2, PENNY CLOSE, EXMINSTER, EXETER, EX6 8SU - £340,000

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 PENNY CLOSE is a small extended detached house of 108m², built sometime between 1983 and 1990, which could now be worth an estimated £427,196. It was last sold for £340,000 in December 2018, which was around 9% below the average December 2018 detached price in the Teignbridge local authority area. The most recent EPC inspection was August 2018, where the current energy rating was C, and the potential energy rating was B.

2 PENNY CLOSE Sold Prices

Land registry data shows two sales for 2 PENNY 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 PENNY 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
2018 12 DEC	£340,000	£372,048	9% below HPI
2013 12 APR	£250,000	£292,232	14% below HPI

2 PENNY 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 PENNY CLOSE sales from April 2013 and December 2018 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 April 2013 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the December 2018 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 2 PENNY CLOSE be worth now?

2 PENNY CLOSE might now be worth an estimated £427,196.

This is based on house price inflation of 25.6%, between December 2018 and February 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 25.6% inflationary increase is applied to the most recent sale price for 2 PENNY CLOSE of £340,000 on 12th December 2018. For the value to have increased from £340,000 to £427,196 over the seven years and ten months to February 2025, the following assumptions must hold true:

• The value of 2 PENNY CLOSE has moved in line with the HPI for detached houses in the Teignbridge local authority area.
• The December 2018 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PENNY CLOSE has not materially changed since December 2018.

How Large is 2 PENNY CLOSE?

2 PENNY CLOSE is 108m², which includes two extensions, according to the EPC inspection conducted in August 2018. This puts it in the smallest 40% 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 PENNY CLOSE lies on this distribution: 40% of detached houses houses are smaller than 2 PENNY CLOSE, and 59% of houses are larger. Note that EPC data is not available for all properties in Exminster.

2 PENNY CLOSE: Plot and Title Map

2 PENNY CLOSE sits on a plot of roughly 0.067 of an acre, or 273m². The below map shows the location of 2 PENNY 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 PENNY 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 PENNY CLOSE?

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