THE COTTAGE, UNION STREET, EXMOUTH, EX8 1HZ - £150,000

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

THE COTTAGE is a very small detached house of 57m², built sometime before 1900. It was last sold for £150,000 in March 2016, which was around 61% below the average March 2016 detached price in the East Devon local authority area. The most recent EPC inspection was November 2013, where the current energy rating was E, and the potential energy rating was C.

THE COTTAGE Sold Prices

Land registry data shows five sales for THE COTTAGE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the East Devon local authority area for the corresponding sale date. All of the five THE COTTAGE 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
2016 24 MAR	£150,000	£379,872	61% below HPI
2008 1 AUG	£105,000	£340,186	69% below HPI
2007 30 NOV	£150,000	£349,881	57% below HPI
2004 15 NOV	£150,000	£300,713	50% below HPI
2002 19 JUN	£96,500	£210,999	54% below HPI

THE 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 five THE COTTAGE sales between June 2002 and March 2016 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 August 2008 sale was for 69% below the HPI. So the extrapolation line tracks at 69% below the HPI over time, until the March 2016 sale, where it rises to 61% below the HPI. The line then continues to track at 61% below the HPI.

What might THE COTTAGE be worth now?

THE COTTAGE might now be worth an estimated £214,380.

This is based on house price inflation of 42.9%, between March 2016 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 42.9% inflationary increase is applied to the most recent sale price for THE COTTAGE of £150,000 on 24th March 2016. For the value to have increased from £150,000 to £214,380 over the seven years and three months to December 2024, the following assumptions must hold true:

• The value of THE COTTAGE has moved in line with the HPI for detached houses in the East Devon local authority area.
• The March 2016 sale price of £150,000 represented a fair market value for the property.
• The size, condition, and specification of THE COTTAGE has not materially changed since March 2016.

How Large is THE COTTAGE?

THE COTTAGE is 57m² according to the EPC inspection conducted in November 2013. This puts it in the smallest 10% of detached houses houses in Exmouth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Exmouth, and where THE COTTAGE lies on this distribution: 1% of detached houses houses are smaller than THE COTTAGE, and 98% of houses are larger. Note that EPC data is not available for all properties in Exmouth.

THE COTTAGE: Plot and Title Map

THE COTTAGE sits on a plot of roughly 0.013 of an acre, or 52m². The below map shows the location of THE 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 THE 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 THE COTTAGE?

THE COTTAGE is located on UNION STREET in EXMOUTH, in the EX8 postcode district. The below map shows the position of THE COTTAGE on UNION STREET.