8, NEWCOMBE CLOSE, OKEHAMPTON, EX20 1UG - £265,000

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

8 NEWCOMBE CLOSE is a very small detached house of 58m², built sometime between 1996 and 2002, which could now be worth an estimated £297,810. It was last sold for £265,000 in April 2022, which was around 35% below the average April 2022 detached price in the West Devon local authority area. The most recent EPC inspection was September 2021, where the current energy rating was C, and the potential energy rating was B.

8 NEWCOMBE CLOSE Sold Prices

Land registry data shows two sales for 8 NEWCOMBE 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 West Devon local authority area for the corresponding sale date. Both of the two 8 NEWCOMBE 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 12 APR	£265,000	£408,088	35% below HPI
1999 29 OCT	£79,950	£117,503	32% below HPI

8 NEWCOMBE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Devon local authority area over time, sourced from the HPI. The two 8 NEWCOMBE CLOSE sales from October 1999 and April 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 October 1999 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the April 2022 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 8 NEWCOMBE CLOSE be worth now?

8 NEWCOMBE CLOSE might now be worth an estimated £297,810.

This is based on house price inflation of 12.4%, between April 2022 and February 2025, for detached houses, in the West Devon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 12.4% inflationary increase is applied to the most recent sale price for 8 NEWCOMBE CLOSE of £265,000 on 12th April 2022. For the value to have increased from £265,000 to £297,810 over the three years and two months to February 2025, the following assumptions must hold true:

• The value of 8 NEWCOMBE CLOSE has moved in line with the HPI for detached houses in the West Devon local authority area.
• The April 2022 sale price of £265,000 represented a fair market value for the property.
• The size, condition, and specification of 8 NEWCOMBE CLOSE has not materially changed since April 2022.

How Large is 8 NEWCOMBE CLOSE?

8 NEWCOMBE CLOSE is 58m² according to the EPC inspection conducted in September 2021. This puts it in the smallest 10% of detached houses houses in Okehampton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Okehampton, and where 8 NEWCOMBE CLOSE lies on this distribution: 1% of detached houses houses are smaller than 8 NEWCOMBE CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Okehampton.

8 NEWCOMBE CLOSE: Plot and Title Map

8 NEWCOMBE CLOSE sits on a plot of roughly 0.080 of an acre, or 323m². The below map shows the location of 8 NEWCOMBE 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 NEWCOMBE 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 NEWCOMBE CLOSE?

8 NEWCOMBE CLOSE is located in OKEHAMPTON, in the EX20 postcode district. The below map shows the position of No. 8 on NEWCOMBE CLOSE.