HOMELEA, CHILSWORTHY, HOLSWORTHY, EX22 7BQ - £345,000

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.

HOMELEA is a very small detached house of 90m², built sometime between 1967 and 1975, which could now be worth an estimated £364,082. It was last sold for £345,000 in June 2024, which was around 10% below the average June 2024 detached price in the Torridge local authority area. The most recent EPC inspection was April 2013, where the current energy rating was D, and the potential energy rating was B.

HOMELEA Sold Prices

Land registry data shows three sales for HOMELEA since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Torridge local authority area for the corresponding sale date. All of the three HOMELEA 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 20 JUN	£345,000	£382,085	10% below HPI
2021 27 MAY	£325,000	£347,612	7% below HPI
2014 16 DEC	£139,750	£269,777	48% below HPI

HOMELEA Price Paid vs. HPI Average

The below graph shows the average detached house price in the Torridge local authority area over time, sourced from the HPI. The three HOMELEA sales between December 2014 and June 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 May 2021 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the June 2024 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might HOMELEA be worth now?

HOMELEA might now be worth an estimated £364,082.

This is based on house price inflation of 5.5%, between June 2024 and February 2025, for detached houses, in the Torridge local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 5.5% inflationary increase is applied to the most recent sale price for HOMELEA of £345,000 on 20th June 2024. For the value to have increased from £345,000 to £364,082 over the one year and four months to February 2025, the following assumptions must hold true:

• The value of HOMELEA has moved in line with the HPI for detached houses in the Torridge local authority area.
• The June 2024 sale price of £345,000 represented a fair market value for the property.
• The size, condition, and specification of HOMELEA has not materially changed since June 2024.

How Large is HOMELEA?

HOMELEA is 90m² according to the EPC inspection conducted in April 2013. This puts it in the smallest 20% of detached houses houses in Chilsworthy, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chilsworthy, and where HOMELEA lies on this distribution: 17% of detached houses houses are smaller than HOMELEA, and 83% of houses are larger. Note that EPC data is not available for all properties in Chilsworthy.

HOMELEA: Plot and Title Map

HOMELEA sits on a plot of roughly 0.193 of an acre, or 782m². The below map shows the location of HOMELEA, 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 HOMELEA). 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 HOMELEA?

HOMELEA is located in CHILSWORTHY, in the EX22 postcode district. The below map shows the position of HOMELEA in CHILSWORTHY.