40, PENNY CLOSE, EXMINSTER, EXETER, EX6 8SU - £167,335

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.

40 PENNY CLOSE is a very small terraced house of 46m², built sometime between 1983 and 1990, which could now be worth an estimated £249,474. It was last sold for £167,335 in April 2015, which was around 5% above the average April 2015 terraced price in the Teignbridge local authority area. The most recent EPC inspection was July 2020, where the current energy rating was C, and the potential energy rating was B.

40 PENNY CLOSE Sold Prices

Land registry data shows three sales for 40 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 40 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
2015 24 APR	£167,335	£158,986	5% above HPI
2002 22 FEB	£84,500	£77,003	10% above HPI
1999 1 APR	£54,000	£51,710	4% above HPI

40 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 40 PENNY CLOSE sales between April 1999 and April 2015 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 February 2002 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the April 2015 sale, where it falls to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might 40 PENNY CLOSE be worth now?

40 PENNY CLOSE might now be worth an estimated £249,474.

This is based on house price inflation of 49.1%, between April 2015 and April 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 49.1% inflationary increase is applied to the most recent sale price for 40 PENNY CLOSE of £167,335 on 24th April 2015. For the value to have increased from £167,335 to £249,474 over the eleven years to April 2026, the following assumptions must hold true:

• The value of 40 PENNY CLOSE has moved in line with the HPI for terraced houses in the Teignbridge local authority area.
• The April 2015 sale price of £167,335 represented a fair market value for the property.
• The size, condition, and specification of 40 PENNY CLOSE has not materially changed since April 2015.

How Large is 40 PENNY CLOSE?

40 PENNY CLOSE is 46m² according to the EPC inspection conducted in July 2020. 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 40 PENNY CLOSE lies on this distribution: Less than 1% of terraced houses houses are smaller than 40 PENNY CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Exminster.

40 PENNY CLOSE: Plot and Title Map

40 PENNY CLOSE sits on a plot of roughly 0.033 of an acre, or 133m². The below map shows the location of 40 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 40 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 40 PENNY CLOSE?

40 PENNY CLOSE is located in EXMINSTER, in the EX6 postcode district. The below map shows the position of No. 40 on PENNY CLOSE.