8, REDWOOD CLOSE, HEMYOCK, CULLOMPTON, EX15 3QQ - £325,000

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 REDWOOD CLOSE is a very small detached house of 78m², built sometime between 1983 and 1990. It was last sold for £325,000 in November 2021, which was around 21% below the average November 2021 detached price in the Mid Devon local authority area. The most recent EPC inspection was July 2015, where the current energy rating was F, and the potential energy rating was B.

8 REDWOOD CLOSE Sold Prices

Land registry data shows three sales for 8 REDWOOD CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Mid Devon local authority area for the corresponding sale date. All of the three 8 REDWOOD 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
2021 5 NOV	£325,000	£413,536	21% below HPI
2020 12 JUN	£280,000	£348,021	20% below HPI
2013 10 MAY	£169,000	£278,596	39% below HPI

8 REDWOOD 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 three 8 REDWOOD CLOSE sales between May 2013 and November 2021 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 June 2020 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the November 2021 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 8 REDWOOD CLOSE?

8 REDWOOD CLOSE is 78m² according to the EPC inspection conducted in July 2015. This puts it in the smallest 20% of detached houses in Hemyock, based on EPC data. The below chart shows the distribution of detached houses by size in Hemyock, and where 8 REDWOOD CLOSE lies on this distribution: 17% of detached houses are smaller than 8 REDWOOD CLOSE, and 82% of houses are larger. Note that EPC data is not available for all properties in Hemyock.

8 REDWOOD CLOSE: Plot and Title Map

8 REDWOOD CLOSE sits on a plot of roughly 0.101 of an acre, or 410m². The below map shows the location of 8 REDWOOD 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 REDWOOD 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 REDWOOD CLOSE?

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