2, MILBURY CLOSE, EXMINSTER, EXETER, EX6 8AF - £325,000

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 MILBURY CLOSE is a very small detached house of 73m², built sometime between 1950 and 1966, which could now be worth an estimated £390,558. It was last sold for £325,000 in September 2020, which was around 18% below the average September 2020 detached price in the Teignbridge local authority area. The most recent EPC inspection was August 2019, where the current energy rating was E, and the potential energy rating was C.

2 MILBURY CLOSE Sold Prices

Land registry data shows two sales for 2 MILBURY 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 Teignbridge local authority area for the corresponding sale date. Both of the two 2 MILBURY 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
2020 24 SEP	£325,000	£394,414	18% below HPI
2019 15 NOV	£320,000	£376,370	15% below HPI

2 MILBURY 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 two 2 MILBURY CLOSE sales from November 2019 and September 2020 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 2019 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the September 2020 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 2 MILBURY CLOSE be worth now?

2 MILBURY CLOSE might now be worth an estimated £390,558.

This is based on house price inflation of 20.2%, between September 2020 and March 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 20.2% inflationary increase is applied to the most recent sale price for 2 MILBURY CLOSE of £325,000 on 24th September 2020. For the value to have increased from £325,000 to £390,558 over the five years and six months to March 2025, the following assumptions must hold true:

• The value of 2 MILBURY CLOSE has moved in line with the HPI for detached houses in the Teignbridge local authority area.
• The September 2020 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MILBURY CLOSE has not materially changed since September 2020.

How Large is 2 MILBURY CLOSE?

2 MILBURY CLOSE is 73m² according to the EPC inspection conducted in August 2019. This puts it in the smallest 10% of detached houses houses in Exminster, based on EPC data. The below chart shows the distribution of detached houses houses by size in Exminster, and where 2 MILBURY CLOSE lies on this distribution: 5% of detached houses houses are smaller than 2 MILBURY CLOSE, and 94% of houses are larger. Note that EPC data is not available for all properties in Exminster.

2 MILBURY CLOSE: Plot and Title Map

2 MILBURY CLOSE sits on a plot of roughly 0.122 of an acre, or 492m². The below map shows the location of 2 MILBURY 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 MILBURY 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 MILBURY CLOSE?

2 MILBURY CLOSE is located in EXMINSTER, in the EX6 postcode district. The below map shows the position of No. 2 on MILBURY CLOSE.