2, GRANITE CLOSE, SOUTH MOLTON, EX36 3FD - £350,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 GRANITE CLOSE is a large detached house of 120m². It was last sold for £350,000 in March 2023, which was around 19% below the average March 2023 detached price in the North Devon local authority area. The most recent EPC inspection was June 2020, where the current energy rating was B, and the potential energy rating was A.

2 GRANITE CLOSE Sold Prices

Land registry data shows two sales for 2 GRANITE 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. One of the two 2 GRANITE CLOSE sales was for below the average price, whilst the other was for above 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
2023 27 MAR	£350,000	£433,635	19% below HPI
2020 20 JUL	£346,995	£339,528	2% above HPI

2 GRANITE 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 GRANITE CLOSE sales from July 2020 and March 2023 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 July 2020 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the March 2023 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 2 GRANITE CLOSE?

2 GRANITE CLOSE is 120m² according to the EPC inspection conducted in June 2020. This puts it in the largest 30% of detached houses in South Molton, based on EPC data. The below chart shows the distribution of detached houses by size in South Molton, and where 2 GRANITE CLOSE lies on this distribution: 70% of detached houses are smaller than 2 GRANITE CLOSE, and 28% of houses are larger. Note that EPC data is not available for all properties in South Molton.

2 GRANITE CLOSE: Plot and Title Map

2 GRANITE CLOSE sits on a plot of roughly 0.098 of an acre, or 396m². The below map shows the location of 2 GRANITE 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 GRANITE 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 GRANITE CLOSE?

2 GRANITE CLOSE is located in SOUTH MOLTON, in the EX36 postcode district. The below map shows the position of No. 2 on GRANITE CLOSE.