HAYES is a large extended detached house of 162m², built sometime between 1930 and 1949, which could now be worth an estimated £651,874. It was last sold for £550,000 in January 2021, which was around 21% above the average January 2021 detached price in the East Devon local authority area. The most recent EPC inspection was June 2020, where the current energy rating was C, and the potential energy rating was B.

ELM HAYES Sold Prices

Land registry data shows two sales for ELM HAYES since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Devon local authority area for the corresponding sale date. One of the two ELM HAYES sales was for above the average price, whilst the other was 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
2021 6 JAN	£550,000	£455,546	21% above HPI
2009 16 JUN	£270,000	£311,592	13% below HPI

ELM HAYES 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 two ELM HAYES sales from June 2009 and January 2021 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 June 2009 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the January 2021 sale, where it rises to 21% above the HPI. The line then continues to track at 21% above the HPI.

What might ELM HAYES be worth now?

ELM HAYES might now be worth an estimated £651,874.

This is based on house price inflation of 18.5%, between January 2021 and February 2025, 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 18.5% inflationary increase is applied to the most recent sale price for ELM HAYES of £550,000 on 6th January 2021. For the value to have increased from £550,000 to £651,874 over the three years and eleven months to February 2025, the following assumptions must hold true:

• The value of ELM HAYES has moved in line with the HPI for detached houses in the East Devon local authority area.
• The January 2021 sale price of £550,000 represented a fair market value for the property.
• The size, condition, and specification of ELM HAYES has not materially changed since January 2021.

How Large is ELM HAYES?

ELM HAYES is 162m², which includes one extension, according to the EPC inspection conducted in June 2020. This puts it in the largest 30% of detached houses houses in Colyford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Colyford, and where ELM HAYES lies on this distribution: 80% of detached houses houses are smaller than ELM HAYES, and 20% of houses are larger. Note that EPC data is not available for all properties in Colyford.

ELM HAYES: Plot and Title Map

ELM HAYES sits on a plot of roughly 0.244 of an acre, or 987m². The below map shows the location of ELM HAYES, 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 ELM HAYES). 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 ELM HAYES?

ELM HAYES is located on ELM FARM LANE in COLYFORD, in the EX24 postcode district. The below map shows the position of ELM HAYES on ELM FARM LANE.