ORCHARD LEE, ROSEMARY LANE, MUSBURY, AXMINSTER, EX13 8AS - £700,000

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

ORCHARD LEE is a very large extended detached house of 174m², built sometime before 1900. It was last sold for £700,000 in January 2022, which was around 48% above the average January 2022 detached price in the East Devon local authority area. The most recent EPC inspection was July 2021, where the current energy rating was D, and the potential energy rating was B.

ORCHARD LEE Sold Prices

Land registry data shows two sales for ORCHARD LEE 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 ORCHARD LEE 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
2022 13 JAN	£700,000	£473,724	48% above HPI
2011 22 JUN	£595,000	£328,224	81% above HPI

ORCHARD LEE 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 ORCHARD LEE sales from June 2011 and January 2022 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 2011 sale was for 81% above the HPI. So the extrapolation line tracks at 81% above the HPI over time, until the January 2022 sale, where it falls to 48% above the HPI. The line then continues to track at 48% above the HPI.

How Large is ORCHARD LEE?

ORCHARD LEE is 174m², which includes two extensions, according to the EPC inspection conducted in July 2021. This puts it in the largest 10% of detached houses in Musbury, based on EPC data. The below chart shows the distribution of detached houses by size in Musbury, and where ORCHARD LEE lies on this distribution: 93% of detached houses are smaller than ORCHARD LEE, and 7% of houses are larger. Note that EPC data is not available for all properties in Musbury.

ORCHARD LEE: Plot and Title Map

ORCHARD LEE sits on a plot of roughly 0.054 of an acre, or 218m². The below map shows the location of ORCHARD LEE, 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 ORCHARD LEE). 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 ORCHARD LEE?

ORCHARD LEE is located on ROSEMARY LANE in MUSBURY, in the EX13 postcode district. The below map shows the position of ORCHARD LEE on ROSEMARY LANE.