2, OBSERVER CLOSE, SOUTH MOLTON, EX36 3FE - £390,000

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 OBSERVER CLOSE is a small detached house of 84m². It was last sold for £390,000 in August 2023, which was around 14% below the average August 2023 detached price in the North Devon local authority area. The most recent EPC inspection was November 2018, where the current energy rating was B, and the potential energy rating was A.

2 OBSERVER CLOSE Sold Prices

Land registry data shows two sales for 2 OBSERVER 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 OBSERVER 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
2023 22 AUG	£390,000	£452,458	14% below HPI
2019 11 JAN	£309,950	£346,593	11% below HPI

2 OBSERVER 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 OBSERVER CLOSE sales from January 2019 and August 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 January 2019 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the August 2023 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 2 OBSERVER CLOSE?

2 OBSERVER CLOSE is 84m² according to the EPC inspection conducted in November 2018. This puts it in the smallest 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 OBSERVER CLOSE lies on this distribution: 23% of detached houses are smaller than 2 OBSERVER CLOSE, and 75% of houses are larger. Note that EPC data is not available for all properties in South Molton.

2 OBSERVER CLOSE: Plot and Title Map

2 OBSERVER CLOSE sits on a plot of roughly 0.109 of an acre, or 442m². The below map shows the location of 2 OBSERVER 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 OBSERVER 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 OBSERVER CLOSE?

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