WESTWAYS, AXMINSTER ROAD, MUSBURY, AXMINSTER, EX13 8AZ - £555,000

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

WESTWAYS is a small detached house of 106m², built sometime between 1900 and 1929. It was last sold for £555,000 in May 2021, which was around 24% above the average May 2021 detached price in the East Devon local authority area. The most recent EPC inspection was May 2017, where the current energy rating was F, and the potential energy rating was C.

WESTWAYS Sold Prices

Land registry data shows two sales for WESTWAYS 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. One of the two WESTWAYS sales was for above the average price, whilst the other was 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
2021 28 MAY	£555,000	£446,447	24% above HPI
2017 29 AUG	£262,000	£402,436	35% below HPI

WESTWAYS 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 WESTWAYS sales from August 2017 and May 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 August 2017 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the May 2021 sale, where it rises to 24% above the HPI. The line then continues to track at 24% above the HPI.

How Large is WESTWAYS?

WESTWAYS is 106m² according to the EPC inspection conducted in May 2017. This puts it in the smallest 40% of detached houses in Musbury, based on EPC data. The below chart shows the distribution of detached houses by size in Musbury, and where WESTWAYS lies on this distribution: 36% of detached houses are smaller than WESTWAYS, and 61% of houses are larger. Note that EPC data is not available for all properties in Musbury.

WESTWAYS: Plot and Title Map

WESTWAYS sits on a plot of roughly 0.159 of an acre, or 645m². The below map shows the location of WESTWAYS, 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 WESTWAYS). 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 WESTWAYS?

WESTWAYS is located on AXMINSTER ROAD in MUSBURY, in the EX13 postcode district. The below map shows the position of WESTWAYS on AXMINSTER ROAD.