OAKBANK, HIGHER BROAD OAK ROAD, WEST HILL, OTTERY ST MARY, EX11 1XJ - £875,000

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.

OAKBANK is a large extended detached house of 215m², built sometime between 1950 and 1966, which could now be worth an estimated £1,400,266. It was last sold for £875,000 in May 2010, which was around 159% above the average May 2010 detached price in the East Devon local authority area. The most recent EPC inspection was February 2010, where the current energy rating was C, and the potential energy rating was C.

OAKBANK Sold Prices

Land registry data shows four sales for OAKBANK since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Devon local authority area for the corresponding sale date. All of the four OAKBANK sales 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
2010 21 MAY	£875,000	£337,389	159% above HPI
2004 11 MAY	£475,000	£288,350	65% above HPI
1999 9 AUG	£215,000	£127,620	68% above HPI
1995 1 FEB	£117,000	£98,819	18% above HPI

OAKBANK 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 four OAKBANK sales between February 1995 and May 2010 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 2004 sale was for 65% above the HPI. So the extrapolation line tracks at 65% above the HPI over time, until the May 2010 sale, where it rises to 159% above the HPI. The line then continues to track at 159% above the HPI.

What might OAKBANK be worth now?

OAKBANK might now be worth an estimated £1,400,266.

This is based on house price inflation of 60%, between May 2010 and February 2025, 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 60% inflationary increase is applied to the most recent sale price for OAKBANK of £875,000 on 21st May 2010. For the value to have increased from £875,000 to £1,400,266 over the fifteen years and three months to February 2025, the following assumptions must hold true:

• The value of OAKBANK has moved in line with the HPI for detached houses in the East Devon local authority area.
• The May 2010 sale price of £875,000 represented a fair market value for the property.
• The size, condition, and specification of OAKBANK has not materially changed since May 2010.

How Large is OAKBANK?

OAKBANK is 215m², which includes one extension, according to the EPC inspection conducted in February 2010. This puts it in the largest 30% of detached houses houses in West Hill, based on EPC data. The below chart shows the distribution of detached houses houses by size in West Hill, and where OAKBANK lies on this distribution: 71% of detached houses houses are smaller than OAKBANK, and 29% of houses are larger. Note that EPC data is not available for all properties in West Hill.

OAKBANK: Plot and Title Map

OAKBANK sits on a plot of roughly 0.625 of an acre, or 2,530m². The below map shows the location of OAKBANK, 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 OAKBANK). 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 OAKBANK?

OAKBANK is located on HIGHER BROAD OAK ROAD in WEST HILL, in the EX11 postcode district. The below map shows the position of OAKBANK on HIGHER BROAD OAK ROAD.