SPINDLEWOOD, COTFIELD CLOSE, HONITON, EX14 1QX - £235,000

SPINDLEWOOD is a very large extended detached house of 136m², built sometime between 1976 and 1982. It was last sold for £235,000 in March 2016, which was around 36% below the average March 2016 detached price in the East Devon local authority area. The most recent EPC inspection was May 2011, where the current energy rating was D, and the potential energy rating was C.

SPINDLEWOOD Sold Prices

Land registry data shows three sales for SPINDLEWOOD 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 SPINDLEWOOD 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
2016 18 MAR	£235,000	£369,005	36% below HPI
2003 29 JUL	£205,000	£255,563	20% below HPI
1998 29 JUL	£95,000	£115,970	18% below HPI

SPINDLEWOOD 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 SPINDLEWOOD sales between July 1998 and March 2016 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 July 2003 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the March 2016 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is SPINDLEWOOD?

SPINDLEWOOD is 136m², which includes one extension, according to the EPC inspection conducted in May 2011. This puts it in the largest 20% of detached houses in Honiton, based on EPC data. The below chart shows the distribution of detached houses by size in Honiton, and where SPINDLEWOOD lies on this distribution: 87% of detached houses are smaller than SPINDLEWOOD, and 13% of houses are larger. Note that EPC data is not available for all properties in Honiton.

SPINDLEWOOD: Plot and Title Map

SPINDLEWOOD sits on a plot of roughly 0.142 of an acre, or 574m². The below map shows the location of SPINDLEWOOD, 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 SPINDLEWOOD). 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 SPINDLEWOOD?

SPINDLEWOOD is located on COTFIELD CLOSE in HONITON, in the EX14 postcode district. The below map shows the position of SPINDLEWOOD on COTFIELD CLOSE.