FAIRVIEW, LEIGH ROAD, CHULMLEIGH, EX18 7BL - £152,000

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

FAIRVIEW is a very small extended detached house of 64m², built sometime between 1950 and 1966, which could now be worth an estimated £254,362. It was last sold for £152,000 in November 2008, which was around 41% below the average November 2008 detached price in the North Devon local authority area. The most recent EPC inspection was November 2019, where the current energy rating was E, and the potential energy rating was C.

FAIRVIEW Sold Prices

Land registry data shows three sales for FAIRVIEW since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Devon local authority area for the corresponding sale date. All of the three FAIRVIEW 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
2008 7 NOV	£152,000	£257,428	41% below HPI
2005 29 NOV	£187,000	£267,501	30% below HPI
2002 1 JUL	£118,000	£175,186	33% below HPI

FAIRVIEW Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Devon local authority area over time, sourced from the HPI. The three FAIRVIEW sales between July 2002 and November 2008 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 November 2005 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the November 2008 sale, where it falls to 41% below the HPI. The line then continues to track at 41% below the HPI.

What might FAIRVIEW be worth now?

FAIRVIEW might now be worth an estimated £254,362.

This is based on house price inflation of 67.3%, between November 2008 and December 2024, for detached houses, in the North Devon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 67.3% inflationary increase is applied to the most recent sale price for FAIRVIEW of £152,000 on 7th November 2008. For the value to have increased from £152,000 to £254,362 over the fifteen years and eleven months to December 2024, the following assumptions must hold true:

• The value of FAIRVIEW has moved in line with the HPI for detached houses in the North Devon local authority area.
• The November 2008 sale price of £152,000 represented a fair market value for the property.
• The size, condition, and specification of FAIRVIEW has not materially changed since November 2008.

How Large is FAIRVIEW?

FAIRVIEW is 64m², which includes one extension, according to the EPC inspection conducted in November 2019. This puts it in the smallest 10% of detached houses houses in Chulmleigh, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chulmleigh, and where FAIRVIEW lies on this distribution: 3% of detached houses houses are smaller than FAIRVIEW, and 97% of houses are larger. Note that EPC data is not available for all properties in Chulmleigh.

FAIRVIEW: Plot and Title Map

FAIRVIEW sits on a plot of roughly 0.136 of an acre, or 551m². The below map shows the location of FAIRVIEW, 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 FAIRVIEW). 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 FAIRVIEW?

FAIRVIEW is located on LEIGH ROAD in CHULMLEIGH, in the EX18 postcode district. The below map shows the position of FAIRVIEW on LEIGH ROAD.