25, DRAKE CLOSE, CULLOMPTON, EX15 1FN - £167,000

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.

25 DRAKE CLOSE is a very small terraced house of 11m², which could now be worth an estimated £211,410. It was last sold for £167,000 in February 2018, which was around 7% below the average February 2018 terraced price in the Mid Devon local authority area. The most recent EPC inspection was March 2009, where the current energy rating was C, and the potential energy rating was B.

25 DRAKE CLOSE Sold Prices

Land registry data shows three sales for 25 DRAKE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Mid Devon local authority area for the corresponding sale date. Two of the three 25 DRAKE CLOSE sales were for below the average price, whilst one was 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 23 FEB	£167,000	£179,541	7% below HPI
2015 11 DEC	£143,000	£165,457	14% below HPI
2009 21 DEC	£154,556	£144,991	7% above HPI

25 DRAKE CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Mid Devon local authority area over time, sourced from the HPI. The three 25 DRAKE CLOSE sales between December 2009 and February 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 December 2015 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the February 2018 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might 25 DRAKE CLOSE be worth now?

25 DRAKE CLOSE might now be worth an estimated £211,410.

This is based on house price inflation of 26.6%, between February 2018 and April 2026, for terraced houses, in the Mid Devon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 26.6% inflationary increase is applied to the most recent sale price for 25 DRAKE CLOSE of £167,000 on 23rd February 2018. For the value to have increased from £167,000 to £211,410 over the seven years and ten months to April 2026, the following assumptions must hold true:

• The value of 25 DRAKE CLOSE has moved in line with the HPI for terraced houses in the Mid Devon local authority area.
• The February 2018 sale price of £167,000 represented a fair market value for the property.
• The size, condition, and specification of 25 DRAKE CLOSE has not materially changed since February 2018.

How Large is 25 DRAKE CLOSE?

25 DRAKE CLOSE is 11m² according to the EPC inspection conducted in March 2009. This puts it in the smallest 10% of terraced houses houses in Cullompton, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Cullompton, and where 25 DRAKE CLOSE lies on this distribution: Less than 1% of terraced houses houses are smaller than 25 DRAKE CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Cullompton.

25 DRAKE CLOSE: Plot and Title Map

25 DRAKE CLOSE sits on a plot of roughly 0.033 of an acre, or 132m². The below map shows the location of 25 DRAKE 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 25 DRAKE 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 25 DRAKE CLOSE?

25 DRAKE CLOSE is located in CULLOMPTON, in the EX15 postcode district. The below map shows the position of No. 25 on DRAKE CLOSE.