LAUREL COTTAGE, SOUTH VIEW ROAD, WILLAND, CULLOMPTON, EX15 2QH - £112,500

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

LAUREL COTTAGE is a very small terraced house of 48m², built sometime between 1900 and 1929, which could now be worth an estimated £108,041. It was last sold for £112,500 in June 2024, which was around 51% below the average June 2024 terraced price in the Mid Devon local authority area. The most recent EPC inspection was May 2024, where the current energy rating was D, and the potential energy rating was C.

LAUREL COTTAGE Sold Prices

Land registry data shows three sales for LAUREL COTTAGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Mid Devon local authority area for the corresponding sale date. One of the three LAUREL COTTAGE sales was for below the average price, whilst two 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
2024 25 JUN	£112,500	£230,923	51% below HPI
2009 22 DEC	£330,000	£144,991	128% above HPI
2003 10 JAN	£263,000	£96,743	172% above HPI

LAUREL COTTAGE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Mid Devon local authority area over time, sourced from the HPI. The three LAUREL COTTAGE sales between January 2003 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 December 2009 sale was for 128% above the HPI. So the extrapolation line tracks at 128% above the HPI over time, until the June 2024 sale, where it falls to 51% below the HPI. The line then continues to track at 51% below the HPI.

What might LAUREL COTTAGE be worth now?

LAUREL COTTAGE might now be worth an estimated £108,041.

This is based on house price deflation of 4%, between June 2024 and February 2025, for terraced 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% deflationary decrease is applied to the most recent sale price for LAUREL COTTAGE of £112,500 on 25th June 2024. For the value to have decreased from £112,500 to £108,041 over the one year and four months to February 2025, the following assumptions must hold true:

• The value of LAUREL COTTAGE has moved in line with the HPI for terraced houses in the Mid Devon local authority area.
• The June 2024 sale price of £112,500 represented a fair market value for the property.
• The size, condition, and specification of LAUREL COTTAGE has not materially changed since June 2024.

How Large is LAUREL COTTAGE?

LAUREL COTTAGE is 48m² according to the EPC inspection conducted in May 2024. This puts it in the smallest 10% of terraced houses houses in Willand, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Willand, and where LAUREL COTTAGE lies on this distribution: Less than 1% of terraced houses houses are smaller than LAUREL COTTAGE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Willand.

LAUREL COTTAGE: Plot and Title Map

LAUREL COTTAGE sits on a plot of roughly 0.033 of an acre, or 133m². The below map shows the location of LAUREL COTTAGE, 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 LAUREL COTTAGE). 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 LAUREL COTTAGE?

LAUREL COTTAGE is located on SOUTH VIEW ROAD in WILLAND, in the EX15 postcode district. The below map shows the position of LAUREL COTTAGE on SOUTH VIEW ROAD.