PROSPECT HOUSE, HILLHEAD, COLYTON, EX24 6NJ - £580,000

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

PROSPECT HOUSE is a very large detached house of 157m², built sometime between 2003 and 2006, which could now be worth an estimated £717,473. It was last sold for £580,000 in December 2018, which was around 32% above the average December 2018 detached price in the East Devon local authority area. The most recent EPC inspection was March 2024, where the current energy rating was C, and the potential energy rating was C.

PROSPECT HOUSE Sold Prices

Land registry data shows four sales for PROSPECT HOUSE 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 PROSPECT HOUSE 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
2018 3 DEC	£580,000	£438,887	32% above HPI
2015 23 NOV	£462,500	£383,587	21% above HPI
2010 21 JUL	£426,000	£345,522	23% above HPI
2004 28 MAY	£384,000	£288,350	33% above HPI

PROSPECT HOUSE 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 PROSPECT HOUSE sales between May 2004 and December 2018 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 November 2015 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the December 2018 sale, where it rises to 32% above the HPI. The line then continues to track at 32% above the HPI.

What might PROSPECT HOUSE be worth now?

PROSPECT HOUSE might now be worth an estimated £717,473.

This is based on house price inflation of 23.7%, between December 2018 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 23.7% inflationary increase is applied to the most recent sale price for PROSPECT HOUSE of £580,000 on 3rd December 2018. For the value to have increased from £580,000 to £717,473 over the six years to December 2024, the following assumptions must hold true:

• The value of PROSPECT HOUSE has moved in line with the HPI for detached houses in the East Devon local authority area.
• The December 2018 sale price of £580,000 represented a fair market value for the property.
• The size, condition, and specification of PROSPECT HOUSE has not materially changed since December 2018.

How Large is PROSPECT HOUSE?

PROSPECT HOUSE is 157m² according to the EPC inspection conducted in March 2024. This puts it in the largest 10% of detached houses houses in Colyton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Colyton, and where PROSPECT HOUSE lies on this distribution: 92% of detached houses houses are smaller than PROSPECT HOUSE, and 7% of houses are larger. Note that EPC data is not available for all properties in Colyton.

PROSPECT HOUSE: Plot and Title Map

PROSPECT HOUSE sits on a plot of roughly 0.160 of an acre, or 646m². The below map shows the location of PROSPECT HOUSE, 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 PROSPECT HOUSE). 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 PROSPECT HOUSE?

PROSPECT HOUSE is located on HILLHEAD in COLYTON, in the EX24 postcode district. The below map shows the position of PROSPECT HOUSE on HILLHEAD.