2, PITT PARK, CRANBROOK, EXETER, EX5 7BQ - £282,500

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.

2 PITT PARK is a very small detached house of 88m², built in 2012, which could now be worth an estimated £333,380. It was last sold for £282,500 in January 2021, which was around 38% below the average January 2021 detached price in the East Devon local authority area. The most recent EPC inspection was October 2011, where the current energy rating was B, and the potential energy rating was B.

2 PITT PARK Sold Prices

Land registry data shows three sales for 2 PITT PARK since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Devon local authority area for the corresponding sale date. All of the three 2 PITT PARK 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
2021 22 JAN	£282,500	£455,546	38% below HPI
2018 23 JUL	£250,000	£428,840	42% below HPI
2012 21 DEC	£248,995	£335,436	26% below HPI

2 PITT PARK 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 three 2 PITT PARK sales between December 2012 and January 2021 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 July 2018 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the January 2021 sale, where it rises to 38% below the HPI. The line then continues to track at 38% below the HPI.

What might 2 PITT PARK be worth now?

2 PITT PARK might now be worth an estimated £333,380.

This is based on house price inflation of 18%, between January 2021 and May 2026, for detached houses, in the East Devon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 18% inflationary increase is applied to the most recent sale price for 2 PITT PARK of £282,500 on 22nd January 2021. For the value to have increased from £282,500 to £333,380 over the four years and eight months to May 2026, the following assumptions must hold true:

• The value of 2 PITT PARK has moved in line with the HPI for detached houses in the East Devon local authority area.
• The January 2021 sale price of £282,500 represented a fair market value for the property.
• The size, condition, and specification of 2 PITT PARK has not materially changed since January 2021.

How Large is 2 PITT PARK?

2 PITT PARK is 88m² according to the EPC inspection conducted in October 2011. This puts it in the smallest 20% of detached houses houses in Cranbrook, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cranbrook, and where 2 PITT PARK lies on this distribution: 20% of detached houses houses are smaller than 2 PITT PARK, and 74% of houses are larger. Note that EPC data is not available for all properties in Cranbrook.

2 PITT PARK: Plot and Title Map

2 PITT PARK sits on a plot of roughly 0.052 of an acre, or 211m². The below map shows the location of 2 PITT PARK, 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 2 PITT PARK). 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 2 PITT PARK?

2 PITT PARK is located in CRANBROOK, in the EX5 postcode district. The below map shows the position of No. 2 on PITT PARK.