8, PEAR CLOSE, CRANBROOK, EXETER, EX5 7HX - £275,000

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.

8 PEAR CLOSE is a very small semi-detached house of 69m², built in 2019, which could now be worth an estimated £277,106. It was last sold for £275,000 in October 2023, which was around 18% below the average October 2023 semi-detached price in the East Devon local authority area. The most recent EPC inspection was April 2022, where the current energy rating was B, and the potential energy rating was A.

8 PEAR CLOSE Sold Prices

Land registry data shows two sales for 8 PEAR CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the East Devon local authority area for the corresponding sale date. Both of the two 8 PEAR 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
2023 25 OCT	£275,000	£335,061	18% below HPI
2022 26 MAY	£250,000	£314,838	21% below HPI

8 PEAR CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the East Devon local authority area over time, sourced from the HPI. The two 8 PEAR CLOSE sales from May 2022 and October 2023 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 May 2022 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the October 2023 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 8 PEAR CLOSE be worth now?

8 PEAR CLOSE might now be worth an estimated £277,106.

This is based on house price inflation of 0.8%, between October 2023 and May 2026, for semi-detached houses, in the East Devon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 0.8% inflationary increase is applied to the most recent sale price for 8 PEAR CLOSE of £275,000 on 25th October 2023. For the value to have increased from £275,000 to £277,106 over the three years and five months to May 2026, the following assumptions must hold true:

• The value of 8 PEAR CLOSE has moved in line with the HPI for semi-detached houses in the East Devon local authority area.
• The October 2023 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 8 PEAR CLOSE has not materially changed since October 2023.

How Large is 8 PEAR CLOSE?

8 PEAR CLOSE is 69m² according to the EPC inspection conducted in April 2022. This puts it in the smallest 10% of semi-detached houses houses in Cranbrook, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Cranbrook, and where 8 PEAR CLOSE lies on this distribution: 1% of semi-detached houses houses are smaller than 8 PEAR CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Cranbrook.

8 PEAR CLOSE: Plot and Title Map

8 PEAR CLOSE sits on a plot of roughly 0.068 of an acre, or 276m². The below map shows the location of 8 PEAR 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 8 PEAR 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 8 PEAR CLOSE?

8 PEAR CLOSE is located in CRANBROOK, in the EX5 postcode district. The below map shows the position of No. 8 on PEAR CLOSE.