MEREWORTH, GORSE LANE, EXMOUTH, EX8 5PS - £875,000

MEREWORTH is a very large extended detached house of 247m², built sometime between 1950 and 1966. It was last sold for £875,000 in November 2023, which was around 63% above the average November 2023 detached price in the East Devon local authority area. The most recent EPC inspection was June 2017, where the current energy rating was D, and the potential energy rating was C.

MEREWORTH Sold Prices

Land registry data shows two sales for MEREWORTH since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Devon local authority area for the corresponding sale date. Both of the two MEREWORTH 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
2023 28 NOV	£875,000	£536,191	63% above HPI
2021 1 JUN	£670,000	£449,606	49% above HPI

MEREWORTH Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Devon local authority area over time, sourced from the HPI. The two MEREWORTH sales from June 2021 and November 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 June 2021 sale was for 49% above the HPI. So the extrapolation line tracks at 49% above the HPI over time, until the November 2023 sale, where it rises to 63% above the HPI. The line then continues to track at 63% above the HPI.

How Large is MEREWORTH?

MEREWORTH is 247m², which includes three extensions, according to the EPC inspection conducted in June 2017. This puts it in the largest 10% of detached houses in Exmouth, based on EPC data. The below chart shows the distribution of detached houses by size in Exmouth, and where MEREWORTH lies on this distribution: 98% of detached houses are smaller than MEREWORTH, and 2% of houses are larger. Note that EPC data is not available for all properties in Exmouth.

MEREWORTH: Plot and Title Map

MEREWORTH sits on a plot of roughly 0.199 of an acre, or 806m². The below map shows the location of MEREWORTH, 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 MEREWORTH). 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 MEREWORTH?

MEREWORTH is located on GORSE LANE in EXMOUTH, in the EX8 postcode district. The below map shows the position of MEREWORTH on GORSE LANE.