4, DRAKE CLOSE, CULLOMPTON, EX15 1FN - £237,000

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.

4 DRAKE CLOSE is a small terraced house of 87m², built sometime between 2007 and 2011, which could now be worth an estimated £282,638. It was last sold for £237,000 in December 2020, which was around 24% above the average December 2020 terraced price in the Mid Devon local authority area. The most recent EPC inspection was June 2020, where the current energy rating was C, and the potential energy rating was B.

4 DRAKE CLOSE Sold Prices

Land registry data shows two sales for 4 DRAKE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Mid Devon local authority area for the corresponding sale date. Both of the two 4 DRAKE 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
2020 22 DEC	£237,000	£190,586	24% above HPI
2008 21 NOV	£175,000	£148,725	18% above HPI

4 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 two 4 DRAKE CLOSE sales from November 2008 and December 2020 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 November 2008 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the December 2020 sale, where it rises to 24% above the HPI. The line then continues to track at 24% above the HPI.

What might 4 DRAKE CLOSE be worth now?

4 DRAKE CLOSE might now be worth an estimated £282,638.

This is based on house price inflation of 19.3%, between December 2020 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 19.3% inflationary increase is applied to the most recent sale price for 4 DRAKE CLOSE of £237,000 on 22nd December 2020. For the value to have increased from £237,000 to £282,638 over the six years and eight months to April 2026, the following assumptions must hold true:

• The value of 4 DRAKE CLOSE has moved in line with the HPI for terraced houses in the Mid Devon local authority area.
• The December 2020 sale price of £237,000 represented a fair market value for the property.
• The size, condition, and specification of 4 DRAKE CLOSE has not materially changed since December 2020.

How Large is 4 DRAKE CLOSE?

4 DRAKE CLOSE is 87m² according to the EPC inspection conducted in June 2020. This puts it in the smallest 30% 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 4 DRAKE CLOSE lies on this distribution: 22% of terraced houses houses are smaller than 4 DRAKE CLOSE, and 77% of houses are larger. Note that EPC data is not available for all properties in Cullompton.

4 DRAKE CLOSE: Plot and Title Map

4 DRAKE CLOSE sits on a plot of roughly 0.027 of an acre, or 111m². The below map shows the location of 4 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 4 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 4 DRAKE CLOSE?

4 DRAKE CLOSE is located in CULLOMPTON, in the EX15 postcode district. The below map shows the position of No. 4 on DRAKE CLOSE.