HILL VILLA, LAPFORD, CREDITON, EX17 6QE - £305,000

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

HILL VILLA is a very small extended detached house of 84m², built sometime before 1900. It was last sold for £305,000 in July 2023, which was around 34% below the average July 2023 detached price in the Mid Devon local authority area. The most recent EPC inspection was January 2023, where the current energy rating was F, and the potential energy rating was B.

HILL VILLA Sold Prices

Land registry data shows four sales for HILL VILLA since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Mid Devon local authority area for the corresponding sale date. All of the four HILL VILLA 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
2023 4 JUL	£305,000	£462,549	34% below HPI
2015 27 NOV	£230,000	£323,682	29% below HPI
2008 19 DEC	£175,000	£266,624	34% below HPI
2001 1 JUN	£98,000	£150,000	35% below HPI

HILL VILLA 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 four HILL VILLA sales between June 2001 and July 2023 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 2015 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the July 2023 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might HILL VILLA be worth now?

HILL VILLA might now be worth an estimated £286,660.

This is based on house price deflation of 6%, between July 2023 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 6% deflationary decrease is applied to the most recent sale price for HILL VILLA of £305,000 on 4th July 2023. For the value to have decreased from £305,000 to £286,660 over the seven months to December 2024, the following assumptions must hold true:

• The value of HILL VILLA has moved in line with the HPI for detached houses in the Mid Devon local authority area.
• The July 2023 sale price of £305,000 represented a fair market value for the property.
• The size, condition, and specification of HILL VILLA has not materially changed since July 2023.

How Large is HILL VILLA?

HILL VILLA is 84m², which includes two extensions, according to the EPC inspection conducted in January 2023. This puts it in the smallest 20% of detached houses houses in Lapford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lapford, and where HILL VILLA lies on this distribution: 20% of detached houses houses are smaller than HILL VILLA, and 78% of houses are larger. Note that EPC data is not available for all properties in Lapford.

HILL VILLA: Plot and Title Map

HILL VILLA sits on a plot of roughly 0.027 of an acre, or 110m². The below map shows the location of HILL VILLA, 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 HILL VILLA). 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 HILL VILLA?

HILL VILLA is located in LAPFORD, in the EX17 postcode district. The below map shows the position of HILL VILLA in LAPFORD.