7, LANCASTER CLOSE, CULLOMPTON, EX15 1XB - £245,000

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 LANCASTER CLOSE is a midsized detached house of 108m², built sometime between 1996 and 2002, which could now be worth an estimated £386,281. It was last sold for £245,000 in April 2006, which was around 8% below the average April 2006 detached price in the Mid Devon local authority area. The most recent EPC inspection was May 2012, where the current energy rating was D, and the potential energy rating was B.

7 LANCASTER CLOSE Sold Prices

Land registry data shows two sales for 7 LANCASTER 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 Mid Devon local authority area for the corresponding sale date. Both of the two 7 LANCASTER 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
2006 21 APR	£245,000	£267,472	8% below HPI
2002 15 MAR	£157,500	£158,998	1% below HPI

7 LANCASTER 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 two 7 LANCASTER CLOSE sales from March 2002 and April 2006 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 March 2002 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the April 2006 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 7 LANCASTER CLOSE be worth now?

7 LANCASTER CLOSE might now be worth an estimated £386,281.

This is based on house price inflation of 57.7%, between April 2006 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 57.7% inflationary increase is applied to the most recent sale price for 7 LANCASTER CLOSE of £245,000 on 21st April 2006. For the value to have increased from £245,000 to £386,281 over the nineteen years and two months to February 2025, the following assumptions must hold true:

• The value of 7 LANCASTER CLOSE has moved in line with the HPI for detached houses in the Mid Devon local authority area.
• The April 2006 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 7 LANCASTER CLOSE has not materially changed since April 2006.

How Large is 7 LANCASTER CLOSE?

7 LANCASTER CLOSE is 108m² according to the EPC inspection conducted in May 2012. This puts it in the largest 50% of detached houses houses in Cullompton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cullompton, and where 7 LANCASTER CLOSE lies on this distribution: 48% of detached houses houses are smaller than 7 LANCASTER CLOSE, and 49% of houses are larger. Note that EPC data is not available for all properties in Cullompton.

7 LANCASTER CLOSE: Plot and Title Map

7 LANCASTER CLOSE sits on a plot of roughly 0.168 of an acre, or 678m². The below map shows the location of 7 LANCASTER 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 LANCASTER 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 LANCASTER CLOSE?

7 LANCASTER CLOSE is located in CULLOMPTON, in the EX15 postcode district. The below map shows the position of No. 7 on LANCASTER CLOSE.