2, RALEIGH CLOSE, SOUTH MOLTON, EX36 4DS - £235,000

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 RALEIGH CLOSE is a very large detached house of 125m², built sometime between 1967 and 1975. It was last sold for £235,000 in November 2014, which was around 22% below the average November 2014 detached price in the North Devon local authority area. The most recent EPC inspection was May 2014, where the current energy rating was D, and the potential energy rating was C.

2 RALEIGH CLOSE Sold Prices

Land registry data shows two sales for 2 RALEIGH 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 RALEIGH 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
2014 28 NOV	£235,000	£303,198	22% below HPI
2002 20 DEC	£192,000	£195,499	2% below HPI

2 RALEIGH 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 RALEIGH CLOSE sales from December 2002 and November 2014 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 December 2002 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the November 2014 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 2 RALEIGH CLOSE?

2 RALEIGH CLOSE is 125m² according to the EPC inspection conducted in May 2014. This puts it in the largest 20% 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 RALEIGH CLOSE lies on this distribution: 83% of detached houses are smaller than 2 RALEIGH CLOSE, and 15% of houses are larger. Note that EPC data is not available for all properties in South Molton.

2 RALEIGH CLOSE: Plot and Title Map

2 RALEIGH CLOSE sits on a plot of roughly 0.105 of an acre, or 424m². The below map shows the location of 2 RALEIGH 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 RALEIGH 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 RALEIGH CLOSE?

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