3, DRAKE CLOSE, CULLOMPTON, EX15 1FN - £157,500

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.

3 DRAKE CLOSE is a very large extended flat of 68m², built sometime between 2003 and 2006, which could now be worth an estimated £173,489. It was last sold for £157,500 in May 2017, which was around 32% above the average May 2017 flat price in the Mid Devon local authority area. The most recent EPC inspection was November 2019, where the current energy rating was C, and the potential energy rating was C.

3 DRAKE CLOSE Sold Prices

Land registry data shows three sales for 3 DRAKE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average flat price in the Mid Devon local authority area for the corresponding sale date. All of the three 3 DRAKE 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
2017 12 MAY	£157,500	£119,378	32% above HPI
2013 10 SEP	£138,000	£107,316	29% above HPI
2009 30 MAR	£145,000	£106,409	36% above HPI

What might 3 DRAKE CLOSE be worth now?

3 DRAKE CLOSE might now be worth an estimated £173,489.

This is based on house price inflation of 10.2%, between May 2017 and May 2026, for flats, 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 10.2% inflationary increase is applied to the most recent sale price for 3 DRAKE CLOSE of £157,500 on 12th May 2017. For the value to have increased from £157,500 to £173,489 over the nine years to May 2026, the following assumptions must hold true:

• The value of 3 DRAKE CLOSE has moved in line with the HPI for flats in the Mid Devon local authority area.
• The May 2017 sale price of £157,500 represented a fair market value for the property.
• The size, condition, and specification of 3 DRAKE CLOSE has not materially changed since May 2017.

How Large is 3 DRAKE CLOSE?

3 DRAKE CLOSE is 68m², which includes one extension, according to the EPC inspection conducted in November 2019. This puts it in the largest 20% of flats in Cullompton, based on EPC data. 81% of flats are smaller than 3 DRAKE CLOSE, and 19% of flats are larger. Note that EPC data is not available for all properties in Cullompton.

3 DRAKE CLOSE: Plot

3 DRAKE CLOSE sits on a plot of roughly 0.021 of an acre, or 83m².

Where is 3 DRAKE CLOSE?

3 DRAKE CLOSE is located in CULLOMPTON, in the EX15 postcode district.