15, PENNY CLOSE, EXMINSTER, EXETER, EX6 8SU - £116,500

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.

15 PENNY CLOSE is a very small semi-detached house of 45m², built sometime between 1983 and 1990, which could now be worth an estimated £281,975. It was last sold for £116,500 in December 2002, which was around 11% below the average December 2002 semi-detached price in the Teignbridge local authority area. The most recent EPC inspection was June 2013, where the current energy rating was D, and the potential energy rating was A.

15 PENNY CLOSE Sold Prices

Land registry data shows three sales for 15 PENNY CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Teignbridge local authority area for the corresponding sale date. All of the three 15 PENNY CLOSE 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
2002 9 DEC	£116,500	£130,876	11% below HPI
2000 21 AUG	£58,000	£85,396	32% below HPI
1996 29 NOV	£46,000	£53,901	15% below HPI

15 PENNY CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Teignbridge local authority area over time, sourced from the HPI. The three 15 PENNY CLOSE sales between November 1996 and December 2002 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 2000 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the December 2002 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 15 PENNY CLOSE be worth now?

15 PENNY CLOSE might now be worth an estimated £281,975.

This is based on house price inflation of 142%, between December 2002 and May 2026, for semi-detached houses, in the Teignbridge local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 142% inflationary increase is applied to the most recent sale price for 15 PENNY CLOSE of £116,500 on 9th December 2002. For the value to have increased from £116,500 to £281,975 over the 24 years and seven months to May 2026, the following assumptions must hold true:

• The value of 15 PENNY CLOSE has moved in line with the HPI for semi-detached houses in the Teignbridge local authority area.
• The December 2002 sale price of £116,500 represented a fair market value for the property.
• The size, condition, and specification of 15 PENNY CLOSE has not materially changed since December 2002.

How Large is 15 PENNY CLOSE?

15 PENNY CLOSE is 45m² according to the EPC inspection conducted in June 2013. This puts it in the smallest 10% of semi-detached houses houses in Exminster, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Exminster, and where 15 PENNY CLOSE lies on this distribution: Less than 1% of semi-detached houses houses are smaller than 15 PENNY CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Exminster.

15 PENNY CLOSE: Plot and Title Map

15 PENNY CLOSE sits on a plot of roughly 0.028 of an acre, or 113m². The below map shows the location of 15 PENNY CLOSE, 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 15 PENNY CLOSE). 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 15 PENNY CLOSE?

15 PENNY CLOSE is located in EXMINSTER, in the EX6 postcode district. The below map shows the position of No. 15 on PENNY CLOSE.