9, PARKLANDS, HEMYOCK, CULLOMPTON, EX15 3RY - £230,000

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.

9 PARKLANDS is a very small terraced house of 69m², built sometime between 1967 and 1975, which could now be worth an estimated £216,486. It was last sold for £230,000 in February 2023, which was around 2% below the average February 2023 terraced price in the Mid Devon local authority area. The most recent EPC inspection was March 2014, where the current energy rating was F, and the potential energy rating was B.

9 PARKLANDS Sold Prices

Land registry data shows two sales for 9 PARKLANDS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Mid Devon local authority area for the corresponding sale date. One of the two 9 PARKLANDS sales was for below the average price, whilst the other 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
2023 13 FEB	£230,000	£235,264	2% below HPI
1996 31 MAY	£52,500	£42,110	25% above HPI

9 PARKLANDS 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 two 9 PARKLANDS sales from May 1996 and February 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 May 1996 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the February 2023 sale, where it falls to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 9 PARKLANDS be worth now?

9 PARKLANDS might now be worth an estimated £216,486.

This is based on house price deflation of 5.9%, between February 2023 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 5.9% deflationary decrease is applied to the most recent sale price for 9 PARKLANDS of £230,000 on 13th February 2023. For the value to have decreased from £230,000 to £216,486 over the two years and nine months to May 2026, the following assumptions must hold true:

• The value of 9 PARKLANDS has moved in line with the HPI for terraced houses in the Mid Devon local authority area.
• The February 2023 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of 9 PARKLANDS has not materially changed since February 2023.

How Large is 9 PARKLANDS?

9 PARKLANDS is 69m² according to the EPC inspection conducted in March 2014. This puts it in the smallest 10% of terraced houses houses in Hemyock, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Hemyock, and where 9 PARKLANDS lies on this distribution: 6% of terraced houses houses are smaller than 9 PARKLANDS, and 93% of houses are larger. Note that EPC data is not available for all properties in Hemyock.

9 PARKLANDS: Plot and Title Map

9 PARKLANDS sits on a plot of roughly 0.043 of an acre, or 172m². The below map shows the location of 9 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 9 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 9 PARKLANDS?

9 PARKLANDS is located in HEMYOCK, in the EX15 postcode district. The below map shows the position of No. 9 on PARKLANDS.