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

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 REDDINGS is a very large extended detached house of 247m², built sometime between 1976 and 1982, which could now be worth an estimated £1,239,846. It was last sold for £1,125,000 in November 2021, which was around 130% 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	£489,912	130% above HPI
2017 26 MAY	£935,000	£402,055	133% above HPI
2014 4 JUL	£618,500	£357,728	73% above HPI
1998 8 SEP	£240,000	£122,038	97% 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 133% above the HPI. So the extrapolation line tracks at 133% above the HPI over time, until the November 2021 sale, where it falls to 130% above the HPI. The line then continues to track at 130% above the HPI.

What might THE REDDINGS be worth now?

THE REDDINGS might now be worth an estimated £1,239,846.

This is based on house price inflation of 10.2%, between November 2021 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 10.2% inflationary increase is applied to the most recent sale price for THE REDDINGS of £1,125,000 on 17th November 2021. For the value to have increased from £1,125,000 to £1,239,846 over the four years and nine months to February 2025, the following assumptions must hold true:

• The value of THE REDDINGS has moved in line with the HPI for detached houses in the East Devon local authority area.
• The November 2021 sale price of £1,125,000 represented a fair market value for the property.
• The size, condition, and specification of THE REDDINGS has not materially changed since November 2021.

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 houses in West Hill, based on EPC data. The below chart shows the distribution of detached houses houses by size in West Hill, and where THE REDDINGS lies on this distribution: 84% of detached houses 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.