18, DRAKE CLOSE, CULLOMPTON, EX15 1FN - £397,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

18 DRAKE CLOSE is a midsized detached house of 108m², built sometime between 2003 and 2006. It was last sold for £397,000 in October 2022, which was around 14% below the average October 2022 detached price in the Mid Devon local authority area. The most recent EPC inspection was March 2022, where the current energy rating was C, and the potential energy rating was B.

18 DRAKE CLOSE Sold Prices

Land registry data shows three sales for 18 DRAKE 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 18 DRAKE 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 25 OCT	£397,000	£460,986	14% below HPI
2010 5 MAR	£244,000	£269,241	9% below HPI
2009 26 JUN	£213,000	£252,675	16% below HPI

18 DRAKE 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 18 DRAKE CLOSE sales between June 2009 and October 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 March 2010 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the October 2022 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 18 DRAKE CLOSE?

18 DRAKE CLOSE is 108m² according to the EPC inspection conducted in March 2022. This puts it in the largest 50% of detached houses in Cullompton, based on EPC data. The below chart shows the distribution of detached houses by size in Cullompton, and where 18 DRAKE CLOSE lies on this distribution: 48% of detached houses are smaller than 18 DRAKE CLOSE, and 49% of houses are larger. Note that EPC data is not available for all properties in Cullompton.

18 DRAKE CLOSE: Plot and Title Map

18 DRAKE CLOSE sits on a plot of roughly 0.057 of an acre, or 232m². The below map shows the location of 18 DRAKE 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 18 DRAKE 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 18 DRAKE CLOSE?

18 DRAKE CLOSE is located in CULLOMPTON, in the EX15 postcode district. The below map shows the position of No. 18 on DRAKE CLOSE.