2, SUMMER MEADOW, CRANBROOK, EXETER, EX5 7DF - £275,000

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 SUMMER MEADOW is a very small detached house of 76m². It was last sold for £275,000 in August 2021, which was around 39% below the average August 2021 detached price in the East Devon local authority area. The most recent EPC inspection was January 2014, where the current energy rating was B, and the potential energy rating was A.

2 SUMMER MEADOW Sold Prices

Land registry data shows three sales for 2 SUMMER MEADOW since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Devon local authority area for the corresponding sale date. All of the three 2 SUMMER MEADOW 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
2021 23 AUG	£275,000	£448,309	39% below HPI
2019 22 FEB	£275,000	£436,011	37% below HPI
2014 26 SEP	£248,500	£358,843	31% below HPI

2 SUMMER MEADOW Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Devon local authority area over time, sourced from the HPI. The three 2 SUMMER MEADOW sales between September 2014 and August 2021 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 February 2019 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the August 2021 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

How Large is 2 SUMMER MEADOW?

2 SUMMER MEADOW is 76m² according to the EPC inspection conducted in January 2014. This puts it in the smallest 10% of detached houses in Cranbrook, based on EPC data. The below chart shows the distribution of detached houses by size in Cranbrook, and where 2 SUMMER MEADOW lies on this distribution: 2% of detached houses are smaller than 2 SUMMER MEADOW, and 95% of houses are larger. Note that EPC data is not available for all properties in Cranbrook.

2 SUMMER MEADOW: Plot and Title Map

2 SUMMER MEADOW sits on a plot of roughly 0.065 of an acre, or 264m². The below map shows the location of 2 SUMMER MEADOW, 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 SUMMER MEADOW). 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 SUMMER MEADOW?

2 SUMMER MEADOW is located in CRANBROOK, in the EX5 postcode district. The below map shows the position of No. 2 on SUMMER MEADOW.