23, LUDWELL LANE, EXETER, EX2 5LU - £178,000

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.

23 LUDWELL LANE is a very small terraced house of 38m², built sometime between 1983 and 1990, which could now be worth an estimated £175,615. It was last sold for £178,000 in June 2023, which was around 39% below the average June 2023 terraced price in the Exeter local authority area. The most recent EPC inspection was November 2022, where the current energy rating was C, and the potential energy rating was A.

23 LUDWELL LANE Sold Prices

Land registry data shows four sales for 23 LUDWELL LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Exeter local authority area for the corresponding sale date. All of the four 23 LUDWELL LANE 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
2023 9 JUN	£178,000	£290,830	39% below HPI
2018 21 SEP	£137,000	£237,101	42% below HPI
2002 3 MAY	£58,500	£98,563	41% below HPI
1999 6 AUG	£33,000	£57,841	43% below HPI

23 LUDWELL LANE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Exeter local authority area over time, sourced from the HPI. The four 23 LUDWELL LANE sales between August 1999 and June 2023 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 2018 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the June 2023 sale, where it rises to 39% below the HPI. The line then continues to track at 39% below the HPI.

What might 23 LUDWELL LANE be worth now?

23 LUDWELL LANE might now be worth an estimated £175,615.

This is based on house price deflation of 1.3%, between June 2023 and April 2026, for terraced houses, in the Exeter local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1.3% deflationary decrease is applied to the most recent sale price for 23 LUDWELL LANE of £178,000 on 9th June 2023. For the value to have decreased from £178,000 to £175,615 over the three years and two months to April 2026, the following assumptions must hold true:

• The value of 23 LUDWELL LANE has moved in line with the HPI for terraced houses in the Exeter local authority area.
• The June 2023 sale price of £178,000 represented a fair market value for the property.
• The size, condition, and specification of 23 LUDWELL LANE has not materially changed since June 2023.

How Large is 23 LUDWELL LANE?

23 LUDWELL LANE is 38m² according to the EPC inspection conducted in November 2022. This puts it in the smallest 10% of terraced houses houses in Exeter, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Exeter, and where 23 LUDWELL LANE lies on this distribution: Less than 1% of terraced houses houses are smaller than 23 LUDWELL LANE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Exeter.

23 LUDWELL LANE: Plot and Title Map

23 LUDWELL LANE sits on a plot of roughly 0.022 of an acre, or 88m². The below map shows the location of 23 LUDWELL 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 23 LUDWELL 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 23 LUDWELL LANE?

23 LUDWELL LANE is located in EXETER, in the EX2 postcode district. The below map shows the position of No. 23 on LUDWELL LANE.