15, RIDGEWAY, HONITON, EX14 2GF - £270,000

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

15 RIDGEWAY is a small extended detached house of 86m², built sometime between 1996 and 2002, which could now be worth an estimated £383,760. It was last sold for £270,000 in March 2016, which was around 29% below the average March 2016 detached price in the East Devon local authority area. The most recent EPC inspection was September 2015, where the current energy rating was C, and the potential energy rating was B.

15 RIDGEWAY Sold Prices

Land registry data shows three sales for 15 RIDGEWAY 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 15 RIDGEWAY 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 31 MAR	£270,000	£379,872	29% below HPI
2003 3 FEB	£176,000	£253,559	31% below HPI
1997 18 APR	£50,000	£101,750	51% below HPI

15 RIDGEWAY 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 15 RIDGEWAY sales between April 1997 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 February 2003 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the March 2016 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 15 RIDGEWAY be worth now?

15 RIDGEWAY might now be worth an estimated £383,760.

This is based on house price inflation of 42.1%, between March 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 42.1% inflationary increase is applied to the most recent sale price for 15 RIDGEWAY of £270,000 on 31st March 2016. For the value to have increased from £270,000 to £383,760 over the nine years and one month to February 2025, the following assumptions must hold true:

• The value of 15 RIDGEWAY has moved in line with the HPI for detached houses in the East Devon local authority area.
• The March 2016 sale price of £270,000 represented a fair market value for the property.
• The size, condition, and specification of 15 RIDGEWAY has not materially changed since March 2016.

How Large is 15 RIDGEWAY?

15 RIDGEWAY is 86m², which includes two extensions, according to the EPC inspection conducted in September 2015. This puts it in the smallest 40% 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 RIDGEWAY lies on this distribution: 31% of detached houses houses are smaller than 15 RIDGEWAY, and 68% of houses are larger. Note that EPC data is not available for all properties in Honiton.

15 RIDGEWAY: Plot and Title Map

15 RIDGEWAY sits on a plot of roughly 0.066 of an acre, or 266m². The below map shows the location of 15 RIDGEWAY, 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 RIDGEWAY). 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 RIDGEWAY?

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