3, ELM CLOSE, STIBB CROSS, TORRINGTON, EX38 8HY - £400,000

3 ELM CLOSE is a midsized detached house of 114m², built sometime between 2003 and 2006. It was last sold for £400,000 in September 2022, which was around 11% below the average September 2022 detached price in the Torridge local authority area. The most recent EPC inspection was February 2022, where the current energy rating was C, and the potential energy rating was C.

3 ELM CLOSE Sold Prices

Land registry data shows four sales for 3 ELM CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Torridge local authority area for the corresponding sale date. All of the four 3 ELM 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
2022 1 SEP	£400,000	£448,277	11% below HPI
2018 16 MAR	£265,000	£324,948	18% below HPI
2015 9 SEP	£242,000	£299,672	19% below HPI
2003 17 JAN	£145,000	£184,961	22% below HPI

3 ELM CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Torridge local authority area over time, sourced from the HPI. The four 3 ELM CLOSE sales between January 2003 and September 2022 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 March 2018 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the September 2022 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 3 ELM CLOSE?

3 ELM CLOSE is 114m² according to the EPC inspection conducted in February 2022. This puts it in the smallest 50% of detached houses in Stibb Cross, based on EPC data. The below chart shows the distribution of detached houses by size in Stibb Cross, and where 3 ELM CLOSE lies on this distribution: 45% of detached houses are smaller than 3 ELM CLOSE, and 55% of houses are larger. Note that EPC data is not available for all properties in Stibb Cross.

3 ELM CLOSE: Plot and Title Map

3 ELM CLOSE sits on a plot of roughly 0.113 of an acre, or 458m². The below map shows the location of 3 ELM 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 3 ELM 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 3 ELM CLOSE?

3 ELM CLOSE is located in STIBB CROSS, in the EX38 postcode district. The below map shows the position of No. 3 on ELM CLOSE.