2, LOWER RAY, CRANBROOK, EXETER, EX5 7GF - £185,000

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.

2 LOWER RAY is a very large flat of 72m², built in 2018, which could now be worth an estimated £208,843. It was last sold for £185,000 in June 2019, which was around 14% above the average June 2019 flat price in the East Devon local authority area. The most recent EPC inspection was November 2018, where the current energy rating was B, and the potential energy rating was B.

2 LOWER RAY Sold Prices

Land registry data shows one sale for 2 LOWER RAY since 1^st January 1995. The below table shows the price paid for the one sale, along with the average flat price in the East Devon local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2019 28 JUN	£185,000	£162,686	14% above HPI

What might 2 LOWER RAY be worth now?

2 LOWER RAY might now be worth an estimated £208,843.

This is based on house price inflation of 12.9%, between June 2019 and April 2026, for flats, 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 12.9% inflationary increase is applied to the most recent sale price for 2 LOWER RAY of £185,000 on 28th June 2019. For the value to have increased from £185,000 to £208,843 over the seven years and two months to April 2026, the following assumptions must hold true:

• The value of 2 LOWER RAY has moved in line with the HPI for flats in the East Devon local authority area.
• The June 2019 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of 2 LOWER RAY has not materially changed since June 2019.

How Large is 2 LOWER RAY?

2 LOWER RAY is 72m² according to the EPC inspection conducted in November 2018. This puts it in the largest 20% of flats in Cranbrook, based on EPC data. 84% of flats are smaller than 2 LOWER RAY, and 12% of flats are larger. Note that EPC data is not available for all properties in Cranbrook.

2 LOWER RAY: Plot

2 LOWER RAY sits on a plot of roughly 0.041 of an acre, or 164m².

Where is 2 LOWER RAY?

2 LOWER RAY is located in CRANBROOK, in the EX5 postcode district.