SHANGRI LA, HOPE ROAD, EXETER, EX2 5HS - £393,000

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

SHANGRI LA is a small detached house of 98m², built sometime between 1976 and 1982. It was last sold for £393,000 in November 2021, which was around 19% below the average November 2021 detached price in the Exeter local authority area. The most recent EPC inspection was August 2021, where the current energy rating was E, and the potential energy rating was B.

SHANGRI LA Sold Prices

Land registry data shows two sales for SHANGRI LA since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Exeter local authority area for the corresponding sale date. Both of the two SHANGRI LA sales were 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 1 NOV	£393,000	£485,032	19% below HPI
2000 11 FEB	£102,000	£134,522	24% below HPI

SHANGRI LA Price Paid vs. HPI Average

The below graph shows the average detached house price in the Exeter local authority area over time, sourced from the HPI. The two SHANGRI LA sales from February 2000 and November 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 February 2000 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the November 2021 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might SHANGRI LA be worth now?

SHANGRI LA might now be worth an estimated £435,567.

This is based on house price inflation of 10.8%, between November 2021 and December 2024, for detached houses, in the Exeter local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 10.8% inflationary increase is applied to the most recent sale price for SHANGRI LA of £393,000 on 1st November 2021. For the value to have increased from £393,000 to £435,567 over the two years and eleven months to December 2024, the following assumptions must hold true:

• The value of SHANGRI LA has moved in line with the HPI for detached houses in the Exeter local authority area.
• The November 2021 sale price of £393,000 represented a fair market value for the property.
• The size, condition, and specification of SHANGRI LA has not materially changed since November 2021.

How Large is SHANGRI LA?

SHANGRI LA is 98m² according to the EPC inspection conducted in August 2021. This puts it in the smallest 40% of detached houses houses in Exeter, based on EPC data. The below chart shows the distribution of detached houses houses by size in Exeter, and where SHANGRI LA lies on this distribution: 30% of detached houses houses are smaller than SHANGRI LA, and 69% of houses are larger. Note that EPC data is not available for all properties in Exeter.

SHANGRI LA: Plot and Title Map

SHANGRI LA sits on a plot of roughly 0.180 of an acre, or 730m². The below map shows the location of SHANGRI LA, 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 SHANGRI LA). 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 SHANGRI LA?

SHANGRI LA is located on HOPE ROAD in EXETER, in the EX2 postcode district. The below map shows the position of SHANGRI LA on HOPE ROAD.