3, CEDAR CLOSE, AXMINSTER, EX13 5HZ - £230,000

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.

3 CEDAR CLOSE is a small extended terraced house of 94m², built sometime between 1983 and 1990, which could now be worth an estimated £238,512. It was last sold for £230,000 in February 2023, which was around 13% below the average February 2023 terraced price in the East Devon local authority area. The most recent EPC inspection was July 2022, where the current energy rating was D, and the potential energy rating was B.

3 CEDAR CLOSE Sold Prices

Land registry data shows three sales for 3 CEDAR 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 East Devon local authority area for the corresponding sale date. Two of the three 3 CEDAR 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
2023 28 FEB	£230,000	£265,560	13% below HPI
2009 23 DEC	£155,000	£177,424	13% below HPI
2002 2 JUL	£120,000	£102,031	18% above HPI

3 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 three 3 CEDAR CLOSE sales between July 2002 and February 2023 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 2009 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the February 2023 sale, which was also at 13% below the HPI.

What might 3 CEDAR CLOSE be worth now?

3 CEDAR CLOSE might now be worth an estimated £238,512.

This is based on house price inflation of 3.7%, between February 2023 and April 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 3.7% inflationary increase is applied to the most recent sale price for 3 CEDAR CLOSE of £230,000 on 28th February 2023. For the value to have increased from £230,000 to £238,512 over the two years and ten months to April 2026, the following assumptions must hold true:

• The value of 3 CEDAR CLOSE has moved in line with the HPI for terraced houses in the East Devon local authority area.
• The February 2023 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of 3 CEDAR CLOSE has not materially changed since February 2023.

How Large is 3 CEDAR CLOSE?

3 CEDAR CLOSE is 94m², which includes one extension, according to the EPC inspection conducted in July 2022. This puts it in the smallest 40% of terraced houses houses in Axminster, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Axminster, and where 3 CEDAR CLOSE lies on this distribution: 40% of terraced houses houses are smaller than 3 CEDAR CLOSE, and 59% of houses are larger. Note that EPC data is not available for all properties in Axminster.

3 CEDAR CLOSE: Plot and Title Map

3 CEDAR CLOSE sits on a plot of roughly 0.042 of an acre, or 168m². The below map shows the location of 3 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 3 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 3 CEDAR CLOSE?

3 CEDAR CLOSE is located in AXMINSTER, in the EX13 postcode district. The below map shows the position of No. 3 on CEDAR CLOSE.