15, BALFOUR CLOSE, HONITON, EX14 2UW - £487,000

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.

15 BALFOUR CLOSE is a very large extended detached house of 168m², built sometime between 1976 and 1982, which could now be worth an estimated £493,784. It was last sold for £487,000 in November 2024, which was around 9% below the average November 2024 detached price in the East Devon local authority area. The most recent EPC inspection was August 2024, where the current energy rating was D, and the potential energy rating was B.

15 BALFOUR CLOSE Sold Prices

Land registry data shows two sales for 15 BALFOUR CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Devon local authority area for the corresponding sale date. One of the two 15 BALFOUR CLOSE sales was for below the average price, whilst the other was for above 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
2024 22 NOV	£487,000	£532,507	9% below HPI
1997 24 JUL	£135,000	£108,035	25% above HPI

15 BALFOUR 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 two 15 BALFOUR CLOSE sales from July 1997 and November 2024 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 1997 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the November 2024 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 15 BALFOUR CLOSE be worth now?

15 BALFOUR CLOSE might now be worth an estimated £493,784.

This is based on house price inflation of 1.4%, between November 2024 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 1.4% inflationary increase is applied to the most recent sale price for 15 BALFOUR CLOSE of £487,000 on 22nd November 2024. For the value to have increased from £487,000 to £493,784 over the one year and nine months to February 2025, the following assumptions must hold true:

• The value of 15 BALFOUR CLOSE has moved in line with the HPI for detached houses in the East Devon local authority area.
• The November 2024 sale price of £487,000 represented a fair market value for the property.
• The size, condition, and specification of 15 BALFOUR CLOSE has not materially changed since November 2024.

How Large is 15 BALFOUR CLOSE?

15 BALFOUR CLOSE is 168m², which includes one extension, according to the EPC inspection conducted in August 2024. This puts it in the largest 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 15 BALFOUR CLOSE lies on this distribution: 94% of detached houses houses are smaller than 15 BALFOUR CLOSE, and 6% of houses are larger. Note that EPC data is not available for all properties in Honiton.

15 BALFOUR CLOSE: Plot and Title Map

15 BALFOUR CLOSE sits on a plot of roughly 0.265 of an acre, or 1,072m². The below map shows the location of 15 BALFOUR 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 15 BALFOUR 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 15 BALFOUR CLOSE?

15 BALFOUR CLOSE is located in HONITON, in the EX14 postcode district. The below map shows the position of No. 15 on BALFOUR CLOSE.