HOLLY BANK, 12B, WILLAND ROAD, CULLOMPTON, EX15 1AP - £467,500

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.

HOLLY BANK is a very large detached house of 181m², which could now be worth an estimated £517,791. It was last sold for £467,500 in June 2021, which was around 23% above the average June 2021 detached price in the Mid Devon local authority area. The most recent EPC inspection was September 2019, where the current energy rating was B, and the potential energy rating was A.

HOLLY BANK Sold Prices

Land registry data shows two sales for HOLLY BANK since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Mid Devon local authority area for the corresponding sale date. Both of the two HOLLY BANK 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
2021 22 JUN	£467,500	£380,753	23% above HPI
2020 8 APR	£410,000	£373,281	10% above HPI

HOLLY BANK 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 two HOLLY BANK sales from April 2020 and June 2021 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 April 2020 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the June 2021 sale, where it rises to 23% above the HPI. The line then continues to track at 23% above the HPI.

What might HOLLY BANK be worth now?

HOLLY BANK might now be worth an estimated £517,791.

This is based on house price inflation of 10.8%, between June 2021 and February 2025, 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 10.8% inflationary increase is applied to the most recent sale price for HOLLY BANK of £467,500 on 22nd June 2021. For the value to have increased from £467,500 to £517,791 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of HOLLY BANK has moved in line with the HPI for detached houses in the Mid Devon local authority area.
• The June 2021 sale price of £467,500 represented a fair market value for the property.
• The size, condition, and specification of HOLLY BANK has not materially changed since June 2021.

How Large is HOLLY BANK?

HOLLY BANK is 181m² according to the EPC inspection conducted in September 2019. This puts it in the largest 10% of detached houses houses in Cullompton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cullompton, and where HOLLY BANK lies on this distribution: 96% of detached houses houses are smaller than HOLLY BANK, and 4% of houses are larger. Note that EPC data is not available for all properties in Cullompton.

HOLLY BANK: Plot and Title Map

HOLLY BANK sits on a plot of roughly 0.109 of an acre, or 440m². The below map shows the location of HOLLY BANK, 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 HOLLY BANK). 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 HOLLY BANK?

HOLLY BANK is located on WILLAND ROAD in CULLOMPTON, in the EX15 postcode district. The below map shows the position of HOLLY BANK on WILLAND ROAD.