38, PENNY CLOSE, EXMINSTER, EXETER, EX6 8SU - £165,000

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.

38 PENNY CLOSE is a very small terraced house of 45m², built sometime between 1983 and 1990, which could now be worth an estimated £248,847. It was last sold for £165,000 in December 2014, which was around 1% above the average December 2014 terraced price in the Teignbridge local authority area. The most recent EPC inspection was February 2023, where the current energy rating was D, and the potential energy rating was A.

38 PENNY CLOSE Sold Prices

Land registry data shows three sales for 38 PENNY 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 Teignbridge local authority area for the corresponding sale date. All of the three 38 PENNY 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
2014 4 DEC	£165,000	£163,970	1% above HPI
1998 31 JUL	£51,000	£48,966	4% above HPI
1997 3 JAN	£48,000	£41,224	16% above HPI

38 PENNY CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Teignbridge local authority area over time, sourced from the HPI. The three 38 PENNY CLOSE sales between January 1997 and December 2014 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 1998 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the December 2014 sale, where it falls to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might 38 PENNY CLOSE be worth now?

38 PENNY CLOSE might now be worth an estimated £248,847.

This is based on house price inflation of 50.8%, between December 2014 and May 2026, for terraced houses, in the Teignbridge local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 50.8% inflationary increase is applied to the most recent sale price for 38 PENNY CLOSE of £165,000 on 4th December 2014. For the value to have increased from £165,000 to £248,847 over the twelve years and seven months to May 2026, the following assumptions must hold true:

• The value of 38 PENNY CLOSE has moved in line with the HPI for terraced houses in the Teignbridge local authority area.
• The December 2014 sale price of £165,000 represented a fair market value for the property.
• The size, condition, and specification of 38 PENNY CLOSE has not materially changed since December 2014.

How Large is 38 PENNY CLOSE?

38 PENNY CLOSE is 45m² according to the EPC inspection conducted in February 2023. This puts it in the smallest 10% of terraced houses houses in Exminster, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Exminster, and where 38 PENNY CLOSE lies on this distribution: Less than 1% of terraced houses houses are smaller than 38 PENNY CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Exminster.

38 PENNY CLOSE: Plot and Title Map

38 PENNY CLOSE sits on a plot of roughly 0.025 of an acre, or 101m². The below map shows the location of 38 PENNY 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 38 PENNY 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 38 PENNY CLOSE?

38 PENNY CLOSE is located in EXMINSTER, in the EX6 postcode district. The below map shows the position of No. 38 on PENNY CLOSE.