3, SCHOOL CLOSE, FREMINGTON, BARNSTAPLE, EX31 3AY - £289,000

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

3 SCHOOL CLOSE is a large detached house of 114m², built sometime between 1967 and 1975. It was last sold for £289,000 in October 2018, which was around 16% below the average October 2018 detached price in the North Devon local authority area. The most recent EPC inspection was September 2017, where the current energy rating was D, and the potential energy rating was B.

3 SCHOOL CLOSE Sold Prices

Land registry data shows two sales for 3 SCHOOL 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 3 SCHOOL 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 15 OCT	£289,000	£345,718	16% below HPI
2018 31 JAN	£215,000	£317,169	32% below HPI

3 SCHOOL 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 3 SCHOOL CLOSE sales from January 2018 and October 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 January 2018 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the October 2018 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 3 SCHOOL CLOSE?

3 SCHOOL CLOSE is 114m² according to the EPC inspection conducted in September 2017. This puts it in the largest 40% of detached houses in Fremington, based on EPC data. The below chart shows the distribution of detached houses by size in Fremington, and where 3 SCHOOL CLOSE lies on this distribution: 62% of detached houses are smaller than 3 SCHOOL CLOSE, and 36% of houses are larger. Note that EPC data is not available for all properties in Fremington.

3 SCHOOL CLOSE: Plot and Title Map

3 SCHOOL CLOSE sits on a plot of roughly 0.061 of an acre, or 247m². The below map shows the location of 3 SCHOOL 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 SCHOOL 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 SCHOOL CLOSE?

3 SCHOOL CLOSE is located in FREMINGTON, in the EX31 postcode district. The below map shows the position of No. 3 on SCHOOL CLOSE.