UNDERMEAD, VENLAKE, UPLYME, LYME REGIS, DT7 3SE - £157,000

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

UNDERMEAD is a very small detached house of 46m², built sometime between 1967 and 1975, which could now be worth an estimated £254,252. It was last sold for £157,000 in May 2007, which was around 53% below the average May 2007 detached price in the East Devon local authority area. The most recent EPC inspection was September 2018, where the current energy rating was E, and the potential energy rating was C.

UNDERMEAD Sold Prices

Land registry data shows three sales for UNDERMEAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Devon local authority area for the corresponding sale date. All of the three UNDERMEAD 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
2007 17 MAY	£157,000	£335,248	53% below HPI
2002 25 JAN	£78,000	£187,446	58% below HPI
1996 11 SEP	£37,500	£98,644	62% below HPI

UNDERMEAD 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 three UNDERMEAD sales between September 1996 and May 2007 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 January 2002 sale was for 58% below the HPI. So the extrapolation line tracks at 58% below the HPI over time, until the May 2007 sale, where it rises to 53% below the HPI. The line then continues to track at 53% below the HPI.

What might UNDERMEAD be worth now?

UNDERMEAD might now be worth an estimated £254,252.

This is based on house price inflation of 61.9%, between May 2007 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 61.9% inflationary increase is applied to the most recent sale price for UNDERMEAD of £157,000 on 17th May 2007. For the value to have increased from £157,000 to £254,252 over the sixteen years and five months to December 2024, the following assumptions must hold true:

• The value of UNDERMEAD has moved in line with the HPI for detached houses in the East Devon local authority area.
• The May 2007 sale price of £157,000 represented a fair market value for the property.
• The size, condition, and specification of UNDERMEAD has not materially changed since May 2007.

How Large is UNDERMEAD?

UNDERMEAD is 46m² according to the EPC inspection conducted in September 2018. This puts it in the smallest 10% of detached houses houses in Uplyme, based on EPC data. The below chart shows the distribution of detached houses houses by size in Uplyme, and where UNDERMEAD lies on this distribution: 1% of detached houses houses are smaller than UNDERMEAD, and 99% of houses are larger. Note that EPC data is not available for all properties in Uplyme.

UNDERMEAD: Plot and Title Map

UNDERMEAD sits on a plot of roughly 0.058 of an acre, or 236m². The below map shows the location of UNDERMEAD, 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 UNDERMEAD). 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 UNDERMEAD?

UNDERMEAD is located on VENLAKE in UPLYME, in the DT7 postcode district. The below map shows the position of UNDERMEAD on VENLAKE.