15, SPEARFIELD CLOSE, SOUTH MOLTON, EX36 4SE - £225,000

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.

15 SPEARFIELD CLOSE is a very small detached house of 77m², built sometime between 1983 and 1990, which could now be worth an estimated £346,680. It was last sold for £225,000 in February 2014, which was around 22% below the average February 2014 detached price in the North Devon local authority area. The most recent EPC inspection was July 2013, where the current energy rating was D, and the potential energy rating was B.

15 SPEARFIELD CLOSE Sold Prices

Land registry data shows two sales for 15 SPEARFIELD 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 15 SPEARFIELD 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
2014 7 FEB	£225,000	£288,901	22% below HPI
2000 23 JUN	£118,000	£125,759	6% below HPI

15 SPEARFIELD 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 15 SPEARFIELD CLOSE sales from June 2000 and February 2014 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 June 2000 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the February 2014 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 15 SPEARFIELD CLOSE be worth now?

15 SPEARFIELD CLOSE might now be worth an estimated £346,680.

This is based on house price inflation of 54.1%, between February 2014 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 54.1% inflationary increase is applied to the most recent sale price for 15 SPEARFIELD CLOSE of £225,000 on 7th February 2014. For the value to have increased from £225,000 to £346,680 over the eleven years to February 2025, the following assumptions must hold true:

• The value of 15 SPEARFIELD CLOSE has moved in line with the HPI for detached houses in the North Devon local authority area.
• The February 2014 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 15 SPEARFIELD CLOSE has not materially changed since February 2014.

How Large is 15 SPEARFIELD CLOSE?

15 SPEARFIELD CLOSE is 77m² according to the EPC inspection conducted in July 2013. This puts it in the smallest 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 15 SPEARFIELD CLOSE lies on this distribution: 15% of detached houses houses are smaller than 15 SPEARFIELD CLOSE, and 83% of houses are larger. Note that EPC data is not available for all properties in South Molton.

15 SPEARFIELD CLOSE: Plot and Title Map

15 SPEARFIELD CLOSE sits on a plot of roughly 0.093 of an acre, or 378m². The below map shows the location of 15 SPEARFIELD 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 15 SPEARFIELD 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 15 SPEARFIELD CLOSE?

15 SPEARFIELD CLOSE is located in SOUTH MOLTON, in the EX36 postcode district. The below map shows the position of No. 15 on SPEARFIELD CLOSE.