5, PARKLANDS, HEMYOCK, CULLOMPTON, EX15 3RY - £225,000

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.

5 PARKLANDS is a very small semi-detached house of 65m², built sometime between 1983 and 1990, which could now be worth an estimated £272,972. It was last sold for £225,000 in May 2020, which was around 2% below the average May 2020 semi-detached price in the Mid Devon local authority area. The most recent EPC inspection was December 2019, where the current energy rating was D, and the potential energy rating was C.

5 PARKLANDS Sold Prices

Land registry data shows two sales for 5 PARKLANDS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Mid Devon local authority area for the corresponding sale date. Both of the two 5 PARKLANDS 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 15 MAY	£225,000	£230,541	2% below HPI
2017 13 APR	£165,000	£209,957	21% below HPI

5 PARKLANDS Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Mid Devon local authority area over time, sourced from the HPI. The two 5 PARKLANDS sales from April 2017 and May 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 2017 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the May 2020 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 5 PARKLANDS be worth now?

5 PARKLANDS might now be worth an estimated £272,972.

This is based on house price inflation of 21.3%, between May 2020 and May 2026, for semi-detached 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 21.3% inflationary increase is applied to the most recent sale price for 5 PARKLANDS of £225,000 on 15th May 2020. For the value to have increased from £225,000 to £272,972 over the six years to May 2026, the following assumptions must hold true:

• The value of 5 PARKLANDS has moved in line with the HPI for semi-detached houses in the Mid Devon local authority area.
• The May 2020 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 5 PARKLANDS has not materially changed since May 2020.

How Large is 5 PARKLANDS?

5 PARKLANDS is 65m² according to the EPC inspection conducted in December 2019. This puts it in the smallest 10% of semi-detached houses houses in Hemyock, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Hemyock, and where 5 PARKLANDS lies on this distribution: 4% of semi-detached houses houses are smaller than 5 PARKLANDS, and 96% of houses are larger. Note that EPC data is not available for all properties in Hemyock.

5 PARKLANDS: Plot and Title Map

5 PARKLANDS sits on a plot of roughly 0.060 of an acre, or 242m². The below map shows the location of 5 PARKLANDS, 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 5 PARKLANDS). 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 5 PARKLANDS?

5 PARKLANDS is located in HEMYOCK, in the EX15 postcode district. The below map shows the position of No. 5 on PARKLANDS.