THATCH COTTAGE, SILVER STREET, WILLAND, CULLOMPTON, EX15 2RG - £220,000

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.

THATCH COTTAGE is a very small semi-detached house of 60m², built sometime before 1900, which could now be worth an estimated £210,042. It was last sold for £220,000 in October 2023, which was around 25% below the average October 2023 semi-detached price in the Mid Devon local authority area. The most recent EPC inspection was August 2023, where the current energy rating was F, and the potential energy rating was D.

THATCH COTTAGE Sold Prices

Land registry data shows two sales for THATCH COTTAGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Mid Devon local authority area for the corresponding sale date. Both of the two THATCH COTTAGE sales were for below 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 4 OCT	£220,000	£291,898	25% below HPI
2007 31 JAN	£157,500	£192,770	18% below HPI

THATCH COTTAGE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Mid Devon local authority area over time, sourced from the HPI. The two THATCH COTTAGE sales from January 2007 and October 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 January 2007 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the October 2023 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might THATCH COTTAGE be worth now?

THATCH COTTAGE might now be worth an estimated £210,042.

This is based on house price deflation of 4.5%, between October 2023 and February 2025, for semi-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 4.5% deflationary decrease is applied to the most recent sale price for THATCH COTTAGE of £220,000 on 4th October 2023. For the value to have decreased from £220,000 to £210,042 over the two years and eight months to February 2025, the following assumptions must hold true:

• The value of THATCH COTTAGE has moved in line with the HPI for semi-detached houses in the Mid Devon local authority area.
• The October 2023 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of THATCH COTTAGE has not materially changed since October 2023.

How Large is THATCH COTTAGE?

THATCH COTTAGE is 60m² according to the EPC inspection conducted in August 2023. This puts it in the smallest 10% of semi-detached houses houses in Willand, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Willand, and where THATCH COTTAGE lies on this distribution: 3% of semi-detached houses houses are smaller than THATCH COTTAGE, and 96% of houses are larger. Note that EPC data is not available for all properties in Willand.

THATCH COTTAGE: Plot and Title Map

THATCH COTTAGE sits on a plot of roughly 0.121 of an acre, or 490m². The below map shows the location of THATCH COTTAGE, 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 THATCH COTTAGE). 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 THATCH COTTAGE?

THATCH COTTAGE is located on SILVER STREET in WILLAND, in the EX15 postcode district. The below map shows the position of THATCH COTTAGE on SILVER STREET.