5, SCHOOL CLOSE, FREMINGTON, BARNSTAPLE, EX31 3AY - £295,000

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 SCHOOL CLOSE is a small detached house of 84m², built sometime between 1950 and 1966, which could now be worth an estimated £334,112. It was last sold for £295,000 in October 2020, which was around 25% below the average October 2020 detached price in the North Devon local authority area. The most recent EPC inspection was March 2013, where the current energy rating was D, and the potential energy rating was B.

5 SCHOOL CLOSE Sold Prices

Land registry data shows three sales for 5 SCHOOL 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 North Devon local authority area for the corresponding sale date. All of the three 5 SCHOOL 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 9 OCT	£295,000	£393,030	25% below HPI
2013 5 JUN	£218,000	£264,478	18% below HPI
1999 19 MAY	£78,600	£104,265	25% below HPI

5 SCHOOL CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Devon local authority area over time, sourced from the HPI. The three 5 SCHOOL CLOSE sales between May 1999 and October 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 June 2013 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the October 2020 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 5 SCHOOL CLOSE be worth now?

5 SCHOOL CLOSE might now be worth an estimated £334,112.

This is based on house price inflation of 13.3%, between October 2020 and February 2025, for detached houses, in the North Devon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 13.3% inflationary increase is applied to the most recent sale price for 5 SCHOOL CLOSE of £295,000 on 9th October 2020. For the value to have increased from £295,000 to £334,112 over the five years and eight months to February 2025, the following assumptions must hold true:

• The value of 5 SCHOOL CLOSE has moved in line with the HPI for detached houses in the North Devon local authority area.
• The October 2020 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 5 SCHOOL CLOSE has not materially changed since October 2020.

How Large is 5 SCHOOL CLOSE?

5 SCHOOL CLOSE is 84m² according to the EPC inspection conducted in March 2013. This puts it in the smallest 40% of detached houses houses in Fremington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Fremington, and where 5 SCHOOL CLOSE lies on this distribution: 30% of detached houses houses are smaller than 5 SCHOOL CLOSE, and 69% of houses are larger. Note that EPC data is not available for all properties in Fremington.

5 SCHOOL CLOSE: Plot and Title Map

5 SCHOOL CLOSE sits on a plot of roughly 0.097 of an acre, or 393m². The below map shows the location of 5 SCHOOL 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 SCHOOL 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 SCHOOL CLOSE?

5 SCHOOL CLOSE is located in FREMINGTON, in the EX31 postcode district. The below map shows the position of No. 5 on SCHOOL CLOSE.