2, TOWNLANDS, WILLAND, CULLOMPTON, EX15 2RR - £150,000

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 TOWNLANDS is a very small terraced house of 49m², built sometime between 1950 and 1966, which could now be worth an estimated £174,455. It was last sold for £150,000 in September 2020, which was around 21% below the average September 2020 terraced price in the Mid Devon local authority area. The most recent EPC inspection was May 2019, where the current energy rating was D, and the potential energy rating was B.

2 TOWNLANDS Sold Prices

Land registry data shows three sales for 2 TOWNLANDS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Mid Devon local authority area for the corresponding sale date. All of the three 2 TOWNLANDS 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
2020 8 SEP	£150,000	£190,400	21% below HPI
2001 6 APR	£57,500	£68,599	16% below HPI
1998 18 DEC	£42,000	£50,317	17% below HPI

2 TOWNLANDS 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 three 2 TOWNLANDS sales between December 1998 and September 2020 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 April 2001 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the September 2020 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 2 TOWNLANDS be worth now?

2 TOWNLANDS might now be worth an estimated £174,455.

This is based on house price inflation of 16.3%, between September 2020 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 16.3% inflationary increase is applied to the most recent sale price for 2 TOWNLANDS of £150,000 on 8th September 2020. For the value to have increased from £150,000 to £174,455 over the six years and four months to May 2026, the following assumptions must hold true:

• The value of 2 TOWNLANDS has moved in line with the HPI for terraced houses in the Mid Devon local authority area.
• The September 2020 sale price of £150,000 represented a fair market value for the property.
• The size, condition, and specification of 2 TOWNLANDS has not materially changed since September 2020.

How Large is 2 TOWNLANDS?

2 TOWNLANDS is 49m² according to the EPC inspection conducted in May 2019. This puts it in the smallest 10% of terraced houses houses in Willand, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Willand, and where 2 TOWNLANDS lies on this distribution: Less than 1% of terraced houses houses are smaller than 2 TOWNLANDS, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Willand.

2 TOWNLANDS: Plot and Title Map

2 TOWNLANDS sits on a plot of roughly 0.039 of an acre, or 159m². The below map shows the location of 2 TOWNLANDS, 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 TOWNLANDS). 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 TOWNLANDS?

2 TOWNLANDS is located in WILLAND, in the EX15 postcode district. The below map shows the position of No. 2 on TOWNLANDS.