5, FARM PARK, CRANBROOK, EXETER, EX5 7AQ - £320,000

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

5 FARM PARK is a very small detached house of 76m². It was last sold for £320,000 in August 2023, which was around 38% below the average August 2023 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.

5 FARM PARK Sold Prices

Land registry data shows four sales for 5 FARM PARK since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Devon local authority area for the corresponding sale date. All of the four 5 FARM PARK 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
2023 2 AUG	£320,000	£519,601	38% below HPI
2017 31 MAY	£235,000	£390,554	40% below HPI
2017 17 MAR	£235,000	£393,035	40% below HPI
2014 23 DEC	£248,500	£363,134	32% below HPI

5 FARM PARK 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 four 5 FARM PARK sales between December 2014 and August 2023 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 2017 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the August 2023 sale, where it rises to 38% below the HPI. The line then continues to track at 38% below the HPI.

How Large is 5 FARM PARK?

5 FARM PARK 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 5 FARM PARK lies on this distribution: 2% of detached houses are smaller than 5 FARM PARK, and 95% of houses are larger. Note that EPC data is not available for all properties in Cranbrook.

5 FARM PARK: Plot and Title Map

5 FARM PARK sits on a plot of roughly 0.063 of an acre, or 253m². The below map shows the location of 5 FARM PARK, 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 5 FARM PARK). 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 5 FARM PARK?

5 FARM PARK is located in CRANBROOK, in the EX5 postcode district. The below map shows the position of No. 5 on FARM PARK.