NEEDLEWOOD, NEEDLEWOOD CLOSE, WEST HILL, OTTERY ST MARY, EX11 1XR - £495,000

NEEDLEWOOD is a very small detached house of 111m², built sometime between 1967 and 1975. It was last sold for £495,000 in February 2015, which was around 42% above the average February 2015 detached price in the East Devon local authority area. The most recent EPC inspection was August 2014, where the current energy rating was D, and the potential energy rating was B.

NEEDLEWOOD Sold Prices

Land registry data shows two sales for NEEDLEWOOD 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 NEEDLEWOOD 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
2015 11 FEB	£495,000	£349,297	42% above HPI
2007 10 AUG	£524,000	£338,201	55% above HPI

NEEDLEWOOD 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 NEEDLEWOOD sales from August 2007 and February 2015 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 August 2007 sale was for 55% above the HPI. So the extrapolation line tracks at 55% above the HPI over time, until the February 2015 sale, where it falls to 42% above the HPI. The line then continues to track at 42% above the HPI.

How Large is NEEDLEWOOD?

NEEDLEWOOD is 111m² according to the EPC inspection conducted in August 2014. This puts it in the smallest 20% of detached houses in West Hill, based on EPC data. The below chart shows the distribution of detached houses by size in West Hill, and where NEEDLEWOOD lies on this distribution: 11% of detached houses are smaller than NEEDLEWOOD, and 89% of houses are larger. Note that EPC data is not available for all properties in West Hill.

NEEDLEWOOD: Plot and Title Map

NEEDLEWOOD sits on a plot of roughly 0.496 of an acre, or 2,008m². The below map shows the location of NEEDLEWOOD, 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 NEEDLEWOOD). 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 NEEDLEWOOD?

NEEDLEWOOD is located on NEEDLEWOOD CLOSE in WEST HILL, in the EX11 postcode district. The below map shows the position of NEEDLEWOOD on NEEDLEWOOD CLOSE.