8, ELM CLOSE, STIBB CROSS, TORRINGTON, EX38 8HY - £417,500

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

8 ELM CLOSE is a very large extended detached house of 150m², built sometime between 1996 and 2002. It was last sold for £417,500 in September 2022, which was around 7% below the average September 2022 detached price in the Torridge local authority area. The most recent EPC inspection was August 2013, where the current energy rating was D, and the potential energy rating was D.

8 ELM CLOSE Sold Prices

Land registry data shows five sales for 8 ELM 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 Torridge local authority area for the corresponding sale date. All of the five 8 ELM 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
2022 16 SEP	£417,500	£449,027	7% below HPI
2012 19 DEC	£250,000	£263,400	5% below HPI
2007 7 JUN	£255,000	£265,982	4% below HPI
2006 19 DEC	£245,000	£280,133	13% below HPI
2002 30 MAY	£140,000	£150,429	7% below HPI

8 ELM CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Torridge local authority area over time, sourced from the HPI. The five 8 ELM CLOSE sales between May 2002 and September 2022 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 2012 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the September 2022 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is 8 ELM CLOSE?

8 ELM CLOSE is 150m², which includes one extension, according to the EPC inspection conducted in August 2013. This puts it in the largest 20% of detached houses in Stibb Cross, based on EPC data. The below chart shows the distribution of detached houses by size in Stibb Cross, and where 8 ELM CLOSE lies on this distribution: 81% of detached houses are smaller than 8 ELM CLOSE, and 16% of houses are larger. Note that EPC data is not available for all properties in Stibb Cross.

8 ELM CLOSE: Plot and Title Map

8 ELM CLOSE sits on a plot of roughly 0.122 of an acre, or 496m². The below map shows the location of 8 ELM 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 ELM 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 ELM CLOSE?

8 ELM CLOSE is located in STIBB CROSS, in the EX38 postcode district. The below map shows the position of No. 8 on ELM CLOSE.