OAK TREE, COLWAY LANE, LYME REGIS, DT7 3BG - £485,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

OAK TREE is a small detached house of 118m², built sometime between 1930 and 1949. It was last sold for £485,000 in June 2021, which was around 8% above the average June 2021 detached price in the Dorset local authority area. The most recent EPC inspection was March 2021, where the current energy rating was E, and the potential energy rating was C.

OAK TREE Sold Prices

Land registry data shows two sales for OAK TREE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Dorset local authority area for the corresponding sale date. One of the two OAK TREE 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
2021 30 JUN	£485,000	£450,600	8% above HPI
2005 22 APR	£275,000	£282,952	3% below HPI

OAK TREE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Dorset local authority area over time, sourced from the HPI. The two OAK TREE sales from April 2005 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 2005 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the June 2021 sale, where it rises to 8% above the HPI. The line then continues to track at 8% above the HPI.

How Large is OAK TREE?

OAK TREE is 118m² according to the EPC inspection conducted in March 2021. This puts it in the smallest 40% of detached houses in Lyme Regis, based on EPC data. The below chart shows the distribution of detached houses by size in Lyme Regis, and where OAK TREE lies on this distribution: 39% of detached houses are smaller than OAK TREE, and 60% of houses are larger. Note that EPC data is not available for all properties in Lyme Regis.

OAK TREE: Plot and Title Map

OAK TREE sits on a plot of roughly 0.120 of an acre, or 484m². The below map shows the location of OAK TREE, 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 OAK TREE). 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 OAK TREE?

OAK TREE is located on COLWAY LANE in LYME REGIS, in the DT7 postcode district. The below map shows the position of OAK TREE on COLWAY LANE.