WATERSMEET, LOWER BROAD OAK ROAD, WEST HILL, OTTERY ST MARY, EX11 1UF - £886,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

WATERSMEET is a very large extended detached house of 246m², built sometime between 1983 and 1990, which could now be worth an estimated £1,033,548. It was last sold for £886,000 in June 2021, which was around 91% above the average June 2021 detached price in the East Devon local authority area. The most recent EPC inspection was July 2010, where the current energy rating was E, and the potential energy rating was E.

WATERSMEET Sold Prices

Land registry data shows four sales for WATERSMEET 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 WATERSMEET 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 28 JUN	£886,000	£462,846	91% above HPI
2012 20 JAN	£545,000	£343,163	59% above HPI
2007 10 AUG	£570,000	£348,161	64% above HPI
2001 23 AUG	£350,000	£177,228	97% above HPI

WATERSMEET 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 WATERSMEET sales between August 2001 and June 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 January 2012 sale was for 59% above the HPI. So the extrapolation line tracks at 59% above the HPI over time, until the June 2021 sale, where it rises to 91% above the HPI. The line then continues to track at 91% above the HPI.

What might WATERSMEET be worth now?

WATERSMEET might now be worth an estimated £1,033,548.

This is based on house price inflation of 16.7%, between June 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 16.7% inflationary increase is applied to the most recent sale price for WATERSMEET of £886,000 on 28th June 2021. For the value to have increased from £886,000 to £1,033,548 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of WATERSMEET has moved in line with the HPI for detached houses in the East Devon local authority area.
• The June 2021 sale price of £886,000 represented a fair market value for the property.
• The size, condition, and specification of WATERSMEET has not materially changed since June 2021.

How Large is WATERSMEET?

WATERSMEET is 246m², which includes one extension, according to the EPC inspection conducted in July 2010. 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 WATERSMEET lies on this distribution: 83% of detached houses houses are smaller than WATERSMEET, and 17% of houses are larger. Note that EPC data is not available for all properties in West Hill.

WATERSMEET: Plot and Title Map

WATERSMEET sits on a plot of roughly 0.645 of an acre, or 2,611m². The below map shows the location of WATERSMEET, 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 WATERSMEET). 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 WATERSMEET?

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