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

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

FAIRVIEW is a very small extended detached house of 64m², built sometime between 1950 and 1966. It was last sold for £152,000 in November 2008, which was around 40% 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	£251,441	40% below HPI
2005 29 NOV	£187,000	£261,281	28% below HPI
2002 1 JUL	£118,000	£171,112	31% 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 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the November 2008 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

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 in Chulmleigh, based on EPC data. The below chart shows the distribution of detached houses by size in Chulmleigh, and where FAIRVIEW lies on this distribution: 3% of detached 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.