1, STEPS CLOSE, EXETER, EX1 3QH - £275,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 STEPS CLOSE is a very small detached house of 73m², built sometime between 1991 and 1995. It was last sold for £275,000 in November 2017, which was around 38% below the average November 2017 detached price in the Exeter local authority area. The most recent EPC inspection was April 2016, where the current energy rating was D, and the potential energy rating was B.

1 STEPS CLOSE Sold Prices

Land registry data shows four sales for 1 STEPS 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 Exeter local authority area for the corresponding sale date. All of the four 1 STEPS 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
2017 14 NOV	£275,000	£443,416	38% below HPI
2002 18 JAN	£128,000	£195,685	35% below HPI
1999 8 NOV	£86,500	£130,792	34% below HPI
1998 27 MAR	£73,800	£108,061	32% below HPI

1 STEPS CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Exeter local authority area over time, sourced from the HPI. The four 1 STEPS CLOSE sales between March 1998 and November 2017 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 January 2002 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the November 2017 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

How Large is 1 STEPS CLOSE?

1 STEPS CLOSE is 73m² according to the EPC inspection conducted in April 2016. This puts it in the smallest 10% of detached houses in Exeter, based on EPC data. The below chart shows the distribution of detached houses by size in Exeter, and where 1 STEPS CLOSE lies on this distribution: 8% of detached houses are smaller than 1 STEPS CLOSE, and 91% of houses are larger. Note that EPC data is not available for all properties in Exeter.

1 STEPS CLOSE: Plot and Title Map

1 STEPS CLOSE sits on a plot of roughly 0.050 of an acre, or 203m². The below map shows the location of 1 STEPS 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 STEPS 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 STEPS CLOSE?

1 STEPS CLOSE is located in EXETER, in the EX1 postcode district. The below map shows the position of No. 1 on STEPS CLOSE.