7, MARTINS CLOSE, TORRINGTON, EX38 7LG - £221,500

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 MARTINS CLOSE is a small extended detached house of 88m², built sometime between 1991 and 1995, which could now be worth an estimated £292,212. It was last sold for £221,500 in June 2017, which was around 25% below the average June 2017 detached price in the Torridge local authority area. The most recent EPC inspection was April 2016, where the current energy rating was C, and the potential energy rating was B.

7 MARTINS CLOSE Sold Prices

Land registry data shows six sales for 7 MARTINS CLOSE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Torridge local authority area for the corresponding sale date. All of the six 7 MARTINS 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
2017 27 JUN	£221,500	£297,156	25% below HPI
2008 26 FEB	£195,000	£285,945	32% below HPI
2002 30 SEP	£135,000	£177,603	24% below HPI
2000 13 MAR	£74,000	£105,412	30% below HPI
1999 23 SEP	£74,000	£95,456	22% below HPI
1997 17 OCT	£62,500	£82,256	24% below HPI

7 MARTINS 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 six 7 MARTINS CLOSE sales between October 1997 and June 2017 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 February 2008 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the June 2017 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 7 MARTINS CLOSE be worth now?

7 MARTINS CLOSE might now be worth an estimated £292,212.

This is based on house price inflation of 31.9%, between June 2017 and March 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 31.9% inflationary increase is applied to the most recent sale price for 7 MARTINS CLOSE of £221,500 on 27th June 2017. For the value to have increased from £221,500 to £292,212 over the eight years and three months to March 2025, the following assumptions must hold true:

• The value of 7 MARTINS CLOSE has moved in line with the HPI for detached houses in the Torridge local authority area.
• The June 2017 sale price of £221,500 represented a fair market value for the property.
• The size, condition, and specification of 7 MARTINS CLOSE has not materially changed since June 2017.

How Large is 7 MARTINS CLOSE?

7 MARTINS CLOSE is 88m², which includes one extension, according to the EPC inspection conducted in April 2016. This puts it in the smallest 40% 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 MARTINS CLOSE lies on this distribution: 36% of detached houses houses are smaller than 7 MARTINS CLOSE, and 62% of houses are larger. Note that EPC data is not available for all properties in Great Torrington.

7 MARTINS CLOSE: Plot and Title Map

7 MARTINS CLOSE sits on a plot of roughly 0.054 of an acre, or 219m². The below map shows the location of 7 MARTINS 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 MARTINS 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 MARTINS CLOSE?

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