THE VEE, BENDARROCH ROAD, WEST HILL, OTTERY ST. MARY, EX11 1TS - £378,000

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 VEE is a very small detached house of 118m², built sometime between 1967 and 1975, which could now be worth an estimated £580,312. It was last sold for £378,000 in March 2008, which was around 7% above the average March 2008 detached price in the East Devon local authority area. The most recent EPC inspection was September 2023, where the current energy rating was D, and the potential energy rating was B.

THE VEE Sold Prices

Land registry data shows two sales for THE VEE 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. Both of the two THE VEE 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
2008 17 MAR	£378,000	£353,639	7% above HPI
1997 7 MAY	£127,000	£102,306	24% above HPI

THE VEE 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 THE VEE sales from May 1997 and March 2008 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 1997 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the March 2008 sale, where it falls to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might THE VEE be worth now?

THE VEE might now be worth an estimated £580,312.

This is based on house price inflation of 53.5%, between March 2008 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 53.5% inflationary increase is applied to the most recent sale price for THE VEE of £378,000 on 17th March 2008. For the value to have increased from £378,000 to £580,312 over the fifteen years and three months to December 2024, the following assumptions must hold true:

• The value of THE VEE has moved in line with the HPI for detached houses in the East Devon local authority area.
• The March 2008 sale price of £378,000 represented a fair market value for the property.
• The size, condition, and specification of THE VEE has not materially changed since March 2008.

How Large is THE VEE?

THE VEE is 118m² according to the EPC inspection conducted in September 2023. This puts it in the smallest 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 VEE lies on this distribution: 16% of detached houses houses are smaller than THE VEE, and 84% of houses are larger. Note that EPC data is not available for all properties in West Hill.

THE VEE: Plot and Title Map

THE VEE sits on a plot of roughly 0.360 of an acre, or 1,456m². The below map shows the location of THE VEE, 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 VEE). 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 VEE?

THE VEE is located on BENDARROCH ROAD in WEST HILL, in the EX11 postcode district. The below map shows the position of THE VEE on BENDARROCH ROAD.