16, FALLOW CLOSE, SOUTH MOLTON, EX36 3FL - £300,000

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.

16 FALLOW CLOSE is a very small detached house of 71m², which could now be worth an estimated £321,480. It was last sold for £300,000 in November 2021, which was around 28% below the average November 2021 detached price in the North Devon local authority area. The most recent EPC inspection was December 2019, where the current energy rating was B, and the potential energy rating was A.

16 FALLOW CLOSE Sold Prices

Land registry data shows two sales for 16 FALLOW 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 16 FALLOW 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
2021 11 NOV	£300,000	£415,396	28% below HPI
2019 18 DEC	£279,950	£360,277	22% below HPI

16 FALLOW 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 16 FALLOW CLOSE sales from December 2019 and November 2021 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 December 2019 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the November 2021 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 16 FALLOW CLOSE be worth now?

16 FALLOW CLOSE might now be worth an estimated £321,480.

This is based on house price inflation of 7.2%, between November 2021 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 7.2% inflationary increase is applied to the most recent sale price for 16 FALLOW CLOSE of £300,000 on 11th November 2021. For the value to have increased from £300,000 to £321,480 over the four years and nine months to February 2025, the following assumptions must hold true:

• The value of 16 FALLOW CLOSE has moved in line with the HPI for detached houses in the North Devon local authority area.
• The November 2021 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of 16 FALLOW CLOSE has not materially changed since November 2021.

How Large is 16 FALLOW CLOSE?

16 FALLOW CLOSE is 71m² according to the EPC inspection conducted in December 2019. This puts it in the smallest 10% 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 16 FALLOW CLOSE lies on this distribution: 7% of detached houses houses are smaller than 16 FALLOW CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in South Molton.

16 FALLOW CLOSE: Plot and Title Map

16 FALLOW CLOSE sits on a plot of roughly 0.077 of an acre, or 311m². The below map shows the location of 16 FALLOW 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 16 FALLOW 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 16 FALLOW CLOSE?

16 FALLOW CLOSE is located in SOUTH MOLTON, in the EX36 postcode district. The below map shows the position of No. 16 on FALLOW CLOSE.