11, MERCERS CLOSE, TIVERTON, EX16 6AE - £228,000

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

11 MERCERS CLOSE is a very small detached house of 79m², built sometime between 2003 and 2006, which could now be worth an estimated £274,947. It was last sold for £228,000 in July 2018, which was around 35% below the average July 2018 detached price in the Mid Devon local authority area. The most recent EPC inspection was April 2012, where the current energy rating was C, and the potential energy rating was B.

11 MERCERS CLOSE Sold Prices

Land registry data shows four sales for 11 MERCERS 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 11 MERCERS 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
2018 27 JUL	£228,000	£349,705	35% below HPI
2018 20 JUL	£228,000	£349,705	35% below HPI
2013 26 JUL	£193,500	£285,804	32% below HPI
2006 27 NOV	£199,950	£282,273	29% below HPI

11 MERCERS 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 11 MERCERS CLOSE sales between November 2006 and July 2018 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 July 2018 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the July 2018 sale, which was also at 35% below the HPI.

What might 11 MERCERS CLOSE be worth now?

11 MERCERS CLOSE might now be worth an estimated £274,947.

This is based on house price inflation of 20.6%, between July 2018 and February 2025, 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 20.6% inflationary increase is applied to the most recent sale price for 11 MERCERS CLOSE of £228,000 on 27th July 2018. For the value to have increased from £228,000 to £274,947 over the seven years and five months to February 2025, the following assumptions must hold true:

• The value of 11 MERCERS CLOSE has moved in line with the HPI for detached houses in the Mid Devon local authority area.
• The July 2018 sale price of £228,000 represented a fair market value for the property.
• The size, condition, and specification of 11 MERCERS CLOSE has not materially changed since July 2018.

How Large is 11 MERCERS CLOSE?

11 MERCERS CLOSE is 79m² according to the EPC inspection conducted in April 2012. This puts it in the smallest 20% of detached houses houses in Tiverton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Tiverton, and where 11 MERCERS CLOSE lies on this distribution: 15% of detached houses houses are smaller than 11 MERCERS CLOSE, and 83% of houses are larger. Note that EPC data is not available for all properties in Tiverton.

11 MERCERS CLOSE: Plot and Title Map

11 MERCERS CLOSE sits on a plot of roughly 0.058 of an acre, or 234m². The below map shows the location of 11 MERCERS 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 11 MERCERS 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 11 MERCERS CLOSE?

11 MERCERS CLOSE is located in TIVERTON, in the EX16 postcode district. The below map shows the position of No. 11 on MERCERS CLOSE.