East Devon house prices fall by thousands - how much your home could be worth
House prices in East Devon have gone down by an average of over £4,000 in the month of February, according to figures from the Land Registry.
The latest data from the government department reveals that in February 2023 average house prices in East Devon reached £368,130.
This was down from £372,598 in January, representing a 1.2 per cent decrease. In the last 12 months it has risen by 8.8 per cent.
If you are interested in buying or renting a home, you can see the latest properties in and around East Devon here.
How much have house prices decreased in East Devon?
Breaking it down for specific types of housing, all prices saw a decrease.
Detached houses - Down to £559,255 from £563,834 in January
Semi-detached houses - Down to £365,586 from £370,790 in January
Terraced houses - Down to £294,912 from £299,832 in January
Flats - Down to £201,212 from £203,589 in January
How do East Devon house prices compare to the UK average?
Despite the fall in prices this month, East Devon is still well above the UK average with a typical property value in the nations reaching £287,506 in February.
In cash terms, the average house price in February was £15,052 higher than a year earlier with house price growth accelerating to 5.5 per cent in February 2023. Prices were down by -1.0 per cent month on month.
How much could your house be worth?
We have created this map for the South West so you can see the average house price in each neighbourhood since 1995.
Sites like Zoopla can offer an estimate valuation of your house if you input your postcode onto their website.
The above map can demonstrate which areas of East Devon are the most expensive for average house prices.