8, CHERRY CLOSE, WILLAND, CULLOMPTON, EX15 2SQ - £225,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

8 CHERRY CLOSE is a very small detached house of 65m², built sometime between 1983 and 1990. It was last sold for £225,000 in April 2016, which was around 26% below the average April 2016 detached price in the Mid Devon local authority area. The most recent EPC inspection was August 2013, where the current energy rating was D, and the potential energy rating was C.

8 CHERRY CLOSE Sold Prices

Land registry data shows four sales for 8 CHERRY CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Mid Devon local authority area for the corresponding sale date. All of the four 8 CHERRY 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
2016 26 APR	£225,000	£305,203	26% below HPI
2003 25 APR	£165,000	£216,446	24% below HPI
2001 18 APR	£105,250	£141,206	25% below HPI
1997 7 MAY	£64,000	£89,164	28% below HPI

8 CHERRY CLOSE 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 four 8 CHERRY CLOSE sales between May 1997 and April 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 April 2003 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the April 2016 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 8 CHERRY CLOSE?

8 CHERRY CLOSE is 65m² according to the EPC inspection conducted in August 2013. This puts it in the smallest 10% of detached houses in Willand, based on EPC data. The below chart shows the distribution of detached houses by size in Willand, and where 8 CHERRY CLOSE lies on this distribution: 6% of detached houses are smaller than 8 CHERRY CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Willand.

8 CHERRY CLOSE: Plot and Title Map

8 CHERRY CLOSE sits on a plot of roughly 0.110 of an acre, or 445m². The below map shows the location of 8 CHERRY 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 8 CHERRY 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 8 CHERRY CLOSE?

8 CHERRY CLOSE is located in WILLAND, in the EX15 postcode district. The below map shows the position of No. 8 on CHERRY CLOSE.