7, OTTER CLOSE, OKEHAMPTON, EX20 1TT - £159,000

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.

7 OTTER CLOSE is a very small terraced house of 56m², built sometime between 1996 and 2002, which could now be worth an estimated £209,018. It was last sold for £159,000 in November 2018, which was around 12% below the average November 2018 terraced price in the West Devon local authority area. The most recent EPC inspection was September 2018, where the current energy rating was C, and the potential energy rating was B.

7 OTTER CLOSE Sold Prices

Land registry data shows five sales for 7 OTTER CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the West Devon local authority area for the corresponding sale date. All of the five 7 OTTER 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
2018 21 NOV	£159,000	£180,438	12% below HPI
2013 7 JUN	£124,000	£142,806	13% below HPI
2009 30 JAN	£125,000	£135,914	8% below HPI
2002 3 JUL	£79,000	£82,352	4% below HPI
1999 1 OCT	£49,995	£53,802	7% below HPI

7 OTTER CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the West Devon local authority area over time, sourced from the HPI. The five 7 OTTER CLOSE sales between October 1999 and November 2018 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 June 2013 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the November 2018 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 7 OTTER CLOSE be worth now?

7 OTTER CLOSE might now be worth an estimated £209,018.

This is based on house price inflation of 31.5%, between November 2018 and June 2025, for terraced houses, in the West Devon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 31.5% inflationary increase is applied to the most recent sale price for 7 OTTER CLOSE of £159,000 on 21st November 2018. For the value to have increased from £159,000 to £209,018 over the seven years and five months to June 2025, the following assumptions must hold true:

• The value of 7 OTTER CLOSE has moved in line with the HPI for terraced houses in the West Devon local authority area.
• The November 2018 sale price of £159,000 represented a fair market value for the property.
• The size, condition, and specification of 7 OTTER CLOSE has not materially changed since November 2018.

How Large is 7 OTTER CLOSE?

7 OTTER CLOSE is 56m² according to the EPC inspection conducted in September 2018. This puts it in the smallest 10% of terraced houses houses in Okehampton, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Okehampton, and where 7 OTTER CLOSE lies on this distribution: 1% of terraced houses houses are smaller than 7 OTTER CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Okehampton.

7 OTTER CLOSE: Plot and Title Map

7 OTTER CLOSE sits on a plot of roughly 0.030 of an acre, or 120m². The below map shows the location of 7 OTTER 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 OTTER 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 OTTER CLOSE?

7 OTTER CLOSE is located in OKEHAMPTON, in the EX20 postcode district. The below map shows the position of No. 7 on OTTER CLOSE.