2, CHARTER ROAD, AXMINSTER, EX13 5GR - £365,000

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.

2 CHARTER ROAD is a small detached house of 89m², built in 2015, which could now be worth an estimated £363,050. It was last sold for £365,000 in November 2022, which was around 31% below the average November 2022 detached price in the East Devon local authority area. The most recent EPC inspection was November 2016, where the current energy rating was B, and the potential energy rating was A.

2 CHARTER ROAD Sold Prices

Land registry data shows three sales for 2 CHARTER ROAD 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 2 CHARTER ROAD 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
2022 24 NOV	£365,000	£532,395	31% below HPI
2021 27 AUG	£339,950	£461,511	26% below HPI
2017 28 APR	£292,995	£403,614	27% below HPI

2 CHARTER ROAD 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 2 CHARTER ROAD sales between April 2017 and November 2022 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 2021 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the November 2022 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 2 CHARTER ROAD be worth now?

2 CHARTER ROAD might now be worth an estimated £363,050.

This is based on house price deflation of 0.5%, between November 2022 and July 2026, 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 0.5% deflationary decrease is applied to the most recent sale price for 2 CHARTER ROAD of £365,000 on 24th November 2022. For the value to have decreased from £365,000 to £363,050 over the four years and four months to July 2026, the following assumptions must hold true:

• The value of 2 CHARTER ROAD has moved in line with the HPI for detached houses in the East Devon local authority area.
• The November 2022 sale price of £365,000 represented a fair market value for the property.
• The size, condition, and specification of 2 CHARTER ROAD has not materially changed since November 2022.

How Large is 2 CHARTER ROAD?

2 CHARTER ROAD is 89m² according to the EPC inspection conducted in November 2016. This puts it in the smallest 40% of detached houses houses in Axminster, based on EPC data. The below chart shows the distribution of detached houses houses by size in Axminster, and where 2 CHARTER ROAD lies on this distribution: 32% of detached houses houses are smaller than 2 CHARTER ROAD, and 65% of houses are larger. Note that EPC data is not available for all properties in Axminster.

2 CHARTER ROAD: Plot and Title Map

2 CHARTER ROAD sits on a plot of roughly 0.048 of an acre, or 194m². The below map shows the location of 2 CHARTER ROAD, 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 2 CHARTER ROAD). 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 2 CHARTER ROAD?

2 CHARTER ROAD is located in AXMINSTER, in the EX13 postcode district. The below map shows the position of No. 2 on CHARTER ROAD.