2, ELGAR CLOSE, BARNSTAPLE, EX32 8AA - £305,000

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 ELGAR CLOSE is a very large extended detached house of 170m², built sometime between 1976 and 1982, which could now be worth an estimated £363,087. It was last sold for £305,000 in February 2021, which was around 18% below the average February 2021 detached price in the North Devon local authority area. The most recent EPC inspection was August 2020, where the current energy rating was C, and the potential energy rating was B.

2 ELGAR CLOSE Sold Prices

Land registry data shows two sales for 2 ELGAR 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 2 ELGAR 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 12 FEB	£305,000	£373,925	18% below HPI
1996 6 DEC	£73,000	£80,451	9% below HPI

2 ELGAR 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 2 ELGAR CLOSE sales from December 1996 and February 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 1996 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the February 2021 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 2 ELGAR CLOSE be worth now?

2 ELGAR CLOSE might now be worth an estimated £363,087.

This is based on house price inflation of 19%, between February 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 19% inflationary increase is applied to the most recent sale price for 2 ELGAR CLOSE of £305,000 on 12th February 2021. For the value to have increased from £305,000 to £363,087 over the four years to February 2025, the following assumptions must hold true:

• The value of 2 ELGAR CLOSE has moved in line with the HPI for detached houses in the North Devon local authority area.
• The February 2021 sale price of £305,000 represented a fair market value for the property.
• The size, condition, and specification of 2 ELGAR CLOSE has not materially changed since February 2021.

How Large is 2 ELGAR CLOSE?

2 ELGAR CLOSE is 170m², which includes one extension, according to the EPC inspection conducted in August 2020. This puts it in the largest 10% of detached houses houses in Barnstaple, based on EPC data. The below chart shows the distribution of detached houses houses by size in Barnstaple, and where 2 ELGAR CLOSE lies on this distribution: 91% of detached houses houses are smaller than 2 ELGAR CLOSE, and 9% of houses are larger. Note that EPC data is not available for all properties in Barnstaple.

2 ELGAR CLOSE: Plot and Title Map

2 ELGAR CLOSE sits on a plot of roughly 0.077 of an acre, or 313m². The below map shows the location of 2 ELGAR 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 ELGAR 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 ELGAR CLOSE?

2 ELGAR CLOSE is located in BARNSTAPLE, in the EX32 postcode district. The below map shows the position of No. 2 on ELGAR CLOSE.