10, ELM CLOSE, STIBB CROSS, TORRINGTON, EX38 8HY - £234,500

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

10 ELM CLOSE is a midsized detached house of 115m², built sometime between 1996 and 2002, which could now be worth an estimated £327,403. It was last sold for £234,500 in August 2015, which was around 18% below the average August 2015 detached price in the Torridge local authority area. The most recent EPC inspection was September 2014, where the current energy rating was D, and the potential energy rating was B.

10 ELM CLOSE Sold Prices

Land registry data shows two sales for 10 ELM CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Torridge local authority area for the corresponding sale date. Both of the two 10 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
2015 21 AUG	£234,500	£286,077	18% below HPI
2003 7 MAR	£155,000	£176,019	12% below HPI

10 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 two 10 ELM CLOSE sales from March 2003 and August 2015 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 2003 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the August 2015 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 10 ELM CLOSE be worth now?

10 ELM CLOSE might now be worth an estimated £327,403.

This is based on house price inflation of 39.6%, between August 2015 and December 2024, for detached houses, in the Torridge local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 39.6% inflationary increase is applied to the most recent sale price for 10 ELM CLOSE of £234,500 on 21st August 2015. For the value to have increased from £234,500 to £327,403 over the eight years and eight months to December 2024, the following assumptions must hold true:

• The value of 10 ELM CLOSE has moved in line with the HPI for detached houses in the Torridge local authority area.
• The August 2015 sale price of £234,500 represented a fair market value for the property.
• The size, condition, and specification of 10 ELM CLOSE has not materially changed since August 2015.

How Large is 10 ELM CLOSE?

10 ELM CLOSE is 115m² according to the EPC inspection conducted in September 2014. This puts it in the smallest 50% of detached houses houses in Stibb Cross, based on EPC data. The below chart shows the distribution of detached houses houses by size in Stibb Cross, and where 10 ELM CLOSE lies on this distribution: 45% of detached houses houses are smaller than 10 ELM CLOSE, and 55% of houses are larger. Note that EPC data is not available for all properties in Stibb Cross.

10 ELM CLOSE: Plot and Title Map

10 ELM CLOSE sits on a plot of roughly 0.089 of an acre, or 362m². The below map shows the location of 10 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 10 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 10 ELM CLOSE?

10 ELM CLOSE is located in STIBB CROSS, in the EX38 postcode district. The below map shows the position of No. 10 on ELM CLOSE.