MIDHAYES, HAYES LANE, OTTERTON, BUDLEIGH SALTERTON, EX9 7JS - £480,000

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

MIDHAYES is a midsized detached house of 123m², built sometime between 1930 and 1949, which could now be worth an estimated £728,482. It was last sold for £480,000 in July 2014, which was around 34% above the average July 2014 detached price in the East Devon local authority area. The most recent EPC inspection was June 2013, where the current energy rating was D, and the potential energy rating was B.

MIDHAYES Sold Prices

Land registry data shows two sales for MIDHAYES since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Devon local authority area for the corresponding sale date. One of the two MIDHAYES sales was for above the average price, whilst the other was 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
2014 30 JUL	£480,000	£357,728	34% above HPI
2002 31 MAY	£167,500	£203,144	18% below HPI

MIDHAYES Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Devon local authority area over time, sourced from the HPI. The two MIDHAYES sales from May 2002 and July 2014 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 2002 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the July 2014 sale, where it rises to 34% above the HPI. The line then continues to track at 34% above the HPI.

What might MIDHAYES be worth now?

MIDHAYES might now be worth an estimated £728,482.

This is based on house price inflation of 51.8%, between July 2014 and December 2024, for detached houses, in the East Devon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 51.8% inflationary increase is applied to the most recent sale price for MIDHAYES of £480,000 on 30th July 2014. For the value to have increased from £480,000 to £728,482 over the nine years and seven months to December 2024, the following assumptions must hold true:

• The value of MIDHAYES has moved in line with the HPI for detached houses in the East Devon local authority area.
• The July 2014 sale price of £480,000 represented a fair market value for the property.
• The size, condition, and specification of MIDHAYES has not materially changed since July 2014.

How Large is MIDHAYES?

MIDHAYES is 123m² according to the EPC inspection conducted in June 2013. This puts it in the smallest 50% of detached houses houses in Otterton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Otterton, and where MIDHAYES lies on this distribution: 47% of detached houses houses are smaller than MIDHAYES, and 53% of houses are larger. Note that EPC data is not available for all properties in Otterton.

MIDHAYES: Plot and Title Map

MIDHAYES sits on a plot of roughly 0.274 of an acre, or 1,110m². The below map shows the location of MIDHAYES, 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 MIDHAYES). 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 MIDHAYES?

MIDHAYES is located on HAYES LANE in OTTERTON, in the EX9 postcode district. The below map shows the position of MIDHAYES on HAYES LANE.