FIR TREES, WILLHAY LANE, AXMINSTER, EX13 5RW - £325,000

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

FIR TREES is a large detached house of 114m², built sometime between 1983 and 1990, which could now be worth an estimated £463,209. It was last sold for £325,000 in December 2015, which was around 14% below the average December 2015 detached price in the East Devon local authority area. The most recent EPC inspection was September 2013, where the current energy rating was D, and the potential energy rating was C.

FIR TREES Sold Prices

Land registry data shows two sales for FIR TREES 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 FIR TREES sales was for below the average price, whilst the other was for above 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
2015 18 DEC	£325,000	£378,826	14% below HPI
2000 8 MAY	£159,950	£148,663	8% above HPI

FIR TREES 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 FIR TREES sales from May 2000 and December 2015 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 May 2000 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the December 2015 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might FIR TREES be worth now?

FIR TREES might now be worth an estimated £463,209.

This is based on house price inflation of 42.5%, between December 2015 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 42.5% inflationary increase is applied to the most recent sale price for FIR TREES of £325,000 on 18th December 2015. For the value to have increased from £325,000 to £463,209 over the ten years and ten months to February 2025, the following assumptions must hold true:

• The value of FIR TREES has moved in line with the HPI for detached houses in the East Devon local authority area.
• The December 2015 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of FIR TREES has not materially changed since December 2015.

How Large is FIR TREES?

FIR TREES is 114m² according to the EPC inspection conducted in September 2013. This puts it in the largest 40% of detached houses houses in Axminster, based on EPC data. The below chart shows the distribution of detached houses houses by size in Axminster, and where FIR TREES lies on this distribution: 64% of detached houses houses are smaller than FIR TREES, and 36% of houses are larger. Note that EPC data is not available for all properties in Axminster.

FIR TREES: Plot and Title Map

FIR TREES sits on a plot of roughly 0.149 of an acre, or 605m². The below map shows the location of FIR TREES, 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 FIR TREES). 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 FIR TREES?

FIR TREES is located on WILLHAY LANE in AXMINSTER, in the EX13 postcode district. The below map shows the position of FIR TREES on WILLHAY LANE.