HI WAYS, HONITON ROAD, CULLOMPTON, EX15 1NX - £267,000

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

HI WAYS is a small detached house of 84m², built sometime between 1983 and 1990, which could now be worth an estimated £255,788. It was last sold for £267,000 in November 2024, which was around 41% below the average November 2024 detached price in the Mid Devon local authority area. The most recent EPC inspection was January 2024, where the current energy rating was D, and the potential energy rating was B.

HI WAYS Sold Prices

Land registry data shows three sales for HI WAYS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Mid Devon local authority area for the corresponding sale date. All of the three HI WAYS 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
2024 11 NOV	£267,000	£453,791	41% below HPI
2007 12 OCT	£249,950	£320,605	22% below HPI
2001 2 APR	£115,000	£146,175	21% below HPI

HI WAYS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Mid Devon local authority area over time, sourced from the HPI. The three HI WAYS sales between April 2001 and November 2024 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 October 2007 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the November 2024 sale, where it falls to 41% below the HPI. The line then continues to track at 41% below the HPI.

What might HI WAYS be worth now?

HI WAYS might now be worth an estimated £255,788.

This is based on house price deflation of 4.2%, between November 2024 and December 2024, for detached houses, in the Mid Devon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 4.2% deflationary decrease is applied to the most recent sale price for HI WAYS of £267,000 on 11th November 2024. For the value to have decreased from £267,000 to £255,788 over the eleven months to December 2024, the following assumptions must hold true:

• The value of HI WAYS has moved in line with the HPI for detached houses in the Mid Devon local authority area.
• The November 2024 sale price of £267,000 represented a fair market value for the property.
• The size, condition, and specification of HI WAYS has not materially changed since November 2024.

How Large is HI WAYS?

HI WAYS is 84m² according to the EPC inspection conducted in January 2024. This puts it in the smallest 30% of detached houses houses in Stoneyford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Stoneyford, and where HI WAYS lies on this distribution: 25% of detached houses houses are smaller than HI WAYS, and 75% of houses are larger. Note that EPC data is not available for all properties in Stoneyford.

HI WAYS: Plot and Title Map

HI WAYS sits on a plot of roughly 0.096 of an acre, or 390m². The below map shows the location of HI WAYS, 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 HI WAYS). 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 HI WAYS?

HI WAYS is located on HONITON ROAD in CULLOMPTON, in the EX15 postcode district. The below map shows the position of HI WAYS on HONITON ROAD.