THE REDDINGS, HIGHER BROAD OAK ROAD, WEST HILL, OTTERY ST MARY, EX11 1XJ - £1,125,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

THE REDDINGS is a very large extended detached house of 247m², built sometime between 1976 and 1982. It was last sold for £1,125,000 in November 2021, which was around 136% above the average November 2021 detached price in the East Devon local authority area. The most recent EPC inspection was August 2021, where the current energy rating was C, and the potential energy rating was B.

THE REDDINGS Sold Prices

Land registry data shows four sales for THE REDDINGS 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 THE REDDINGS 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
2021 17 NOV	£1,125,000	£475,897	136% above HPI
2017 26 MAY	£935,000	£390,554	139% above HPI
2014 4 JUL	£618,500	£347,494	78% above HPI
1998 8 SEP	£240,000	£118,547	102% above HPI

THE REDDINGS 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 THE REDDINGS sales between September 1998 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 May 2017 sale was for 139% above the HPI. So the extrapolation line tracks at 139% above the HPI over time, until the November 2021 sale, where it falls to 136% above the HPI. The line then continues to track at 136% above the HPI.

How Large is THE REDDINGS?

THE REDDINGS is 247m², which includes two extensions, according to the EPC inspection conducted in August 2021. This puts it in the largest 20% of detached houses in West Hill, based on EPC data. The below chart shows the distribution of detached houses by size in West Hill, and where THE REDDINGS lies on this distribution: 84% of detached houses are smaller than THE REDDINGS, and 16% of houses are larger. Note that EPC data is not available for all properties in West Hill.

THE REDDINGS: Plot and Title Map

THE REDDINGS sits on a plot of roughly 0.713 of an acre, or 2,886m². The below map shows the location of THE REDDINGS, 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 REDDINGS). 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 REDDINGS?

THE REDDINGS is located on HIGHER BROAD OAK ROAD in WEST HILL, in the EX11 postcode district. The below map shows the position of THE REDDINGS on HIGHER BROAD OAK ROAD.