RIDGEWAY COTTAGE, EXETER ROAD, HONITON, EX14 1AL - £155,000

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.

RIDGEWAY COTTAGE is a very small detached house of 61m², built sometime before 1900, which could now be worth an estimated £193,220. It was last sold for £155,000 in June 2020, which was around 64% below the average June 2020 detached price in the East Devon local authority area. The most recent EPC inspection was October 2012, where the current energy rating was F, and the potential energy rating was C.

RIDGEWAY COTTAGE Sold Prices

Land registry data shows two sales for RIDGEWAY COTTAGE 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. One of the two RIDGEWAY COTTAGE sales was for below the average price, whilst the other was roughly equal to 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
2020 12 JUN	£155,000	£433,125	64% below HPI
2005 15 DEC	£300,000	£298,905	Close to HPI

RIDGEWAY COTTAGE 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 RIDGEWAY COTTAGE sales from December 2005 and June 2020 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 December 2005 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the June 2020 sale, where it falls to 64% below the HPI. The line then continues to track at 64% below the HPI.

What might RIDGEWAY COTTAGE be worth now?

RIDGEWAY COTTAGE might now be worth an estimated £193,220.

This is based on house price inflation of 24.7%, between June 2020 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 24.7% inflationary increase is applied to the most recent sale price for RIDGEWAY COTTAGE of £155,000 on 12th June 2020. For the value to have increased from £155,000 to £193,220 over the five years and four months to February 2025, the following assumptions must hold true:

• The value of RIDGEWAY COTTAGE has moved in line with the HPI for detached houses in the East Devon local authority area.
• The June 2020 sale price of £155,000 represented a fair market value for the property.
• The size, condition, and specification of RIDGEWAY COTTAGE has not materially changed since June 2020.

How Large is RIDGEWAY COTTAGE?

RIDGEWAY COTTAGE is 61m² according to the EPC inspection conducted in October 2012. This puts it in the smallest 10% of detached houses houses in Honiton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Honiton, and where RIDGEWAY COTTAGE lies on this distribution: 4% of detached houses houses are smaller than RIDGEWAY COTTAGE, and 96% of houses are larger. Note that EPC data is not available for all properties in Honiton.

RIDGEWAY COTTAGE: Plot and Title Map

RIDGEWAY COTTAGE sits on a plot of roughly 0.038 of an acre, or 155m². The below map shows the location of RIDGEWAY COTTAGE, 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 RIDGEWAY COTTAGE). 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 RIDGEWAY COTTAGE?

RIDGEWAY COTTAGE is located on EXETER ROAD in HONITON, in the EX14 postcode district. The below map shows the position of RIDGEWAY COTTAGE on EXETER ROAD.