7, SPENCER DRIVE, TIVERTON, EX16 4PY - £242,500

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

7 SPENCER DRIVE is a small extended detached house of 90m², built sometime between 1983 and 1990. It was last sold for £242,500 in July 2016, which was around 22% below the average July 2016 detached price in the Mid Devon local authority area. The most recent EPC inspection was April 2011, where the current energy rating was D, and the potential energy rating was D.

7 SPENCER DRIVE Sold Prices

Land registry data shows two sales for 7 SPENCER DRIVE 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 SPENCER DRIVE 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
2016 4 JUL	£242,500	£309,527	22% below HPI
2000 15 DEC	£92,000	£134,546	32% below HPI

7 SPENCER DRIVE 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 SPENCER DRIVE sales from December 2000 and July 2016 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 December 2000 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the July 2016 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 7 SPENCER DRIVE?

7 SPENCER DRIVE is 90m², which includes one extension, according to the EPC inspection conducted in April 2011. This puts it in the smallest 30% of detached houses in Tiverton, based on EPC data. The below chart shows the distribution of detached houses by size in Tiverton, and where 7 SPENCER DRIVE lies on this distribution: 28% of detached houses are smaller than 7 SPENCER DRIVE, and 72% of houses are larger. Note that EPC data is not available for all properties in Tiverton.

7 SPENCER DRIVE: Plot and Title Map

7 SPENCER DRIVE sits on a plot of roughly 0.092 of an acre, or 371m². The below map shows the location of 7 SPENCER DRIVE, 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 SPENCER DRIVE). 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 SPENCER DRIVE?

7 SPENCER DRIVE is located in TIVERTON, in the EX16 postcode district. The below map shows the position of No. 7 on SPENCER DRIVE.