1, REDWOOD CLOSE, HONITON, EX14 2XS - £201,500

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 REDWOOD CLOSE is a very small extended detached house of 78m², built sometime between 1991 and 1995. It was last sold for £201,500 in August 2016, which was around 47% below the average August 2016 detached price in the East Devon local authority area. The most recent EPC inspection was January 2016, where the current energy rating was D, and the potential energy rating was B.

1 REDWOOD CLOSE Sold Prices

Land registry data shows three sales for 1 REDWOOD CLOSE 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 1 REDWOOD CLOSE 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 19 AUG	£201,500	£379,651	47% below HPI
2000 16 OCT	£94,000	£155,255	39% below HPI
1997 29 AUG	£58,500	£106,606	45% below HPI

1 REDWOOD CLOSE 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 1 REDWOOD CLOSE sales between August 1997 and August 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 October 2000 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the August 2016 sale, where it falls to 47% below the HPI. The line then continues to track at 47% below the HPI.

How Large is 1 REDWOOD CLOSE?

1 REDWOOD CLOSE is 78m², which includes one extension, according to the EPC inspection conducted in January 2016. This puts it in the smallest 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 1 REDWOOD CLOSE lies on this distribution: 20% of detached houses are smaller than 1 REDWOOD CLOSE, and 79% of houses are larger. Note that EPC data is not available for all properties in Honiton.

1 REDWOOD CLOSE: Plot and Title Map

1 REDWOOD CLOSE sits on a plot of roughly 0.051 of an acre, or 206m². The below map shows the location of 1 REDWOOD CLOSE, 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 1 REDWOOD CLOSE). 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 1 REDWOOD CLOSE?

1 REDWOOD CLOSE is located in HONITON, in the EX14 postcode district. The below map shows the position of No. 1 on REDWOOD CLOSE.