14, REDWOOD CLOSE, HEMYOCK, CULLOMPTON, EX15 3QQ - £399,950

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.

14 REDWOOD CLOSE is a small detached house of 95m², built sometime between 2003 and 2006, which could now be worth an estimated £372,311. It was last sold for £399,950 in August 2022, which was around 12% below the average August 2022 detached price in the Mid Devon local authority area. The most recent EPC inspection was September 2016, where the current energy rating was D, and the potential energy rating was B.

14 REDWOOD CLOSE Sold Prices

Land registry data shows three sales for 14 REDWOOD CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Mid Devon local authority area for the corresponding sale date. All of the three 14 REDWOOD 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 24 AUG	£399,950	£453,018	12% below HPI
2017 20 FEB	£289,950	£330,890	12% below HPI
2004 14 DEC	£240,000	£257,719	7% below HPI

14 REDWOOD 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 three 14 REDWOOD CLOSE sales between December 2004 and August 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 February 2017 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the August 2022 sale, which was also at 12% below the HPI.

What might 14 REDWOOD CLOSE be worth now?

14 REDWOOD CLOSE might now be worth an estimated £372,311.

This is based on house price deflation of 6.9%, between August 2022 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 6.9% deflationary decrease is applied to the most recent sale price for 14 REDWOOD CLOSE of £399,950 on 24th August 2022. For the value to have decreased from £399,950 to £372,311 over the three years and six months to February 2025, the following assumptions must hold true:

• The value of 14 REDWOOD CLOSE has moved in line with the HPI for detached houses in the Mid Devon local authority area.
• The August 2022 sale price of £399,950 represented a fair market value for the property.
• The size, condition, and specification of 14 REDWOOD CLOSE has not materially changed since August 2022.

How Large is 14 REDWOOD CLOSE?

14 REDWOOD CLOSE is 95m² according to the EPC inspection conducted in September 2016. This puts it in the smallest 40% of detached houses houses in Hemyock, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hemyock, and where 14 REDWOOD CLOSE lies on this distribution: 38% of detached houses houses are smaller than 14 REDWOOD CLOSE, and 61% of houses are larger. Note that EPC data is not available for all properties in Hemyock.

14 REDWOOD CLOSE: Plot and Title Map

14 REDWOOD CLOSE sits on a plot of roughly 0.091 of an acre, or 370m². The below map shows the location of 14 REDWOOD 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 14 REDWOOD 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 14 REDWOOD CLOSE?

14 REDWOOD CLOSE is located in HEMYOCK, in the EX15 postcode district. The below map shows the position of No. 14 on REDWOOD CLOSE.