5, RANCE DRIVE, EXMOUTH, EX8 5RP - £490,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

5 RANCE DRIVE is a large extended detached house of 132m², built sometime between 1996 and 2002, which could now be worth an estimated £573,254. It was last sold for £490,000 in August 2021, which was around 6% above the average August 2021 detached price in the East Devon local authority area. The most recent EPC inspection was May 2021, where the current energy rating was C, and the potential energy rating was B.

5 RANCE DRIVE Sold Prices

Land registry data shows two sales for 5 RANCE DRIVE 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. One of the two 5 RANCE DRIVE sales was for above the average price, whilst the other was 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
2021 24 AUG	£490,000	£461,511	6% above HPI
2002 27 SEP	£214,950	£231,672	7% below HPI

5 RANCE DRIVE 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 RANCE DRIVE sales from September 2002 and August 2021 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 September 2002 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the August 2021 sale, where it rises to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might 5 RANCE DRIVE be worth now?

5 RANCE DRIVE might now be worth an estimated £573,254.

This is based on house price inflation of 17%, between August 2021 and February 2025, 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 17% inflationary increase is applied to the most recent sale price for 5 RANCE DRIVE of £490,000 on 24th August 2021. For the value to have increased from £490,000 to £573,254 over the four years and six months to February 2025, the following assumptions must hold true:

• The value of 5 RANCE DRIVE has moved in line with the HPI for detached houses in the East Devon local authority area.
• The August 2021 sale price of £490,000 represented a fair market value for the property.
• The size, condition, and specification of 5 RANCE DRIVE has not materially changed since August 2021.

How Large is 5 RANCE DRIVE?

5 RANCE DRIVE is 132m², which includes one extension, according to the EPC inspection conducted in May 2021. This puts it in the largest 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 RANCE DRIVE lies on this distribution: 70% of detached houses houses are smaller than 5 RANCE DRIVE, and 29% of houses are larger. Note that EPC data is not available for all properties in Exmouth.

5 RANCE DRIVE: Plot and Title Map

5 RANCE DRIVE sits on a plot of roughly 0.100 of an acre, or 403m². The below map shows the location of 5 RANCE DRIVE, 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 RANCE DRIVE). 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 RANCE DRIVE?

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