9, PENNY CLOSE, EXMINSTER, EXETER, EX6 8SU - £280,000

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.

9 PENNY CLOSE is a very small terraced house of 56m², built sometime between 1991 and 1995, which could now be worth an estimated £278,371. It was last sold for £280,000 in July 2023, which was around 17% above the average July 2023 terraced price in the Teignbridge local authority area. The most recent EPC inspection was October 2022, where the current energy rating was E, and the potential energy rating was B.

9 PENNY CLOSE Sold Prices

Land registry data shows four sales for 9 PENNY CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Teignbridge local authority area for the corresponding sale date. All of the four 9 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
2023 21 JUL	£280,000	£238,414	17% above HPI
2017 9 JUN	£215,000	£181,913	18% above HPI
2005 19 AUG	£157,500	£142,569	10% above HPI
1998 27 FEB	£54,750	£45,975	19% above HPI

9 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 four 9 PENNY CLOSE sales between February 1998 and July 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 June 2017 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the July 2023 sale, where it falls to 17% above the HPI. The line then continues to track at 17% above the HPI.

What might 9 PENNY CLOSE be worth now?

9 PENNY CLOSE might now be worth an estimated £278,371.

This is based on house price deflation of 0.6%, between July 2023 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 0.6% deflationary decrease is applied to the most recent sale price for 9 PENNY CLOSE of £280,000 on 21st July 2023. For the value to have decreased from £280,000 to £278,371 over the three years and three months to April 2026, the following assumptions must hold true:

• The value of 9 PENNY CLOSE has moved in line with the HPI for terraced houses in the Teignbridge local authority area.
• The July 2023 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of 9 PENNY CLOSE has not materially changed since July 2023.

How Large is 9 PENNY CLOSE?

9 PENNY CLOSE is 56m² according to the EPC inspection conducted in October 2022. 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 9 PENNY CLOSE lies on this distribution: 1% of terraced houses houses are smaller than 9 PENNY CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Exminster.

9 PENNY CLOSE: Plot and Title Map

9 PENNY CLOSE sits on a plot of roughly 0.038 of an acre, or 153m². The below map shows the location of 9 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 9 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 9 PENNY CLOSE?

9 PENNY CLOSE is located in EXMINSTER, in the EX6 postcode district. The below map shows the position of No. 9 on PENNY CLOSE.