3, FRANKLEA CLOSE, OTTERY ST MARY, EX11 1BQ - £274,000

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.

3 FRANKLEA CLOSE is a large detached house of 132m², built sometime between 1976 and 1982, which could now be worth an estimated £413,163. It was last sold for £274,000 in March 2015, which was around 23% below the average March 2015 detached price in the East Devon local authority area. The most recent EPC inspection was July 2010, where the current energy rating was D, and the potential energy rating was C.

3 FRANKLEA CLOSE Sold Prices

Land registry data shows three sales for 3 FRANKLEA CLOSE 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 3 FRANKLEA 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
2015 5 MAR	£274,000	£354,729	23% below HPI
2011 19 MAY	£265,000	£337,143	21% below HPI
1998 17 APR	£91,500	£110,350	17% below HPI

3 FRANKLEA CLOSE 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 3 FRANKLEA CLOSE sales between April 1998 and March 2015 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 May 2011 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the March 2015 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 3 FRANKLEA CLOSE be worth now?

3 FRANKLEA CLOSE might now be worth an estimated £413,163.

This is based on house price inflation of 50.8%, between March 2015 and March 2025, for detached houses, in the East Devon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 50.8% inflationary increase is applied to the most recent sale price for 3 FRANKLEA CLOSE of £274,000 on 5th March 2015. For the value to have increased from £274,000 to £413,163 over the ten years to March 2025, the following assumptions must hold true:

• The value of 3 FRANKLEA CLOSE has moved in line with the HPI for detached houses in the East Devon local authority area.
• The March 2015 sale price of £274,000 represented a fair market value for the property.
• The size, condition, and specification of 3 FRANKLEA CLOSE has not materially changed since March 2015.

How Large is 3 FRANKLEA CLOSE?

3 FRANKLEA CLOSE is 132m² according to the EPC inspection conducted in July 2010. This puts it in the largest 30% of detached houses houses in Ottery St Mary, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ottery St Mary, and where 3 FRANKLEA CLOSE lies on this distribution: 74% of detached houses houses are smaller than 3 FRANKLEA CLOSE, and 26% of houses are larger. Note that EPC data is not available for all properties in Ottery St Mary.

3 FRANKLEA CLOSE: Plot and Title Map

3 FRANKLEA CLOSE sits on a plot of roughly 0.221 of an acre, or 894m². The below map shows the location of 3 FRANKLEA 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 3 FRANKLEA 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 3 FRANKLEA CLOSE?

3 FRANKLEA CLOSE is located in OTTERY ST. MARY, in the EX11 postcode district. The below map shows the position of No. 3 on FRANKLEA CLOSE.