7, MEADOW CLOSE, LANDKEY, BARNSTAPLE, EX32 0NB - £402,500

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.

7 MEADOW CLOSE is a very small extended detached house of 78m², built sometime between 1967 and 1975, which could now be worth an estimated £368,024. It was last sold for £402,500 in August 2022, which was around 13% below the average August 2022 detached price in the North Devon local authority area. The most recent EPC inspection was January 2022, where the current energy rating was D, and the potential energy rating was B.

7 MEADOW CLOSE Sold Prices

Land registry data shows two sales for 7 MEADOW CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Devon local authority area for the corresponding sale date. Both of the two 7 MEADOW CLOSE sales were for below 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
2022 15 AUG	£402,500	£460,512	13% below HPI
2021 28 JUL	£270,000	£379,791	29% below HPI

7 MEADOW CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Devon local authority area over time, sourced from the HPI. The two 7 MEADOW CLOSE sales from July 2021 and August 2022 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 2021 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the August 2022 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 7 MEADOW CLOSE be worth now?

7 MEADOW CLOSE might now be worth an estimated £368,024.

This is based on house price deflation of 8.6%, between August 2022 and May 2026, for detached houses, in the North Devon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 8.6% deflationary decrease is applied to the most recent sale price for 7 MEADOW CLOSE of £402,500 on 15th August 2022. For the value to have decreased from £402,500 to £368,024 over the four years and three months to May 2026, the following assumptions must hold true:

• The value of 7 MEADOW CLOSE has moved in line with the HPI for detached houses in the North Devon local authority area.
• The August 2022 sale price of £402,500 represented a fair market value for the property.
• The size, condition, and specification of 7 MEADOW CLOSE has not materially changed since August 2022.

How Large is 7 MEADOW CLOSE?

7 MEADOW CLOSE is 78m², which includes one extension, according to the EPC inspection conducted in January 2022. This puts it in the smallest 20% of detached houses houses in Landkey, based on EPC data. The below chart shows the distribution of detached houses houses by size in Landkey, and where 7 MEADOW CLOSE lies on this distribution: 11% of detached houses houses are smaller than 7 MEADOW CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Landkey.

7 MEADOW CLOSE: Plot and Title Map

7 MEADOW CLOSE sits on a plot of roughly 0.102 of an acre, or 411m². The below map shows the location of 7 MEADOW 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 7 MEADOW 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 7 MEADOW CLOSE?

7 MEADOW CLOSE is located in LANDKEY, in the EX32 postcode district. The below map shows the position of No. 7 on MEADOW CLOSE.