7, WELLS CLOSE, EXMOUTH, EX8 5QL - £590,000

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 WELLS CLOSE is a very large extended detached house of 156m², built sometime between 1983 and 1990, which could now be worth an estimated £604,072. It was last sold for £590,000 in November 2023, which was around 11% above the average November 2023 detached price in the East Devon local authority area. The most recent EPC inspection was March 2018, where the current energy rating was C, and the potential energy rating was B.

7 WELLS CLOSE Sold Prices

Land registry data shows five sales for 7 WELLS CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the East Devon local authority area for the corresponding sale date. All of the five 7 WELLS CLOSE sales were for above 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
2023 23 NOV	£590,000	£530,266	11% above HPI
2019 25 MAR	£515,000	£448,867	15% above HPI
2007 20 APR	£348,000	£327,814	6% above HPI
2004 18 JUN	£330,000	£289,970	14% above HPI
1997 22 AUG	£128,000	£109,745	17% above HPI

7 WELLS 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 five 7 WELLS CLOSE sales between August 1997 and November 2023 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 March 2019 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the November 2023 sale, where it falls to 11% above the HPI. The line then continues to track at 11% above the HPI.

What might 7 WELLS CLOSE be worth now?

7 WELLS CLOSE might now be worth an estimated £604,072.

This is based on house price inflation of 2.4%, between November 2023 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 2.4% inflationary increase is applied to the most recent sale price for 7 WELLS CLOSE of £590,000 on 23rd November 2023. For the value to have increased from £590,000 to £604,072 over the eleven months to December 2024, the following assumptions must hold true:

• The value of 7 WELLS CLOSE has moved in line with the HPI for detached houses in the East Devon local authority area.
• The November 2023 sale price of £590,000 represented a fair market value for the property.
• The size, condition, and specification of 7 WELLS CLOSE has not materially changed since November 2023.

How Large is 7 WELLS CLOSE?

7 WELLS CLOSE is 156m², which includes one extension, according to the EPC inspection conducted in March 2018. This puts it in the largest 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 WELLS CLOSE lies on this distribution: 83% of detached houses houses are smaller than 7 WELLS CLOSE, and 17% of houses are larger. Note that EPC data is not available for all properties in Exmouth.

7 WELLS CLOSE: Plot and Title Map

7 WELLS CLOSE sits on a plot of roughly 0.184 of an acre, or 743m². The below map shows the location of 7 WELLS 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 WELLS 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 WELLS CLOSE?

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