40, OKE TOR CLOSE, OKEHAMPTON, EX20 1QD - £167,500

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

40 OKE TOR CLOSE is a very small detached house of 69m², built sometime between 1983 and 1990, which could now be worth an estimated £242,183. It was last sold for £167,500 in April 2016, which was around 47% below the average April 2016 detached price in the West Devon local authority area. The most recent EPC inspection was October 2023, where the current energy rating was C, and the potential energy rating was B.

40 OKE TOR CLOSE Sold Prices

Land registry data shows three sales for 40 OKE TOR 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 West Devon local authority area for the corresponding sale date. All of the three 40 OKE TOR 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
2016 27 APR	£167,500	£318,161	47% below HPI
2008 28 MAR	£163,500	£306,319	47% below HPI
2000 21 JUN	£72,950	£132,834	45% below HPI

40 OKE TOR 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 three 40 OKE TOR CLOSE sales between June 2000 and April 2016 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 March 2008 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the April 2016 sale, which was also at 47% below the HPI.

What might 40 OKE TOR CLOSE be worth now?

40 OKE TOR CLOSE might now be worth an estimated £242,183.

This is based on house price inflation of 44.6%, between April 2016 and December 2024, 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 44.6% inflationary increase is applied to the most recent sale price for 40 OKE TOR CLOSE of £167,500 on 27th April 2016. For the value to have increased from £167,500 to £242,183 over the seven years and four months to December 2024, the following assumptions must hold true:

• The value of 40 OKE TOR CLOSE has moved in line with the HPI for detached houses in the West Devon local authority area.
• The April 2016 sale price of £167,500 represented a fair market value for the property.
• The size, condition, and specification of 40 OKE TOR CLOSE has not materially changed since April 2016.

How Large is 40 OKE TOR CLOSE?

40 OKE TOR CLOSE is 69m² according to the EPC inspection conducted in October 2023. This puts it in the smallest 10% 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 40 OKE TOR CLOSE lies on this distribution: 4% of detached houses houses are smaller than 40 OKE TOR CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in Okehampton.

40 OKE TOR CLOSE: Plot and Title Map

40 OKE TOR CLOSE sits on a plot of roughly 0.044 of an acre, or 179m². The below map shows the location of 40 OKE TOR 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 40 OKE TOR 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 40 OKE TOR CLOSE?

40 OKE TOR CLOSE is located in OKEHAMPTON, in the EX20 postcode district. The below map shows the position of No. 40 on OKE TOR CLOSE.