18, HOWARDS CLOSE, SOUTH MOLTON, EX36 4JT - £215,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

18 HOWARDS CLOSE is a very small detached house of 56m², built sometime between 1976 and 1982, which could now be worth an estimated £281,231. It was last sold for £215,000 in June 2017, which was around 35% below the average June 2017 detached price in the North Devon local authority area. The most recent EPC inspection was July 2016, where the current energy rating was D, and the potential energy rating was B.

18 HOWARDS CLOSE Sold Prices

Land registry data shows two sales for 18 HOWARDS 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 18 HOWARDS 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
2017 1 JUN	£215,000	£329,336	35% below HPI
2016 9 NOV	£174,000	£325,501	47% below HPI

18 HOWARDS 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 18 HOWARDS CLOSE sales from November 2016 and June 2017 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 November 2016 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the June 2017 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 18 HOWARDS CLOSE be worth now?

18 HOWARDS CLOSE might now be worth an estimated £281,231.

This is based on house price inflation of 30.8%, between June 2017 and December 2024, 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 30.8% inflationary increase is applied to the most recent sale price for 18 HOWARDS CLOSE of £215,000 on 1st June 2017. For the value to have increased from £215,000 to £281,231 over the six years and six months to December 2024, the following assumptions must hold true:

• The value of 18 HOWARDS CLOSE has moved in line with the HPI for detached houses in the North Devon local authority area.
• The June 2017 sale price of £215,000 represented a fair market value for the property.
• The size, condition, and specification of 18 HOWARDS CLOSE has not materially changed since June 2017.

How Large is 18 HOWARDS CLOSE?

18 HOWARDS CLOSE is 56m² according to the EPC inspection conducted in July 2016. 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 18 HOWARDS CLOSE lies on this distribution: 1% of detached houses houses are smaller than 18 HOWARDS CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in South Molton.

18 HOWARDS CLOSE: Plot and Title Map

18 HOWARDS CLOSE sits on a plot of roughly 0.068 of an acre, or 276m². The below map shows the location of 18 HOWARDS 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 HOWARDS 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 HOWARDS CLOSE?

18 HOWARDS CLOSE is located in SOUTH MOLTON, in the EX36 postcode district. The below map shows the position of No. 18 on HOWARDS CLOSE.