7, JUBILEE CLOSE, TORRINGTON, EX38 7DR - £225,000

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 JUBILEE CLOSE is a small detached house of 83m², which could now be worth an estimated £278,048. It was last sold for £225,000 in February 2020, which was around 31% below the average February 2020 detached price in the Torridge local authority area. The most recent EPC inspection was May 2012, where the current energy rating was B, and the potential energy rating was B.

7 JUBILEE CLOSE Sold Prices

Land registry data shows two sales for 7 JUBILEE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Torridge local authority area for the corresponding sale date. Both of the two 7 JUBILEE 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 21 FEB	£225,000	£326,289	31% below HPI
2013 2 MAY	£177,500	£251,895	30% below HPI

7 JUBILEE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Torridge local authority area over time, sourced from the HPI. The two 7 JUBILEE CLOSE sales from May 2013 and February 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 May 2013 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the February 2020 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 7 JUBILEE CLOSE be worth now?

7 JUBILEE CLOSE might now be worth an estimated £278,048.

This is based on house price inflation of 23.6%, between February 2020 and February 2025, for detached houses, in the Torridge local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 23.6% inflationary increase is applied to the most recent sale price for 7 JUBILEE CLOSE of £225,000 on 21st February 2020. For the value to have increased from £225,000 to £278,048 over the five years to February 2025, the following assumptions must hold true:

• The value of 7 JUBILEE CLOSE has moved in line with the HPI for detached houses in the Torridge local authority area.
• The February 2020 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 7 JUBILEE CLOSE has not materially changed since February 2020.

How Large is 7 JUBILEE CLOSE?

7 JUBILEE CLOSE is 83m² according to the EPC inspection conducted in May 2012. This puts it in the smallest 30% of detached houses houses in Great Torrington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Great Torrington, and where 7 JUBILEE CLOSE lies on this distribution: 28% of detached houses houses are smaller than 7 JUBILEE CLOSE, and 71% of houses are larger. Note that EPC data is not available for all properties in Great Torrington.

7 JUBILEE CLOSE: Plot and Title Map

7 JUBILEE CLOSE sits on a plot of roughly 0.049 of an acre, or 200m². The below map shows the location of 7 JUBILEE 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 JUBILEE 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 JUBILEE CLOSE?

7 JUBILEE CLOSE is located in TORRINGTON, in the EX38 postcode district. The below map shows the position of No. 7 on JUBILEE CLOSE.