12, LANCASTER CLOSE, CULLOMPTON, EX15 1XB - £362,500

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.

12 LANCASTER CLOSE is a large detached house of 120m², built sometime between 1996 and 2002, which could now be worth an estimated £426,852. It was last sold for £362,500 in October 2019, which was around 1% above the average October 2019 detached price in the Mid Devon local authority area. The most recent EPC inspection was June 2015, where the current energy rating was C, and the potential energy rating was B.

12 LANCASTER CLOSE Sold Prices

Land registry data shows four sales for 12 LANCASTER 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. two of the four 12 LANCASTER CLOSE sales were for above the average price, and four 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
2019 28 OCT	£362,500	£358,135	1% above HPI
2016 31 AUG	£292,500	£325,138	10% below HPI
2001 1 JUN	£166,250	£150,000	11% above HPI
2000 29 AUG	£134,750	£136,910	2% below HPI

12 LANCASTER 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 12 LANCASTER CLOSE sales between August 2000 and October 2019 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 August 2016 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the October 2019 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might 12 LANCASTER CLOSE be worth now?

12 LANCASTER CLOSE might now be worth an estimated £426,852.

This is based on house price inflation of 17.8%, between October 2019 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 17.8% inflationary increase is applied to the most recent sale price for 12 LANCASTER CLOSE of £362,500 on 28th October 2019. For the value to have increased from £362,500 to £426,852 over the six years and eight months to February 2025, the following assumptions must hold true:

• The value of 12 LANCASTER CLOSE has moved in line with the HPI for detached houses in the Mid Devon local authority area.
• The October 2019 sale price of £362,500 represented a fair market value for the property.
• The size, condition, and specification of 12 LANCASTER CLOSE has not materially changed since October 2019.

How Large is 12 LANCASTER CLOSE?

12 LANCASTER CLOSE is 120m² according to the EPC inspection conducted in June 2015. This puts it in the largest 30% of detached houses houses in Cullompton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cullompton, and where 12 LANCASTER CLOSE lies on this distribution: 70% of detached houses houses are smaller than 12 LANCASTER CLOSE, and 29% of houses are larger. Note that EPC data is not available for all properties in Cullompton.

12 LANCASTER CLOSE: Plot and Title Map

12 LANCASTER CLOSE sits on a plot of roughly 0.090 of an acre, or 363m². The below map shows the location of 12 LANCASTER 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 12 LANCASTER 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 12 LANCASTER CLOSE?

12 LANCASTER CLOSE is located in CULLOMPTON, in the EX15 postcode district. The below map shows the position of No. 12 on LANCASTER CLOSE.