1, LOWER RAY, CRANBROOK, EXETER, EX5 7GF - £307,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 LOWER RAY is a very small detached house of 88m², which could now be worth an estimated £320,515. It was last sold for £307,500 in June 2024, which was around 41% below the average June 2024 detached 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 A.

1 LOWER RAY Sold Prices

Land registry data shows two sales for 1 LOWER RAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Devon local authority area for the corresponding sale date. Both of the two 1 LOWER RAY 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
2024 14 JUN	£307,500	£520,868	41% below HPI
2019 28 JUN	£250,000	£428,064	42% below HPI

1 LOWER RAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Devon local authority area over time, sourced from the HPI. The two 1 LOWER RAY sales from June 2019 and June 2024 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 June 2019 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the June 2024 sale, where it rises to 41% below the HPI. The line then continues to track at 41% below the HPI.

What might 1 LOWER RAY be worth now?

1 LOWER RAY might now be worth an estimated £320,515.

This is based on house price inflation of 4.2%, between June 2024 and December 2024, for detached houses, 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 4.2% inflationary increase is applied to the most recent sale price for 1 LOWER RAY of £307,500 on 14th June 2024. For the value to have increased from £307,500 to £320,515 over the six months to December 2024, the following assumptions must hold true:

• The value of 1 LOWER RAY has moved in line with the HPI for detached houses in the East Devon local authority area.
• The June 2024 sale price of £307,500 represented a fair market value for the property.
• The size, condition, and specification of 1 LOWER RAY has not materially changed since June 2024.

How Large is 1 LOWER RAY?

1 LOWER RAY is 88m² according to the EPC inspection conducted in November 2018. This puts it in the smallest 20% of detached houses houses in Cranbrook, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cranbrook, and where 1 LOWER RAY lies on this distribution: 18% of detached houses houses are smaller than 1 LOWER RAY, and 75% of houses are larger. Note that EPC data is not available for all properties in Cranbrook.

1 LOWER RAY: Plot and Title Map

1 LOWER RAY sits on a plot of roughly 0.051 of an acre, or 207m². The below map shows the location of 1 LOWER RAY, 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 1 LOWER RAY). 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 1 LOWER RAY?

1 LOWER RAY is located in CRANBROOK, in the EX5 postcode district. The below map shows the position of No. 1 on LOWER RAY.