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

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 REDWOOD CLOSE is a very small extended detached house of 78m², built sometime between 1991 and 1995, which could now be worth an estimated £278,368. It was last sold for £201,500 in August 2016, which was around 48% 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	£390,831	48% below HPI
2000 16 OCT	£94,000	£159,827	41% below HPI
1997 29 AUG	£58,500	£109,745	47% 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 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the August 2016 sale, where it falls to 48% below the HPI. The line then continues to track at 48% below the HPI.

What might 1 REDWOOD CLOSE be worth now?

1 REDWOOD CLOSE might now be worth an estimated £278,368.

This is based on house price inflation of 38.1%, between August 2016 and February 2025, 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 38.1% inflationary increase is applied to the most recent sale price for 1 REDWOOD CLOSE of £201,500 on 19th August 2016. For the value to have increased from £201,500 to £278,368 over the nine years and six months to February 2025, the following assumptions must hold true:

• The value of 1 REDWOOD CLOSE has moved in line with the HPI for detached houses in the East Devon local authority area.
• The August 2016 sale price of £201,500 represented a fair market value for the property.
• The size, condition, and specification of 1 REDWOOD CLOSE has not materially changed since August 2016.

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 houses in Honiton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Honiton, and where 1 REDWOOD CLOSE lies on this distribution: 20% of detached houses houses are smaller than 1 REDWOOD CLOSE, and 80% 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.