8, DOWNES CLOSE, CREDITON, EX17 3FP - £525,000

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.

8 DOWNES CLOSE is a very large detached house of 164m², which could now be worth an estimated £508,462. It was last sold for £525,000 in May 2024, which was around 21% above the average May 2024 detached price in the Mid Devon local authority area. The most recent EPC inspection was March 2020, where the current energy rating was A, and the potential energy rating was A.

8 DOWNES CLOSE Sold Prices

Land registry data shows two sales for 8 DOWNES 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 Mid Devon local authority area for the corresponding sale date. Both of the two 8 DOWNES 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
2024 9 MAY	£525,000	£435,428	21% above HPI
2020 27 MAR	£414,950	£368,019	13% above HPI

8 DOWNES 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 two 8 DOWNES CLOSE sales from March 2020 and May 2024 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 2020 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the May 2024 sale, where it rises to 21% above the HPI. The line then continues to track at 21% above the HPI.

What might 8 DOWNES CLOSE be worth now?

8 DOWNES CLOSE might now be worth an estimated £508,462.

This is based on house price deflation of 3.2%, between May 2024 and February 2025, for detached houses, in the Mid Devon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 3.2% deflationary decrease is applied to the most recent sale price for 8 DOWNES CLOSE of £525,000 on 9th May 2024. For the value to have decreased from £525,000 to £508,462 over the one year and three months to February 2025, the following assumptions must hold true:

• The value of 8 DOWNES CLOSE has moved in line with the HPI for detached houses in the Mid Devon local authority area.
• The May 2024 sale price of £525,000 represented a fair market value for the property.
• The size, condition, and specification of 8 DOWNES CLOSE has not materially changed since May 2024.

How Large is 8 DOWNES CLOSE?

8 DOWNES CLOSE is 164m² according to the EPC inspection conducted in March 2020. This puts it in the largest 20% of detached houses houses in Crediton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Crediton, and where 8 DOWNES CLOSE lies on this distribution: 87% of detached houses houses are smaller than 8 DOWNES CLOSE, and 11% of houses are larger. Note that EPC data is not available for all properties in Crediton.

8 DOWNES CLOSE: Plot and Title Map

8 DOWNES CLOSE sits on a plot of roughly 0.140 of an acre, or 567m². The below map shows the location of 8 DOWNES 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 DOWNES 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 DOWNES CLOSE?

8 DOWNES CLOSE is located in CREDITON, in the EX17 postcode district. The below map shows the position of No. 8 on DOWNES CLOSE.