6, MEAD CLOSE, IVYBRIDGE, PL21 9RW - £395,000

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.

6 MEAD CLOSE is a very small detached house of 83m², built sometime between 1991 and 1995, which could now be worth an estimated £380,661. It was last sold for £395,000 in December 2022, which was around 35% below the average December 2022 detached price in the South Hams local authority area. The most recent EPC inspection was December 2013, where the current energy rating was D, and the potential energy rating was B.

6 MEAD CLOSE Sold Prices

Land registry data shows four sales for 6 MEAD CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the South Hams local authority area for the corresponding sale date. All of the four 6 MEAD 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
2022 9 DEC	£395,000	£605,724	35% below HPI
2021 24 MAY	£345,500	£502,929	31% below HPI
2018 1 MAR	£280,000	£443,203	37% below HPI
1997 3 JUL	£88,500	£112,140	21% below HPI

6 MEAD CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Hams local authority area over time, sourced from the HPI. The four 6 MEAD CLOSE sales between July 1997 and December 2022 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 2021 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the December 2022 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 6 MEAD CLOSE be worth now?

6 MEAD CLOSE might now be worth an estimated £380,661.

This is based on house price deflation of 3.6%, between December 2022 and February 2025, for detached houses, in the South Hams local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 3.6% deflationary decrease is applied to the most recent sale price for 6 MEAD CLOSE of £395,000 on 9th December 2022. For the value to have decreased from £395,000 to £380,661 over the three years and ten months to February 2025, the following assumptions must hold true:

• The value of 6 MEAD CLOSE has moved in line with the HPI for detached houses in the South Hams local authority area.
• The December 2022 sale price of £395,000 represented a fair market value for the property.
• The size, condition, and specification of 6 MEAD CLOSE has not materially changed since December 2022.

How Large is 6 MEAD CLOSE?

6 MEAD CLOSE is 83m² according to the EPC inspection conducted in December 2013. This puts it in the smallest 20% of detached houses houses in Ivybridge, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ivybridge, and where 6 MEAD CLOSE lies on this distribution: 13% of detached houses houses are smaller than 6 MEAD CLOSE, and 86% of houses are larger. Note that EPC data is not available for all properties in Ivybridge.

6 MEAD CLOSE: Plot and Title Map

6 MEAD CLOSE sits on a plot of roughly 0.090 of an acre, or 363m². The below map shows the location of 6 MEAD 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 6 MEAD 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 6 MEAD CLOSE?

6 MEAD CLOSE is located in IVYBRIDGE, in the PL21 postcode district. The below map shows the position of No. 6 on MEAD CLOSE.