CORNERWAYS, FRANKLYN DRIVE, EXETER, EX2 9HR - £279,000

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.

CORNERWAYS is a small extended terraced house of 89m², built sometime between 1930 and 1949, which could now be worth an estimated £350,083. It was last sold for £279,000 in March 2018, which was around 22% above the average March 2018 terraced price in the Exeter local authority area. The most recent EPC inspection was August 2017, where the current energy rating was D, and the potential energy rating was B.

CORNERWAYS Sold Prices

Land registry data shows two sales for CORNERWAYS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Exeter local authority area for the corresponding sale date. Both of the two CORNERWAYS sales were 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
2018 28 MAR	£279,000	£228,673	22% above HPI
2006 24 NOV	£200,000	£172,293	16% above HPI

CORNERWAYS 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 two CORNERWAYS sales from November 2006 and March 2018 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 November 2006 sale was for 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the March 2018 sale, where it rises to 22% above the HPI. The line then continues to track at 22% above the HPI.

What might CORNERWAYS be worth now?

CORNERWAYS might now be worth an estimated £350,083.

This is based on house price inflation of 25.5%, between March 2018 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 25.5% inflationary increase is applied to the most recent sale price for CORNERWAYS of £279,000 on 28th March 2018. For the value to have increased from £279,000 to £350,083 over the seven years and eleven months to April 2026, the following assumptions must hold true:

• The value of CORNERWAYS has moved in line with the HPI for terraced houses in the Exeter local authority area.
• The March 2018 sale price of £279,000 represented a fair market value for the property.
• The size, condition, and specification of CORNERWAYS has not materially changed since March 2018.

How Large is CORNERWAYS?

CORNERWAYS is 89m², which includes one extension, according to the EPC inspection conducted in August 2017. This puts it in the smallest 30% 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 CORNERWAYS lies on this distribution: 21% of terraced houses houses are smaller than CORNERWAYS, and 78% of houses are larger. Note that EPC data is not available for all properties in Exeter.

CORNERWAYS: Plot and Title Map

CORNERWAYS sits on a plot of roughly 0.043 of an acre, or 173m². The below map shows the location of CORNERWAYS, 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 CORNERWAYS). 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 CORNERWAYS?

CORNERWAYS is located on FRANKLYN DRIVE in EXETER, in the EX2 postcode district. The below map shows the position of CORNERWAYS on FRANKLYN DRIVE.