8, DRAKE CLOSE, CULLOMPTON, EX15 1FN - £144,000

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.

8 DRAKE CLOSE is a very small flat of 11m², which could now be worth an estimated £177,565. It was last sold for £144,000 in October 2013, which was around 35% above the average October 2013 flat price in the Mid Devon local authority area. The most recent EPC inspection was October 2008, where the current energy rating was C, and the potential energy rating was C.

8 DRAKE CLOSE Sold Prices

Land registry data shows two sales for 8 DRAKE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average flat price in the Mid Devon local authority area for the corresponding sale date. Both of the two 8 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
2013 4 OCT	£144,000	£106,640	35% above HPI
2008 19 DEC	£149,995	£110,860	35% above HPI

What might 8 DRAKE CLOSE be worth now?

8 DRAKE CLOSE might now be worth an estimated £177,565.

This is based on house price inflation of 23.3%, between October 2013 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 23.3% inflationary increase is applied to the most recent sale price for 8 DRAKE CLOSE of £144,000 on 4th October 2013. For the value to have increased from £144,000 to £177,565 over the thirteen years and five months to May 2026, the following assumptions must hold true:

• The value of 8 DRAKE CLOSE has moved in line with the HPI for flats in the Mid Devon local authority area.
• The October 2013 sale price of £144,000 represented a fair market value for the property.
• The size, condition, and specification of 8 DRAKE CLOSE has not materially changed since October 2013.

How Large is 8 DRAKE CLOSE?

8 DRAKE CLOSE is 11m² according to the EPC inspection conducted in October 2008. This puts it in the smallest 10% of flats in Cullompton, based on EPC data. Less than 1% of flats are smaller than 8 DRAKE CLOSE, and more than 99% of flats are larger. Note that EPC data is not available for all properties in Cullompton.

8 DRAKE CLOSE: Plot

8 DRAKE CLOSE sits on a plot of roughly 0.029 of an acre, or 116m².

Where is 8 DRAKE CLOSE?

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