2, MONKS CLOSE, CREDITON, EX17 2EL - £445,000

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 MONKS CLOSE is a midsized detached house of 109m², built sometime between 2003 and 2006, which could now be worth an estimated £415,783. It was last sold for £445,000 in September 2024, which was around 1% below the average September 2024 detached price in the Mid Devon local authority area. The most recent EPC inspection was July 2024, where the current energy rating was B, and the potential energy rating was A.

2 MONKS CLOSE Sold Prices

Land registry data shows two sales for 2 MONKS 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 Mid Devon local authority area for the corresponding sale date. Both of the two 2 MONKS 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 20 SEP	£445,000	£451,346	1% below HPI
2003 29 MAY	£220,500	£221,671	1% below HPI

2 MONKS 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 two 2 MONKS CLOSE sales from May 2003 and September 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 May 2003 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the September 2024 sale, which was also at 1% below the HPI.

What might 2 MONKS CLOSE be worth now?

2 MONKS CLOSE might now be worth an estimated £415,783.

This is based on house price deflation of 6.6%, between September 2024 and February 2025, for detached houses, in the Mid Devon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 6.6% deflationary decrease is applied to the most recent sale price for 2 MONKS CLOSE of £445,000 on 20th September 2024. For the value to have decreased from £445,000 to £415,783 over the one year and seven months to February 2025, the following assumptions must hold true:

• The value of 2 MONKS CLOSE has moved in line with the HPI for detached houses in the Mid Devon local authority area.
• The September 2024 sale price of £445,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MONKS CLOSE has not materially changed since September 2024.

How Large is 2 MONKS CLOSE?

2 MONKS CLOSE is 109m² according to the EPC inspection conducted in July 2024. This puts it in the smallest 50% of detached houses houses in Crediton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Crediton, and where 2 MONKS CLOSE lies on this distribution: 45% of detached houses houses are smaller than 2 MONKS CLOSE, and 53% of houses are larger. Note that EPC data is not available for all properties in Crediton.

2 MONKS CLOSE: Plot and Title Map

2 MONKS CLOSE sits on a plot of roughly 0.112 of an acre, or 454m². The below map shows the location of 2 MONKS 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 MONKS 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 MONKS CLOSE?

2 MONKS CLOSE is located in CREDITON, in the EX17 postcode district. The below map shows the position of No. 2 on MONKS CLOSE.