7, CHARTER CLOSE, TIVERTON, EX16 5AW - £380,000

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 CHARTER CLOSE is a very small extended detached house of 76m², built sometime between 1967 and 1975, which could now be worth an estimated £362,435. It was last sold for £380,000 in July 2022, which was around 14% below the average July 2022 detached price in the Mid Devon local authority area. The most recent EPC inspection was July 2021, where the current energy rating was C, and the potential energy rating was B.

7 CHARTER CLOSE Sold Prices

Land registry data shows three sales for 7 CHARTER 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 Mid Devon local authority area for the corresponding sale date. All of the three 7 CHARTER 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 27 JUL	£380,000	£442,150	14% below HPI
2013 20 DEC	£187,500	£286,062	34% below HPI
2008 11 JAN	£200,000	£305,379	35% below HPI

7 CHARTER CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Mid Devon local authority area over time, sourced from the HPI. The three 7 CHARTER CLOSE sales between January 2008 and July 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 December 2013 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the July 2022 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 7 CHARTER CLOSE be worth now?

7 CHARTER CLOSE might now be worth an estimated £362,435.

This is based on house price deflation of 4.6%, between July 2022 and February 2025, for detached houses, in the Mid Devon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 4.6% deflationary decrease is applied to the most recent sale price for 7 CHARTER CLOSE of £380,000 on 27th July 2022. For the value to have decreased from £380,000 to £362,435 over the three years and five months to February 2025, the following assumptions must hold true:

• The value of 7 CHARTER CLOSE has moved in line with the HPI for detached houses in the Mid Devon local authority area.
• The July 2022 sale price of £380,000 represented a fair market value for the property.
• The size, condition, and specification of 7 CHARTER CLOSE has not materially changed since July 2022.

How Large is 7 CHARTER CLOSE?

7 CHARTER CLOSE is 76m², which includes two extensions, according to the EPC inspection conducted in July 2021. This puts it in the smallest 20% of detached houses houses in Tiverton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Tiverton, and where 7 CHARTER CLOSE lies on this distribution: 13% of detached houses houses are smaller than 7 CHARTER CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Tiverton.

7 CHARTER CLOSE: Plot and Title Map

7 CHARTER CLOSE sits on a plot of roughly 0.084 of an acre, or 338m². The below map shows the location of 7 CHARTER 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 CHARTER 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 CHARTER CLOSE?

7 CHARTER CLOSE is located in TIVERTON, in the EX16 postcode district. The below map shows the position of No. 7 on CHARTER CLOSE.