NEWLANDS, GAMBERLAKE, AXMINSTER, EX13 5JZ - £241,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

NEWLANDS is a very small detached house of 69m², built sometime between 1950 and 1966. It was last sold for £241,000 in March 2016, which was around 35% below the average March 2016 detached price in the East Devon local authority area. The most recent EPC inspection was November 2015, where the current energy rating was D, and the potential energy rating was B.

NEWLANDS Sold Prices

Land registry data shows two sales for NEWLANDS 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. Both of the two NEWLANDS 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
2016 18 MAR	£241,000	£369,005	35% below HPI
2014 30 JUN	£150,750	£343,733	56% below HPI

NEWLANDS 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 NEWLANDS sales from June 2014 and March 2016 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 June 2014 sale was for 56% below the HPI. So the extrapolation line tracks at 56% below the HPI over time, until the March 2016 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is NEWLANDS?

NEWLANDS is 69m² according to the EPC inspection conducted in November 2015. This puts it in the smallest 10% of detached houses in Axminster, based on EPC data. The below chart shows the distribution of detached houses by size in Axminster, and where NEWLANDS lies on this distribution: 7% of detached houses are smaller than NEWLANDS, and 92% of houses are larger. Note that EPC data is not available for all properties in Axminster.

NEWLANDS: Plot and Title Map

NEWLANDS sits on a plot of roughly 0.175 of an acre, or 710m². The below map shows the location of NEWLANDS, 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 NEWLANDS). 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 NEWLANDS?

NEWLANDS is located on GAMBERLAKE in AXMINSTER, in the EX13 postcode district. The below map shows the position of NEWLANDS on GAMBERLAKE.