12, ROWAN CLOSE, HONITON, EX14 2YH - £225,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

12 ROWAN CLOSE is a very small extended detached house of 63m², built sometime between 1976 and 1982, which could now be worth an estimated £321,570. It was last sold for £225,000 in March 2016, which was around 41% below the average March 2016 detached price in the East Devon local authority area. The most recent EPC inspection was March 2014, where the current energy rating was C, and the potential energy rating was A.

12 ROWAN CLOSE Sold Prices

Land registry data shows three sales for 12 ROWAN 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 12 ROWAN 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 4 MAR	£225,000	£379,872	41% below HPI
2013 31 MAY	£188,500	£344,088	45% below HPI
2002 17 OCT	£179,950	£237,943	24% below HPI

12 ROWAN 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 12 ROWAN CLOSE sales between October 2002 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 May 2013 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the March 2016 sale, where it rises to 41% below the HPI. The line then continues to track at 41% below the HPI.

What might 12 ROWAN CLOSE be worth now?

12 ROWAN CLOSE might now be worth an estimated £321,570.

This is based on house price inflation of 42.9%, between March 2016 and December 2024, 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 42.9% inflationary increase is applied to the most recent sale price for 12 ROWAN CLOSE of £225,000 on 4th March 2016. For the value to have increased from £225,000 to £321,570 over the seven years and three months to December 2024, the following assumptions must hold true:

• The value of 12 ROWAN CLOSE has moved in line with the HPI for detached houses in the East Devon local authority area.
• The March 2016 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 12 ROWAN CLOSE has not materially changed since March 2016.

How Large is 12 ROWAN CLOSE?

12 ROWAN CLOSE is 63m², which includes one extension, according to the EPC inspection conducted in March 2014. This puts it in the smallest 10% 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 12 ROWAN CLOSE lies on this distribution: 6% of detached houses houses are smaller than 12 ROWAN CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Honiton.

12 ROWAN CLOSE: Plot and Title Map

12 ROWAN CLOSE sits on a plot of roughly 0.098 of an acre, or 396m². The below map shows the location of 12 ROWAN 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 12 ROWAN 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 12 ROWAN CLOSE?

12 ROWAN CLOSE is located in HONITON, in the EX14 postcode district. The below map shows the position of No. 12 on ROWAN CLOSE.