1, HIGHER MILL LANE, CULLOMPTON, EX15 1AG - £162,000

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.

1 HIGHER MILL LANE is a large extended terraced house of 114m², built sometime before 1900, which could now be worth an estimated £227,210. It was last sold for £162,000 in June 2015, which was around 3% above the average June 2015 terraced price in the Mid Devon local authority area. The most recent EPC inspection was March 2015, where the current energy rating was E, and the potential energy rating was B.

1 HIGHER MILL LANE Sold Prices

Land registry data shows six sales for 1 HIGHER MILL LANE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average terraced price in the Mid Devon local authority area for the corresponding sale date. The six 1 HIGHER MILL LANE sales were a mix of above the average price, roughly equal to the average price, and 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
2015 26 JUN	£162,000	£157,887	3% above HPI
2007 21 SEP	£149,000	£171,677	13% below HPI
2004 17 MAY	£144,000	£124,326	16% above HPI
2002 14 AUG	£109,000	£89,937	21% above HPI
2000 20 OCT	£65,000	£65,055	Close to HPI
1995 1 AUG	£49,500	£42,265	17% above HPI

1 HIGHER MILL LANE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Mid Devon local authority area over time, sourced from the HPI. The six 1 HIGHER MILL LANE sales between August 1995 and June 2015 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 September 2007 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the June 2015 sale, where it rises to 3% above the HPI. The line then continues to track at 3% above the HPI.

What might 1 HIGHER MILL LANE be worth now?

1 HIGHER MILL LANE might now be worth an estimated £227,210.

This is based on house price inflation of 40.3%, between June 2015 and May 2026, for terraced houses, in the Mid Devon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 40.3% inflationary increase is applied to the most recent sale price for 1 HIGHER MILL LANE of £162,000 on 26th June 2015. For the value to have increased from £162,000 to £227,210 over the eleven years and one month to May 2026, the following assumptions must hold true:

• The value of 1 HIGHER MILL LANE has moved in line with the HPI for terraced houses in the Mid Devon local authority area.
• The June 2015 sale price of £162,000 represented a fair market value for the property.
• The size, condition, and specification of 1 HIGHER MILL LANE has not materially changed since June 2015.

How Large is 1 HIGHER MILL LANE?

1 HIGHER MILL LANE is 114m², which includes one extension, according to the EPC inspection conducted in March 2015. This puts it in the largest 40% of terraced houses houses in Cullompton, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Cullompton, and where 1 HIGHER MILL LANE lies on this distribution: 61% of terraced houses houses are smaller than 1 HIGHER MILL LANE, and 36% of houses are larger. Note that EPC data is not available for all properties in Cullompton.

1 HIGHER MILL LANE: Plot and Title Map

1 HIGHER MILL LANE sits on a plot of roughly 0.030 of an acre, or 122m². The below map shows the location of 1 HIGHER MILL LANE, 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 1 HIGHER MILL LANE). 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 1 HIGHER MILL LANE?

1 HIGHER MILL LANE is located in CULLOMPTON, in the EX15 postcode district. The below map shows the position of No. 1 on HIGHER MILL LANE.