1, PEARMAIN CLOSE, WILLAND, CULLOMPTON, EX15 2TD - £208,000

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 PEARMAIN CLOSE is a very small detached house of 76m², built sometime between 1991 and 1995, which could now be worth an estimated £297,718. It was last sold for £208,000 in September 2014, which was around 32% below the average September 2014 detached price in the Mid Devon local authority area. The most recent EPC inspection was May 2014, where the current energy rating was D, and the potential energy rating was B.

1 PEARMAIN CLOSE Sold Prices

Land registry data shows four sales for 1 PEARMAIN 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 Mid Devon local authority area for the corresponding sale date. All of the four 1 PEARMAIN 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
2014 19 SEP	£208,000	£303,727	32% below HPI
2002 18 DEC	£159,000	£204,489	22% below HPI
1998 9 OCT	£71,500	£105,353	32% below HPI
1997 26 MAR	£70,000	£90,558	23% below HPI

1 PEARMAIN CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Mid Devon local authority area over time, sourced from the HPI. The four 1 PEARMAIN CLOSE sales between March 1997 and September 2014 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 December 2002 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the September 2014 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

What might 1 PEARMAIN CLOSE be worth now?

1 PEARMAIN CLOSE might now be worth an estimated £297,718.

This is based on house price inflation of 43.1%, between September 2014 and December 2024, for detached houses, 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 43.1% inflationary increase is applied to the most recent sale price for 1 PEARMAIN CLOSE of £208,000 on 19th September 2014. For the value to have increased from £208,000 to £297,718 over the nine years and nine months to December 2024, the following assumptions must hold true:

• The value of 1 PEARMAIN CLOSE has moved in line with the HPI for detached houses in the Mid Devon local authority area.
• The September 2014 sale price of £208,000 represented a fair market value for the property.
• The size, condition, and specification of 1 PEARMAIN CLOSE has not materially changed since September 2014.

How Large is 1 PEARMAIN CLOSE?

1 PEARMAIN CLOSE is 76m² according to the EPC inspection conducted in May 2014. This puts it in the smallest 20% of detached houses houses in Willand, based on EPC data. The below chart shows the distribution of detached houses houses by size in Willand, and where 1 PEARMAIN CLOSE lies on this distribution: 12% of detached houses houses are smaller than 1 PEARMAIN CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Willand.

1 PEARMAIN CLOSE: Plot and Title Map

1 PEARMAIN CLOSE sits on a plot of roughly 0.062 of an acre, or 249m². The below map shows the location of 1 PEARMAIN 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 1 PEARMAIN 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 1 PEARMAIN CLOSE?

1 PEARMAIN CLOSE is located in WILLAND, in the EX15 postcode district. The below map shows the position of No. 1 on PEARMAIN CLOSE.