4, OTTER CLOSE, OKEHAMPTON, EX20 1TT - £242,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

4 OTTER CLOSE is a small extended detached house of 96m², built sometime between 1996 and 2002, which could now be worth an estimated £317,426. It was last sold for £242,500 in May 2020, which was around 31% below the average May 2020 detached price in the West Devon local authority area. The most recent EPC inspection was November 2019, where the current energy rating was D, and the potential energy rating was B.

4 OTTER CLOSE Sold Prices

Land registry data shows two sales for 4 OTTER 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 West Devon local authority area for the corresponding sale date. Both of the two 4 OTTER 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
2020 15 MAY	£242,500	£350,362	31% below HPI
1999 26 NOV	£71,995	£119,652	40% below HPI

4 OTTER CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Devon local authority area over time, sourced from the HPI. The two 4 OTTER CLOSE sales from November 1999 and May 2020 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 November 1999 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the May 2020 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 4 OTTER CLOSE be worth now?

4 OTTER CLOSE might now be worth an estimated £317,426.

This is based on house price inflation of 30.9%, between May 2020 and February 2025, for detached houses, in the West Devon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 30.9% inflationary increase is applied to the most recent sale price for 4 OTTER CLOSE of £242,500 on 15th May 2020. For the value to have increased from £242,500 to £317,426 over the five years and three months to February 2025, the following assumptions must hold true:

• The value of 4 OTTER CLOSE has moved in line with the HPI for detached houses in the West Devon local authority area.
• The May 2020 sale price of £242,500 represented a fair market value for the property.
• The size, condition, and specification of 4 OTTER CLOSE has not materially changed since May 2020.

How Large is 4 OTTER CLOSE?

4 OTTER CLOSE is 96m², which includes one extension, according to the EPC inspection conducted in November 2019. This puts it in the smallest 40% of detached houses houses in Okehampton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Okehampton, and where 4 OTTER CLOSE lies on this distribution: 37% of detached houses houses are smaller than 4 OTTER CLOSE, and 62% of houses are larger. Note that EPC data is not available for all properties in Okehampton.

4 OTTER CLOSE: Plot and Title Map

4 OTTER CLOSE sits on a plot of roughly 0.073 of an acre, or 294m². The below map shows the location of 4 OTTER 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 4 OTTER 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 4 OTTER CLOSE?

4 OTTER CLOSE is located in OKEHAMPTON, in the EX20 postcode district. The below map shows the position of No. 4 on OTTER CLOSE.