7, OAKTREE CLOSE, EXMOUTH, EX8 4QL - £245,000

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 OAKTREE CLOSE is a very small detached house of 69m², built sometime between 1950 and 1966. It was last sold for £245,000 in January 2020, which was around 43% below the average January 2020 detached price in the East Devon local authority area. The most recent EPC inspection was October 2019, where the current energy rating was E, and the potential energy rating was B.

7 OAKTREE CLOSE Sold Prices

Land registry data shows two sales for 7 OAKTREE 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 East Devon local authority area for the corresponding sale date. Both of the two 7 OAKTREE 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 31 JAN	£245,000	£430,788	43% below HPI
2005 10 AUG	£174,950	£298,992	41% below HPI

7 OAKTREE 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 two 7 OAKTREE CLOSE sales from August 2005 and January 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 August 2005 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the January 2020 sale, where it falls to 43% below the HPI. The line then continues to track at 43% below the HPI.

What might 7 OAKTREE CLOSE be worth now?

7 OAKTREE CLOSE might now be worth an estimated £308,768.

This is based on house price inflation of 26%, between January 2020 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 26% inflationary increase is applied to the most recent sale price for 7 OAKTREE CLOSE of £245,000 on 31st January 2020. For the value to have increased from £245,000 to £308,768 over the three years and one month to December 2024, the following assumptions must hold true:

• The value of 7 OAKTREE CLOSE has moved in line with the HPI for detached houses in the East Devon local authority area.
• The January 2020 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 7 OAKTREE CLOSE has not materially changed since January 2020.

How Large is 7 OAKTREE CLOSE?

7 OAKTREE CLOSE is 69m² according to the EPC inspection conducted in October 2019. This puts it in the smallest 20% of detached houses houses in Exmouth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Exmouth, and where 7 OAKTREE CLOSE lies on this distribution: 11% of detached houses houses are smaller than 7 OAKTREE CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Exmouth.

7 OAKTREE CLOSE: Plot and Title Map

7 OAKTREE CLOSE sits on a plot of roughly 0.087 of an acre, or 351m². The below map shows the location of 7 OAKTREE 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 OAKTREE 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 OAKTREE CLOSE?

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