2 Staple Gate, Uplowman, Tiverton, Mid Devon, Devon, EX16 7LX

Semi-detached
3
1094 sq ft
82%
PROPERTY VALUATION
£
Price change: +£326,000
Since last sold: August 2011
VALUATION RANGE
£701k - £751k
LOW OFFER | HIGH OFFER
Confidence: Medium
Good
Condition
Reasonable
Condition
Poor
Condition

At a sale price of £726k, we expect this property to be in very good condition.

UPDATE CONDITION

Property summary Last updated: 05/03/2024

Last updated: 05/03/2024

2 Staple Gate, Uplowman is a 3 bedroom semi-detached house spread over 1,094 square feet, making it one of the smaller properties here - it is ranked as the 2nd most expensive property* in EX16 7LX, with a valuation of £726,000.

Since it last sold in August 2011 for £400,000, its value has increased by £326,000.

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Essential buying details

  • If no refurbishment work has been carried out since it was last purchased, we expect the property to sell for between £701k and £751k.

  • The property didn't turn out to be a great investment for the previous owner - returning on average 1.7% per annum.

  • 9 semi-detached houses have sold at an average price of £476,111 over the last 12 months (in the area coverring EX16 7).

  • At a sale price of £726k, we expect this property to be in a substantially better condition than the neighbouring properties.
  • This property has a higher cost per square foot than other properties in the area, which is why we think it is more likely to be in good condition. This can be caused by it having recently been refurbished to a high standard although particularly pretty properties can also sell for a premium.
  • At a valuation of £726k it has a cost per square foot of £663, which is substantially more than the average for the area. The average cost per square foot for property here is £549.
  • If we valued this property using the average cost per square foot (CPSF) - it would be worth £601k. For it to sell for this amount, we would expect it to be in a similar state decoratively to the average property here and also have a similar sized plot of land.
  • We use survey data provided by RICS qualified surveyors to obtain the property's size. This is calculated in a slightly different way to how an estate agent will measure a property as it only includes habitable space.
  • To calculate the price per square foot, you divide the property's sale price by its total square footage.
Prices start at:
£350k
Average house price:
£601k
Most expensive:
£924k
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82%
This property has increased in price by 82% since it last sold 12 years ago
21%
This property is 21% more expensive than average in Staple Gate, EX16 7LX

Sale history

The most paid for a property in , EX16 7LX was £720,000 in 2021.

Date Price Change
Today's value* £726,000 81.5%
22 Aug 2011 £400,000 7.2%
11 Aug 2007 £373,000 73.5%
2 Staple Gate, Uplowman, Tiverton, Mid Devon, Devon, EX16 7LX
2 Staple Gate, Uplowman, Tiverton, Mid Devon, Devon, EX16 7LX
2 Staple Gate, Uplowman, Tiverton, Mid Devon, Devon, EX16 7LX
2 Staple Gate, Uplowman, Tiverton, Mid Devon, Devon, EX16 7LX
2 Staple Gate, Uplowman, Tiverton, Mid Devon, Devon, EX16 7LX
2 Staple Gate, Uplowman, Tiverton, Mid Devon, Devon, EX16 7LX
2 Staple Gate, Uplowman, Tiverton, Mid Devon, Devon, EX16 7LX
2 Staple Gate, Uplowman, Tiverton, Mid Devon, Devon, EX16 7LX
2 Staple Gate, Uplowman, Tiverton, Mid Devon, Devon, EX16 7LX
2 Staple Gate, Uplowman, Tiverton, Mid Devon, Devon, EX16 7LX
2 Staple Gate, Uplowman, Tiverton, Mid Devon, Devon, EX16 7LX
2 Staple Gate, Uplowman, Tiverton, Mid Devon, Devon, EX16 7LX
2 Staple Gate, Uplowman, Tiverton, Mid Devon, Devon, EX16 7LX
2 Staple Gate, Uplowman, Tiverton, Mid Devon, Devon, EX16 7LX
2 Staple Gate, Uplowman, Tiverton, Mid Devon, Devon, EX16 7LX
2 Staple Gate, Tiverton is a 3 bedroom semi-detached house with 1,094 square feet of internal space.
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Valuation details

The most likely sale price is £726,000 but at the lower end we think it should fetch a minimum of £701,000.

On a cost per square foot basis, this property is valued at 21% more than the other houses in this postcode.

This property has increased in price by £326,000 since it last sold in 2011 - this equates to a 4.8% rise each year.

If the property has been refurbished or extended since it was last purchased, tell us about any home improvements to get a revised valuation.

A higher cost per square foot can indicate that the property is in a better condition than the other properties or that it has a bigger garden (for more information see our valuation review) of this property.

If the property was previously purchased in a bad state of repair, making home improvements could increase its sale price to £1,025,000.

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Investment Performance
Annual change: 1.7%

Was It A Good Investment?

The previous owner had the property for 4 years, having purchased it in August 2007 for £373,000.

During this time, the price rose by £27,000 (7.2%), which equates to it increasing in value by 1.7% each year.

The property didn't turn out to be a great investment for the previous owner.

How does this property compare?

  • Most likely sale price: £726,000
    • Offers likely to be accepted between £701,000 and £751,000.
    • Cost per squre foot: £663 (at a valuation of £726,000) - the average cost per square foot for this postcode is £549
  • 3 bedroom freehold semi-detached house
    • 1,094 square feet
  • Property energy rating: 67
    • This is above average for this postcode.
    • A score of 100 is the best energy rating a property can be given.

The local market - EX16 7LX

  • The average property price for this postcode is £601,000
    • Prices here range from £350,000 to £924,000.
    • Expect to pay £466 to £631 per square foot for property in EX16 7LX.
  • 4 properties have sold in EX16 7LX over the last 5 years.

The property market across EX16 7

  • The average price paid for a semi-detached house in the area EX16 7 over the past year is £476k.
  • Semi-detached houses have been selling for £330 per square foot across EX16 7.
  • 9 semi-detached houses have sold over the last 12 months (in the area coverring EX16 7).
What does it cost to live in this area?

Valuation accuracy

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Working out a property's valuation can be tricky but we are here to help you get the information you need to know before putting in an offer.

* Excluding properties that we've been unable to calculate a valuation for. ** Excludes property transactions that occurred before 1995.

Whilst all reasonable effort is made to ensure the information in this website is current, The Move Market does not warrant the accuracy or completeness and accepts no liability for any loss or damage or costs.

Contains HM Land Registry data © Crown copyright and database right 2023. This data is licensed under the Open Government Licence v3.0.

The latest HM Land registry data covers property transactions up until 31/01/2024 - this was released on the 28/02/2024.