2, LANCASTER CLOSE, CULLOMPTON, EX15 1XB - £275,000

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

2 LANCASTER CLOSE is a very small extended detached house of 83m², built sometime between 1996 and 2002. It was last sold for £275,000 in June 2024, which was around 36% below the average June 2024 detached price in the Mid Devon local authority area. The most recent EPC inspection was November 2023, where the current energy rating was C, and the potential energy rating was B.

2 LANCASTER CLOSE Sold Prices

Land registry data shows four sales for 2 LANCASTER CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Mid Devon local authority area for the corresponding sale date. All of the four 2 LANCASTER 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
2024 14 JUN	£275,000	£430,547	36% below HPI
2023 15 DEC	£275,000	£432,295	36% below HPI
2011 23 SEP	£183,000	£276,989	34% below HPI
1999 23 DEC	£82,950	£110,993	25% below HPI

2 LANCASTER 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 four 2 LANCASTER CLOSE sales between December 1999 and June 2024 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 2023 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the June 2024 sale, which was also at 36% below the HPI.

How Large is 2 LANCASTER CLOSE?

2 LANCASTER CLOSE is 83m², which includes one extension, according to the EPC inspection conducted in November 2023. This puts it in the smallest 20% of detached houses in Cullompton, based on EPC data. The below chart shows the distribution of detached houses by size in Cullompton, and where 2 LANCASTER CLOSE lies on this distribution: 19% of detached houses are smaller than 2 LANCASTER CLOSE, and 81% of houses are larger. Note that EPC data is not available for all properties in Cullompton.

2 LANCASTER CLOSE: Plot and Title Map

2 LANCASTER CLOSE sits on a plot of roughly 0.062 of an acre, or 251m². The below map shows the location of 2 LANCASTER 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 LANCASTER 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 LANCASTER CLOSE?

2 LANCASTER CLOSE is located in CULLOMPTON, in the EX15 postcode district. The below map shows the position of No. 2 on LANCASTER CLOSE.