7, PLATT CLOSE, SALCOMBE, TQ8 8NZ - £550,000

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 PLATT CLOSE is a very small extended detached house of 80m², built sometime between 1967 and 1975, which could now be worth an estimated £625,792. It was last sold for £550,000 in March 2021, which was around 7% above the average March 2021 detached price in the South Hams local authority area. The most recent EPC inspection was December 2015, where the current energy rating was E, and the potential energy rating was B.

7 PLATT CLOSE Sold Prices

Land registry data shows two sales for 7 PLATT 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 South Hams local authority area for the corresponding sale date. One of the two 7 PLATT CLOSE sales was for above the average price, whilst the other was 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 2 MAR	£550,000	£513,037	7% above HPI
1997 24 OCT	£89,000	£120,639	26% below HPI

7 PLATT CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Hams local authority area over time, sourced from the HPI. The two 7 PLATT CLOSE sales from October 1997 and March 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 October 1997 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the March 2021 sale, where it rises to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might 7 PLATT CLOSE be worth now?

7 PLATT CLOSE might now be worth an estimated £625,792.

This is based on house price inflation of 13.8%, between March 2021 and February 2025, for detached houses, in the South Hams local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 13.8% inflationary increase is applied to the most recent sale price for 7 PLATT CLOSE of £550,000 on 2nd March 2021. For the value to have increased from £550,000 to £625,792 over the four years and one month to February 2025, the following assumptions must hold true:

• The value of 7 PLATT CLOSE has moved in line with the HPI for detached houses in the South Hams local authority area.
• The March 2021 sale price of £550,000 represented a fair market value for the property.
• The size, condition, and specification of 7 PLATT CLOSE has not materially changed since March 2021.

How Large is 7 PLATT CLOSE?

7 PLATT CLOSE is 80m², which includes one extension, according to the EPC inspection conducted in December 2015. This puts it in the smallest 10% of detached houses houses in Salcombe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Salcombe, and where 7 PLATT CLOSE lies on this distribution: 6% of detached houses houses are smaller than 7 PLATT CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Salcombe.

7 PLATT CLOSE: Plot and Title Map

7 PLATT CLOSE sits on a plot of roughly 0.116 of an acre, or 471m². The below map shows the location of 7 PLATT 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 PLATT 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 PLATT CLOSE?

7 PLATT CLOSE is located in SALCOMBE, in the TQ8 postcode district. The below map shows the position of No. 7 on PLATT CLOSE.