BAILEYS CLOSE, HEMYOCK, CULLOMPTON, EX15 3RQ - £232,000

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.

BAILEYS CLOSE is a small detached house of 84m², built sometime between 1967 and 1975, which could now be worth an estimated £281,293. It was last sold for £232,000 in October 2019, which was around 35% below the average October 2019 detached price in the Mid Devon local authority area. The most recent EPC inspection was January 2013, where the current energy rating was D, and the potential energy rating was B.

BAILEYS CLOSE Sold Prices

Land registry data shows two sales for BAILEYS 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 Mid Devon local authority area for the corresponding sale date. Both of the two BAILEYS 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
2019 7 OCT	£232,000	£358,135	35% below HPI
2014 27 JUN	£185,000	£286,373	35% below HPI

BAILEYS CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Mid Devon local authority area over time, sourced from the HPI. The two BAILEYS CLOSE sales from June 2014 and October 2019 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 2014 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the October 2019 sale, which was also at 35% below the HPI.

What might BAILEYS CLOSE be worth now?

BAILEYS CLOSE might now be worth an estimated £281,293.

This is based on house price inflation of 21.2%, between October 2019 and June 2025, for detached houses, in the Mid Devon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 21.2% inflationary increase is applied to the most recent sale price for BAILEYS CLOSE of £232,000 on 7th October 2019. For the value to have increased from £232,000 to £281,293 over the six years and four months to June 2025, the following assumptions must hold true:

• The value of BAILEYS CLOSE has moved in line with the HPI for detached houses in the Mid Devon local authority area.
• The October 2019 sale price of £232,000 represented a fair market value for the property.
• The size, condition, and specification of BAILEYS CLOSE has not materially changed since October 2019.

How Large is BAILEYS CLOSE?

BAILEYS CLOSE is 84m² according to the EPC inspection conducted in January 2013. This puts it in the smallest 30% of detached houses houses in Hemyock, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hemyock, and where BAILEYS CLOSE lies on this distribution: 28% of detached houses houses are smaller than BAILEYS CLOSE, and 71% of houses are larger. Note that EPC data is not available for all properties in Hemyock.

BAILEYS CLOSE: Plot and Title Map

BAILEYS CLOSE sits on a plot of roughly 0.058 of an acre, or 236m². The below map shows the location of BAILEYS 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 BAILEYS 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 BAILEYS CLOSE?

BAILEYS CLOSE is located in HEMYOCK, in the EX15 postcode district. The below map shows the position of BAILEYS CLOSE in HEMYOCK.