23, CEDAR CLOSE, EXMOUTH, EX8 5NT - £247,000

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.

23 CEDAR CLOSE is a very small terraced house of 61m², built sometime between 1976 and 1982, which could now be worth an estimated £314,605. It was last sold for £247,000 in May 2018, which was around 15% above the average May 2018 terraced price in the East Devon local authority area. The most recent EPC inspection was August 2017, where the current energy rating was D, and the potential energy rating was B.

23 CEDAR CLOSE Sold Prices

Land registry data shows four sales for 23 CEDAR CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the East Devon local authority area for the corresponding sale date. All of the four 23 CEDAR 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
2018 3 MAY	£247,000	£214,201	15% above HPI
2006 18 AUG	£174,950	£168,094	4% above HPI
2001 27 APR	£94,500	£74,691	27% above HPI
1997 10 JUL	£60,000	£51,393	17% above HPI

23 CEDAR CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the East Devon local authority area over time, sourced from the HPI. The four 23 CEDAR CLOSE sales between July 1997 and May 2018 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 2006 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the May 2018 sale, where it rises to 15% above the HPI. The line then continues to track at 15% above the HPI.

What might 23 CEDAR CLOSE be worth now?

23 CEDAR CLOSE might now be worth an estimated £314,605.

This is based on house price inflation of 27.4%, between May 2018 and May 2026, for terraced 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 27.4% inflationary increase is applied to the most recent sale price for 23 CEDAR CLOSE of £247,000 on 3rd May 2018. For the value to have increased from £247,000 to £314,605 over the eight years to May 2026, the following assumptions must hold true:

• The value of 23 CEDAR CLOSE has moved in line with the HPI for terraced houses in the East Devon local authority area.
• The May 2018 sale price of £247,000 represented a fair market value for the property.
• The size, condition, and specification of 23 CEDAR CLOSE has not materially changed since May 2018.

How Large is 23 CEDAR CLOSE?

23 CEDAR CLOSE is 61m² according to the EPC inspection conducted in August 2017. This puts it in the smallest 10% of terraced houses houses in Exmouth, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Exmouth, and where 23 CEDAR CLOSE lies on this distribution: 3% of terraced houses houses are smaller than 23 CEDAR CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in Exmouth.

23 CEDAR CLOSE: Plot and Title Map

23 CEDAR CLOSE sits on a plot of roughly 0.042 of an acre, or 170m². The below map shows the location of 23 CEDAR 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 23 CEDAR 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 23 CEDAR CLOSE?

23 CEDAR CLOSE is located in EXMOUTH, in the EX8 postcode district. The below map shows the position of No. 23 on CEDAR CLOSE.