7, PORT MER CLOSE, EXMOUTH, EX8 5RF - £280,000

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 PORT MER CLOSE is a very small detached house of 76m², built sometime between 1996 and 2002, which could now be worth an estimated £366,932. It was last sold for £280,000 in August 2017, which was around 32% below the average August 2017 detached price in the East Devon local authority area. The most recent EPC inspection was February 2015, where the current energy rating was D, and the potential energy rating was B.

7 PORT MER CLOSE Sold Prices

Land registry data shows two sales for 7 PORT MER 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 PORT MER 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 30 AUG	£280,000	£414,288	32% below HPI
1998 28 AUG	£85,000	£121,143	30% below HPI

7 PORT MER 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 PORT MER CLOSE sales from August 1998 and August 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 August 1998 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the August 2017 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

What might 7 PORT MER CLOSE be worth now?

7 PORT MER CLOSE might now be worth an estimated £366,932.

This is based on house price inflation of 31%, between August 2017 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 31% inflationary increase is applied to the most recent sale price for 7 PORT MER CLOSE of £280,000 on 30th August 2017. For the value to have increased from £280,000 to £366,932 over the six years and eight months to December 2024, the following assumptions must hold true:

• The value of 7 PORT MER CLOSE has moved in line with the HPI for detached houses in the East Devon local authority area.
• The August 2017 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of 7 PORT MER CLOSE has not materially changed since August 2017.

How Large is 7 PORT MER CLOSE?

7 PORT MER CLOSE is 76m² according to the EPC inspection conducted in February 2015. 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 PORT MER CLOSE lies on this distribution: 18% of detached houses houses are smaller than 7 PORT MER CLOSE, and 81% of houses are larger. Note that EPC data is not available for all properties in Exmouth.

7 PORT MER CLOSE: Plot and Title Map

7 PORT MER CLOSE sits on a plot of roughly 0.055 of an acre, or 222m². The below map shows the location of 7 PORT MER 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 PORT MER 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 PORT MER CLOSE?

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