8, GABLES LEA, WILLAND, CULLOMPTON, EX15 2RY - £245,000

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.

8 GABLES LEA is a large detached house of 127m², built sometime between 1996 and 2002, which could now be worth an estimated £368,625. It was last sold for £245,000 in December 2011, which was around 13% below the average December 2011 detached price in the Mid Devon local authority area. The most recent EPC inspection was June 2009, where the current energy rating was C, and the potential energy rating was C.

8 GABLES LEA Sold Prices

Land registry data shows three sales for 8 GABLES LEA since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Mid Devon local authority area for the corresponding sale date. Two of the three 8 GABLES LEA sales were for below the average price, whilst one was for above 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
2011 16 DEC	£245,000	£280,283	13% below HPI
2010 28 APR	£232,000	£280,488	17% below HPI
1999 12 APR	£112,000	£101,122	11% above HPI

8 GABLES LEA Price Paid vs. HPI Average

The below graph shows the average detached house price in the Mid Devon local authority area over time, sourced from the HPI. The three 8 GABLES LEA sales between April 1999 and December 2011 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 2010 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the December 2011 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 8 GABLES LEA be worth now?

8 GABLES LEA might now be worth an estimated £368,625.

This is based on house price inflation of 50.5%, between December 2011 and February 2025, for 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 50.5% inflationary increase is applied to the most recent sale price for 8 GABLES LEA of £245,000 on 16th December 2011. For the value to have increased from £245,000 to £368,625 over the fourteen years and ten months to February 2025, the following assumptions must hold true:

• The value of 8 GABLES LEA has moved in line with the HPI for detached houses in the Mid Devon local authority area.
• The December 2011 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 8 GABLES LEA has not materially changed since December 2011.

How Large is 8 GABLES LEA?

8 GABLES LEA is 127m² according to the EPC inspection conducted in June 2009. This puts it in the largest 30% of detached houses houses in Willand, based on EPC data. The below chart shows the distribution of detached houses houses by size in Willand, and where 8 GABLES LEA lies on this distribution: 75% of detached houses houses are smaller than 8 GABLES LEA, and 25% of houses are larger. Note that EPC data is not available for all properties in Willand.

8 GABLES LEA: Plot and Title Map

8 GABLES LEA sits on a plot of roughly 0.103 of an acre, or 418m². The below map shows the location of 8 GABLES LEA, 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 8 GABLES LEA). 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 8 GABLES LEA?

8 GABLES LEA is located in WILLAND, in the EX15 postcode district. The below map shows the position of No. 8 on GABLES LEA.