11, TANNERY CLOSE, SOUTH MOLTON, EX36 4FB - £345,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

11 TANNERY CLOSE is a large detached house of 123m², which could now be worth an estimated £359,118. It was last sold for £345,000 in May 2022, which was around 19% below the average May 2022 detached price in the North Devon local authority area. The most recent EPC inspection was June 2017, where the current energy rating was B, and the potential energy rating was A.

11 TANNERY CLOSE Sold Prices

Land registry data shows two sales for 11 TANNERY 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 North Devon local authority area for the corresponding sale date. Both of the two 11 TANNERY 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
2022 20 MAY	£345,000	£427,639	19% below HPI
2017 19 JUL	£262,500	£333,826	21% below HPI

11 TANNERY CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Devon local authority area over time, sourced from the HPI. The two 11 TANNERY CLOSE sales from July 2017 and May 2022 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 2017 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the May 2022 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 11 TANNERY CLOSE be worth now?

11 TANNERY CLOSE might now be worth an estimated £359,118.

This is based on house price inflation of 4.1%, between May 2022 and February 2025, for detached houses, in the North Devon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 4.1% inflationary increase is applied to the most recent sale price for 11 TANNERY CLOSE of £345,000 on 20th May 2022. For the value to have increased from £345,000 to £359,118 over the three years and three months to February 2025, the following assumptions must hold true:

• The value of 11 TANNERY CLOSE has moved in line with the HPI for detached houses in the North Devon local authority area.
• The May 2022 sale price of £345,000 represented a fair market value for the property.
• The size, condition, and specification of 11 TANNERY CLOSE has not materially changed since May 2022.

How Large is 11 TANNERY CLOSE?

11 TANNERY CLOSE is 123m² according to the EPC inspection conducted in June 2017. This puts it in the largest 20% of detached houses houses in South Molton, based on EPC data. The below chart shows the distribution of detached houses houses by size in South Molton, and where 11 TANNERY CLOSE lies on this distribution: 80% of detached houses houses are smaller than 11 TANNERY CLOSE, and 17% of houses are larger. Note that EPC data is not available for all properties in South Molton.

11 TANNERY CLOSE: Plot and Title Map

11 TANNERY CLOSE sits on a plot of roughly 0.122 of an acre, or 495m². The below map shows the location of 11 TANNERY 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 TANNERY 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 TANNERY CLOSE?

11 TANNERY CLOSE is located in SOUTH MOLTON, in the EX36 postcode district. The below map shows the position of No. 11 on TANNERY CLOSE.