2, PARK MEADOW CLOSE, LAPFORD, CREDITON, EX17 6QY - £246,000

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 PARK MEADOW CLOSE is a midsized detached house of 116m², built sometime between 1967 and 1975, which could now be worth an estimated £277,790. It was last sold for £246,000 in December 2020, which was around 34% below the average December 2020 detached price in the Mid Devon local authority area. The most recent EPC inspection was May 2015, where the current energy rating was F, and the potential energy rating was C.

2 PARK MEADOW CLOSE Sold Prices

Land registry data shows two sales for 2 PARK MEADOW 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 PARK MEADOW 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 4 DEC	£246,000	£373,452	34% below HPI
2015 24 SEP	£205,000	£318,379	36% below HPI

2 PARK MEADOW 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 PARK MEADOW CLOSE sales from September 2015 and December 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 September 2015 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the December 2020 sale, where it rises to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 2 PARK MEADOW CLOSE be worth now?

2 PARK MEADOW CLOSE might now be worth an estimated £277,790.

This is based on house price inflation of 12.9%, between December 2020 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 12.9% inflationary increase is applied to the most recent sale price for 2 PARK MEADOW CLOSE of £246,000 on 4th December 2020. For the value to have increased from £246,000 to £277,790 over the five years and ten months to February 2025, the following assumptions must hold true:

• The value of 2 PARK MEADOW CLOSE has moved in line with the HPI for detached houses in the Mid Devon local authority area.
• The December 2020 sale price of £246,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PARK MEADOW CLOSE has not materially changed since December 2020.

How Large is 2 PARK MEADOW CLOSE?

2 PARK MEADOW CLOSE is 116m² according to the EPC inspection conducted in May 2015. This puts it in the smallest 50% of detached houses houses in Lapford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lapford, and where 2 PARK MEADOW CLOSE lies on this distribution: 49% of detached houses houses are smaller than 2 PARK MEADOW CLOSE, and 51% of houses are larger. Note that EPC data is not available for all properties in Lapford.

2 PARK MEADOW CLOSE: Plot and Title Map

2 PARK MEADOW CLOSE sits on a plot of roughly 0.096 of an acre, or 390m². The below map shows the location of 2 PARK MEADOW 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 PARK MEADOW 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 PARK MEADOW CLOSE?

2 PARK MEADOW CLOSE is located in LAPFORD, in the EX17 postcode district. The below map shows the position of No. 2 on PARK MEADOW CLOSE.