7, BRAKE WOOD CLOSE, FREMINGTON, BARNSTAPLE, EX31 3DP - £196,000

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.

7 BRAKE WOOD CLOSE is a small detached house of 84m², built sometime between 1983 and 1990, which could now be worth an estimated £331,699. It was last sold for £196,000 in June 2011, which was around 25% below the average June 2011 detached price in the North Devon local authority area. The most recent EPC inspection was November 2009, where the current energy rating was C, and the potential energy rating was C.

7 BRAKE WOOD CLOSE Sold Prices

Land registry data shows three sales for 7 BRAKE WOOD 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 7 BRAKE WOOD 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
2011 22 JUN	£196,000	£263,031	25% below HPI
2007 28 SEP	£204,500	£301,563	32% below HPI
2001 27 JUN	£90,500	£144,145	37% below HPI

7 BRAKE WOOD 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 7 BRAKE WOOD CLOSE sales between June 2001 and June 2011 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 2007 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the June 2011 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 7 BRAKE WOOD CLOSE be worth now?

7 BRAKE WOOD CLOSE might now be worth an estimated £331,699.

This is based on house price inflation of 69.2%, between June 2011 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 69.2% inflationary increase is applied to the most recent sale price for 7 BRAKE WOOD CLOSE of £196,000 on 22nd June 2011. For the value to have increased from £196,000 to £331,699 over the fourteen years and four months to February 2025, the following assumptions must hold true:

• The value of 7 BRAKE WOOD CLOSE has moved in line with the HPI for detached houses in the North Devon local authority area.
• The June 2011 sale price of £196,000 represented a fair market value for the property.
• The size, condition, and specification of 7 BRAKE WOOD CLOSE has not materially changed since June 2011.

How Large is 7 BRAKE WOOD CLOSE?

7 BRAKE WOOD CLOSE is 84m² according to the EPC inspection conducted in November 2009. 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 7 BRAKE WOOD CLOSE lies on this distribution: 30% of detached houses houses are smaller than 7 BRAKE WOOD CLOSE, and 70% of houses are larger. Note that EPC data is not available for all properties in Fremington.

7 BRAKE WOOD CLOSE: Plot and Title Map

7 BRAKE WOOD CLOSE sits on a plot of roughly 0.055 of an acre, or 221m². The below map shows the location of 7 BRAKE WOOD 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 7 BRAKE WOOD 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 7 BRAKE WOOD CLOSE?

7 BRAKE WOOD CLOSE is located in FREMINGTON, in the EX31 postcode district. The below map shows the position of No. 7 on BRAKE WOOD CLOSE.