2, BULLANDS CLOSE, BOVEY TRACEY, NEWTON ABBOT, TQ13 9JF - £340,000

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.

2 BULLANDS CLOSE is a small extended detached house of 92m², built sometime between 1983 and 1990, which could now be worth an estimated £326,490. It was last sold for £340,000 in October 2022, which was around 30% below the average October 2022 detached price in the Teignbridge local authority area. The most recent EPC inspection was July 2022, where the current energy rating was C, and the potential energy rating was B.

2 BULLANDS CLOSE Sold Prices

Land registry data shows three sales for 2 BULLANDS 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 Teignbridge local authority area for the corresponding sale date. All of the three 2 BULLANDS 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 20 OCT	£340,000	£486,807	30% below HPI
2019 16 APR	£255,000	£369,316	31% below HPI
2001 30 APR	£95,000	£144,651	34% below HPI

2 BULLANDS CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Teignbridge local authority area over time, sourced from the HPI. The three 2 BULLANDS CLOSE sales between April 2001 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 April 2019 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the October 2022 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 2 BULLANDS CLOSE be worth now?

2 BULLANDS CLOSE might now be worth an estimated £326,490.

This is based on house price deflation of 4%, between October 2022 and February 2025, for detached houses, in the Teignbridge local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 4% deflationary decrease is applied to the most recent sale price for 2 BULLANDS CLOSE of £340,000 on 20th October 2022. For the value to have decreased from £340,000 to £326,490 over the three years and eight months to February 2025, the following assumptions must hold true:

• The value of 2 BULLANDS CLOSE has moved in line with the HPI for detached houses in the Teignbridge local authority area.
• The October 2022 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of 2 BULLANDS CLOSE has not materially changed since October 2022.

How Large is 2 BULLANDS CLOSE?

2 BULLANDS CLOSE is 92m², which includes one extension, according to the EPC inspection conducted in July 2022. This puts it in the smallest 40% of detached houses houses in Bovey Tracey, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bovey Tracey, and where 2 BULLANDS CLOSE lies on this distribution: 30% of detached houses houses are smaller than 2 BULLANDS CLOSE, and 68% of houses are larger. Note that EPC data is not available for all properties in Bovey Tracey.

2 BULLANDS CLOSE: Plot and Title Map

2 BULLANDS CLOSE sits on a plot of roughly 0.050 of an acre, or 204m². The below map shows the location of 2 BULLANDS 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 2 BULLANDS 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 2 BULLANDS CLOSE?

2 BULLANDS CLOSE is located in BOVEY TRACEY, in the TQ13 postcode district. The below map shows the position of No. 2 on BULLANDS CLOSE.