4, OBSERVER CLOSE, SOUTH MOLTON, EX36 3FE - £349,950

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.

4 OBSERVER CLOSE is a midsized detached house of 104m², built in 2018, which could now be worth an estimated £426,415. It was last sold for £349,950 in December 2018, which was around 1% above the average December 2018 detached price in the North 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 A.

4 OBSERVER CLOSE Sold Prices

Land registry data shows one sale for 4 OBSERVER CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached price in the North 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
2018 10 DEC	£349,950	£345,561	1% above HPI

What might 4 OBSERVER CLOSE be worth now?

4 OBSERVER CLOSE might now be worth an estimated £426,415.

This is based on house price inflation of 21.9%, between December 2018 and May 2026, for detached houses, in the North Devon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 21.9% inflationary increase is applied to the most recent sale price for 4 OBSERVER CLOSE of £349,950 on 10th December 2018. For the value to have increased from £349,950 to £426,415 over the eight years and seven months to May 2026, the following assumptions must hold true:

• The value of 4 OBSERVER CLOSE has moved in line with the HPI for detached houses in the North Devon local authority area.
• The December 2018 sale price of £349,950 represented a fair market value for the property.
• The size, condition, and specification of 4 OBSERVER CLOSE has not materially changed since December 2018.

How Large is 4 OBSERVER CLOSE?

4 OBSERVER CLOSE is 104m² according to the EPC inspection conducted in November 2018. This puts it in the smallest 50% of detached houses in South Molton, based on EPC data. The below chart shows the distribution of detached houses by size in South Molton, and where 4 OBSERVER CLOSE lies on this distribution: 43% of detached houses are smaller than 4 OBSERVER CLOSE, and 52% of detached houses are larger. Note that EPC data is not available for all properties in South Molton.

4 OBSERVER CLOSE: Plot

4 OBSERVER CLOSE sits on a plot of roughly 0.147 of an acre, or 596m².

Where is 4 OBSERVER CLOSE?

4 OBSERVER CLOSE is located in SOUTH MOLTON, in the EX36 postcode district.