7, GRANGE CLOSE, LYMPSTONE, EXMOUTH, EX8 5LD - £508,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

7 GRANGE CLOSE is a small extended detached house of 121m², built sometime between 1996 and 2002. It was last sold for £508,000 in September 2021, which was around 8% above the average September 2021 detached price in the East Devon local authority area. The most recent EPC inspection was June 2021, where the current energy rating was C, and the potential energy rating was B.

7 GRANGE CLOSE Sold Prices

Land registry data shows four sales for 7 GRANGE 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 East Devon local authority area for the corresponding sale date. two of the four 7 GRANGE CLOSE sales were for above the average price, and four 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
2021 22 SEP	£508,000	£468,526	8% above HPI
2004 20 SEP	£320,000	£301,270	6% above HPI
2002 13 DEC	£233,500	£247,320	6% below HPI
1999 12 NOV	£91,000	£134,501	32% below HPI

7 GRANGE CLOSE 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 four 7 GRANGE CLOSE sales between November 1999 and September 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 2004 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the September 2021 sale, where it rises to 8% above the HPI. The line then continues to track at 8% above the HPI.

What might 7 GRANGE CLOSE be worth now?

7 GRANGE CLOSE might now be worth an estimated £588,654.

This is based on house price inflation of 15.9%, between September 2021 and December 2024, 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 15.9% inflationary increase is applied to the most recent sale price for 7 GRANGE CLOSE of £508,000 on 22nd September 2021. For the value to have increased from £508,000 to £588,654 over the two years and nine months to December 2024, the following assumptions must hold true:

• The value of 7 GRANGE CLOSE has moved in line with the HPI for detached houses in the East Devon local authority area.
• The September 2021 sale price of £508,000 represented a fair market value for the property.
• The size, condition, and specification of 7 GRANGE CLOSE has not materially changed since September 2021.

How Large is 7 GRANGE CLOSE?

7 GRANGE CLOSE is 121m², which includes one extension, according to the EPC inspection conducted in June 2021. This puts it in the smallest 40% of detached houses houses in Lympstone, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lympstone, and where 7 GRANGE CLOSE lies on this distribution: 34% of detached houses houses are smaller than 7 GRANGE CLOSE, and 66% of houses are larger. Note that EPC data is not available for all properties in Lympstone.

7 GRANGE CLOSE: Plot and Title Map

7 GRANGE CLOSE sits on a plot of roughly 0.126 of an acre, or 508m². The below map shows the location of 7 GRANGE 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 GRANGE 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 GRANGE CLOSE?

7 GRANGE CLOSE is located in LYMPSTONE, in the EX8 postcode district. The below map shows the position of No. 7 on GRANGE CLOSE.