2, WELLS CLOSE, EXMOUTH, EX8 5QL - £539,950

2 WELLS CLOSE is a midsized detached house of 100m², built sometime between 1983 and 1990. It was last sold for £539,950 in May 2022, which was around 9% above the average May 2022 detached price in the East Devon local authority area. The most recent EPC inspection was September 2021, where the current energy rating was C, and the potential energy rating was B.

2 WELLS CLOSE Sold Prices

Land registry data shows four sales for 2 WELLS CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Devon local authority area for the corresponding sale date. Most of the four 2 WELLS CLOSE 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
2022 19 MAY	£539,950	£494,122	9% above HPI
2017 30 OCT	£420,000	£404,263	4% above HPI
2014 2 MAY	£270,000	£338,018	20% below HPI
2003 29 JUL	£265,000	£255,563	4% above HPI

2 WELLS CLOSE 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 four 2 WELLS CLOSE sales between July 2003 and May 2022 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 October 2017 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the May 2022 sale, where it rises to 9% above the HPI. The line then continues to track at 9% above the HPI.

How Large is 2 WELLS CLOSE?

2 WELLS CLOSE is 100m² according to the EPC inspection conducted in September 2021. This puts it in the smallest 50% of detached houses in Exmouth, based on EPC data. The below chart shows the distribution of detached houses by size in Exmouth, and where 2 WELLS CLOSE lies on this distribution: 43% of detached houses are smaller than 2 WELLS CLOSE, and 56% of houses are larger. Note that EPC data is not available for all properties in Exmouth.

2 WELLS CLOSE: Plot and Title Map

2 WELLS CLOSE sits on a plot of roughly 0.125 of an acre, or 506m². The below map shows the location of 2 WELLS 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 2 WELLS 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 2 WELLS CLOSE?

2 WELLS CLOSE is located in EXMOUTH, in the EX8 postcode district. The below map shows the position of No. 2 on WELLS CLOSE.