5, FREELANDS CLOSE, EXMOUTH, EX8 4AE - £86,000

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

5 FREELANDS CLOSE is a small extended detached house of 85m², built sometime between 1950 and 1966. It was last sold for £86,000 in July 1997, which was around 20% below the average July 1997 detached price in the East Devon local authority area. The most recent EPC inspection was May 2024, where the current energy rating was D, and the potential energy rating was C.

5 FREELANDS CLOSE Sold Prices

Land registry data shows two sales for 5 FREELANDS 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 East Devon local authority area for the corresponding sale date. Both of the two 5 FREELANDS 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
1997 31 JUL	£86,000	£108,035	20% below HPI
1996 29 OCT	£86,000	£99,601	14% below HPI

5 FREELANDS 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 two 5 FREELANDS CLOSE sales from October 1996 and July 1997 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 October 1996 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the July 1997 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 5 FREELANDS CLOSE be worth now?

5 FREELANDS CLOSE might now be worth an estimated £432,180.

This is based on house price inflation of 402.5%, between July 1997 and December 2024, 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 402.5% inflationary increase is applied to the most recent sale price for 5 FREELANDS CLOSE of £86,000 on 31st July 1997. For the value to have increased from £86,000 to £432,180 over the 26 years and seven months to December 2024, the following assumptions must hold true:

• The value of 5 FREELANDS CLOSE has moved in line with the HPI for detached houses in the East Devon local authority area.
• The July 1997 sale price of £86,000 represented a fair market value for the property.
• The size, condition, and specification of 5 FREELANDS CLOSE has not materially changed since July 1997.

How Large is 5 FREELANDS CLOSE?

5 FREELANDS CLOSE is 85m², which includes one extension, according to the EPC inspection conducted in May 2024. This puts it in the smallest 30% of detached houses houses in Exmouth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Exmouth, and where 5 FREELANDS CLOSE lies on this distribution: 27% of detached houses houses are smaller than 5 FREELANDS CLOSE, and 73% of houses are larger. Note that EPC data is not available for all properties in Exmouth.

5 FREELANDS CLOSE: Plot and Title Map

5 FREELANDS CLOSE sits on a plot of roughly 0.123 of an acre, or 496m². The below map shows the location of 5 FREELANDS 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 5 FREELANDS 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 5 FREELANDS CLOSE?

5 FREELANDS CLOSE is located in EXMOUTH, in the EX8 postcode district. The below map shows the position of No. 5 on FREELANDS CLOSE.