9, LOWER RAY, CRANBROOK, EXETER, EX5 7GF - £430,000

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

9 LOWER RAY is a large detached house of 128m², which could now be worth an estimated £441,720. It was last sold for £430,000 in February 2023, which was around 19% below the average February 2023 detached price in the East Devon local authority area. The most recent EPC inspection was November 2018, where the current energy rating was B, and the potential energy rating was A.

9 LOWER RAY Sold Prices

Land registry data shows three sales for 9 LOWER RAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Devon local authority area for the corresponding sale date. All of the three 9 LOWER RAY 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
2023 20 FEB	£430,000	£528,508	19% below HPI
2022 22 APR	£417,500	£507,316	18% below HPI
2019 25 OCT	£352,000	£443,507	21% below HPI

9 LOWER RAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Devon local authority area over time, sourced from the HPI. The three 9 LOWER RAY sales between October 2019 and February 2023 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 2022 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the February 2023 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 9 LOWER RAY be worth now?

9 LOWER RAY might now be worth an estimated £441,720.

This is based on house price inflation of 2.7%, between February 2023 and December 2024, for detached houses, in the East Devon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.7% inflationary increase is applied to the most recent sale price for 9 LOWER RAY of £430,000 on 20th February 2023. For the value to have increased from £430,000 to £441,720 over the two months to December 2024, the following assumptions must hold true:

• The value of 9 LOWER RAY has moved in line with the HPI for detached houses in the East Devon local authority area.
• The February 2023 sale price of £430,000 represented a fair market value for the property.
• The size, condition, and specification of 9 LOWER RAY has not materially changed since February 2023.

How Large is 9 LOWER RAY?

9 LOWER RAY is 128m² according to the EPC inspection conducted in November 2018. This puts it in the largest 20% of detached houses houses in Cranbrook, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cranbrook, and where 9 LOWER RAY lies on this distribution: 80% of detached houses houses are smaller than 9 LOWER RAY, and 19% of houses are larger. Note that EPC data is not available for all properties in Cranbrook.

9 LOWER RAY: Plot and Title Map

9 LOWER RAY sits on a plot of roughly 0.092 of an acre, or 374m². The below map shows the location of 9 LOWER RAY, 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 9 LOWER RAY). 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 9 LOWER RAY?

9 LOWER RAY is located in CRANBROOK, in the EX5 postcode district. The below map shows the position of No. 9 on LOWER RAY.