FORNETH, HENSLEIGH DRIVE, EXETER, EX2 4NZ - £890,000

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.

FORNETH is a very large extended detached house of 267m², built sometime between 1967 and 1975, which could now be worth an estimated £1,211,338. It was last sold for £890,000 in March 2016, which was around 124% above the average March 2016 detached price in the Exeter local authority area. The most recent EPC inspection was December 2015, where the current energy rating was C, and the potential energy rating was C.

FORNETH Sold Prices

Land registry data shows three sales for FORNETH since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Exeter local authority area for the corresponding sale date. All of the three FORNETH sales were 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
2016 30 MAR	£890,000	£396,594	124% above HPI
2014 26 FEB	£615,000	£352,541	74% above HPI
2007 1 OCT	£490,000	£334,329	47% above HPI

FORNETH Price Paid vs. HPI Average

The below graph shows the average detached house price in the Exeter local authority area over time, sourced from the HPI. The three FORNETH sales between October 2007 and March 2016 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 February 2014 sale was for 74% above the HPI. So the extrapolation line tracks at 74% above the HPI over time, until the March 2016 sale, where it rises to 124% above the HPI. The line then continues to track at 124% above the HPI.

What might FORNETH be worth now?

FORNETH might now be worth an estimated £1,211,338.

This is based on house price inflation of 36.1%, between March 2016 and March 2025, for detached houses, in the Exeter local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 36.1% inflationary increase is applied to the most recent sale price for FORNETH of £890,000 on 30th March 2016. For the value to have increased from £890,000 to £1,211,338 over the nine years to March 2025, the following assumptions must hold true:

• The value of FORNETH has moved in line with the HPI for detached houses in the Exeter local authority area.
• The March 2016 sale price of £890,000 represented a fair market value for the property.
• The size, condition, and specification of FORNETH has not materially changed since March 2016.

How Large is FORNETH?

FORNETH is 267m², which includes three extensions, according to the EPC inspection conducted in December 2015. This puts it in the largest 10% of detached houses houses in Exeter, based on EPC data. The below chart shows the distribution of detached houses houses by size in Exeter, and where FORNETH lies on this distribution: 98% of detached houses houses are smaller than FORNETH, and 2% of houses are larger. Note that EPC data is not available for all properties in Exeter.

FORNETH: Plot and Title Map

FORNETH sits on a plot of roughly 0.240 of an acre, or 972m². The below map shows the location of FORNETH, 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 FORNETH). 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 FORNETH?

FORNETH is located on HENSLEIGH DRIVE in EXETER, in the EX2 postcode district. The below map shows the position of FORNETH on HENSLEIGH DRIVE.