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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
According to the public record, 2, Observer Close, South Molton is a modern freehold house with 904 ft2 of internal area and sits on a 442 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Observer Close, South Molton is £371,066 and the estimated rental value is £993 per month.
Observer Close, South Molton, EX36 is located in the borough of North Devon within the EX36 postal district.
2, Observer Close, South Molton has 2 entries in the Land Registry , most recently in August 2023 and a single entry in the EPC database dated November 2018.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 2, Observer Close, South Molton is in very good condition we estimate a sale value of £389,619 and a rental value of £1,042 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £345,091 and a rental value of £923 per month.
Over the last 12 months the sale value of 2 Observer Close South Molton has decreased by an estimated £4,652 (1.3%) and its rental value has increased by an estimated £29 per month (2.9%), giving an expected gross yield of 3.2%.
According to data from HM Land Registry, 2, Observer Close, South Molton sits on a plot of 442m2.
We have plot size data on 7 out of 7 other houses in the postcode and 2, Observer Close, South Molton sits on the 5th largest plot.
2, Observer Close, South Molton has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 23 Nov 2018.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 2, Observer Close, South Molton was last sold on 22nd August 2023 for £390,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since August 2023, the market for similar properties has dropped 8.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Observer Close, South Molton within a radius of 990 metres over the last 2 years.
The most recent example is 30, Deerhill Road, South Molton, EX36 3FH, a freehold house which sold for £349,500 on the 11th October 2024.
Read more about house prices in EX36.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Observer Close, South Molton, EX36 has a total of 7 addresses. According to our analysis of all the public data, 2, Observer Close, South Molton is the 7th largest and the 7th most expensive property on the street.
When compared to the postcode district it is £69k more expensive than the average property in EX36.
The closest station to 2, Observer Close, South Molton is Umberleigh station which is 10.3 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
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The recent census recorded whether a resident owned or rented their home.
In the area around 2, Observer Close, South Molton, % of property is and % is .
The graph below shows how this compares to South West and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 2, Observer Close, South Molton, 0.0% of residents are recorded as possessing school level qualifications and 0.0% as possessing degree level qualifications.
The graph below shows how this compares to South West and the rest of England & Wales.
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 2, Observer Close, South Molton, 0.0% of property was a second home.
Comparison figures for South West and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 2, Observer Close, South Molton, there are an average of 0.0 cars per household.
See below for how this compares to South West and the rest of England & Wales.
