8, SPENCER DRIVE, TIVERTON, EX16 4PY - £215,000

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 SPENCER DRIVE is a small detached house of 94m², built sometime between 1976 and 1982, which could now be worth an estimated £274,013. It was last sold for £215,000 in February 2017, which was around 35% below the average February 2017 detached price in the Mid Devon local authority area. The most recent EPC inspection was June 2016, where the current energy rating was D, and the potential energy rating was B.

8 SPENCER DRIVE Sold Prices

Land registry data shows two sales for 8 SPENCER DRIVE 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 SPENCER DRIVE 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
2017 7 FEB	£215,000	£330,890	35% below HPI
2000 28 APR	£95,000	£121,461	22% below HPI

8 SPENCER DRIVE 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 SPENCER DRIVE sales from April 2000 and February 2017 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 2000 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the February 2017 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 8 SPENCER DRIVE be worth now?

8 SPENCER DRIVE might now be worth an estimated £274,013.

This is based on house price inflation of 27.4%, between February 2017 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 27.4% inflationary increase is applied to the most recent sale price for 8 SPENCER DRIVE of £215,000 on 7th February 2017. For the value to have increased from £215,000 to £274,013 over the eight years to February 2025, the following assumptions must hold true:

• The value of 8 SPENCER DRIVE has moved in line with the HPI for detached houses in the Mid Devon local authority area.
• The February 2017 sale price of £215,000 represented a fair market value for the property.
• The size, condition, and specification of 8 SPENCER DRIVE has not materially changed since February 2017.

How Large is 8 SPENCER DRIVE?

8 SPENCER DRIVE is 94m² according to the EPC inspection conducted in June 2016. This puts it in the smallest 40% of detached houses houses in Tiverton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Tiverton, and where 8 SPENCER DRIVE lies on this distribution: 32% of detached houses houses are smaller than 8 SPENCER DRIVE, and 67% of houses are larger. Note that EPC data is not available for all properties in Tiverton.

8 SPENCER DRIVE: Plot and Title Map

8 SPENCER DRIVE sits on a plot of roughly 0.061 of an acre, or 247m². The below map shows the location of 8 SPENCER DRIVE, 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 SPENCER DRIVE). 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 SPENCER DRIVE?

8 SPENCER DRIVE is located in TIVERTON, in the EX16 postcode district. The below map shows the position of No. 8 on SPENCER DRIVE.