2, ARGUS CLOSE, HONITON, EX14 1UT - £135,000

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.

2 ARGUS CLOSE is a very small extended detached house of 56m², built sometime between 1983 and 1990, which could now be worth an estimated £231,284. It was last sold for £135,000 in July 2006, which was around 57% below the average July 2006 detached price in the East Devon local authority area. The most recent EPC inspection was March 2022, where the current energy rating was C, and the potential energy rating was B.

2 ARGUS CLOSE Sold Prices

Land registry data shows three sales for 2 ARGUS 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 2 ARGUS 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
2006 7 JUL	£135,000	£315,153	57% below HPI
1999 7 SEP	£38,000	£130,049	71% below HPI
1997 4 APR	£33,500	£101,750	67% below HPI

2 ARGUS 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 2 ARGUS CLOSE sales between April 1997 and July 2006 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 September 1999 sale was for 71% below the HPI. So the extrapolation line tracks at 71% below the HPI over time, until the July 2006 sale, where it rises to 57% below the HPI. The line then continues to track at 57% below the HPI.

What might 2 ARGUS CLOSE be worth now?

2 ARGUS CLOSE might now be worth an estimated £231,284.

This is based on house price inflation of 71.3%, between July 2006 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 71.3% inflationary increase is applied to the most recent sale price for 2 ARGUS CLOSE of £135,000 on 7th July 2006. For the value to have increased from £135,000 to £231,284 over the nineteen years and five months to February 2025, the following assumptions must hold true:

• The value of 2 ARGUS CLOSE has moved in line with the HPI for detached houses in the East Devon local authority area.
• The July 2006 sale price of £135,000 represented a fair market value for the property.
• The size, condition, and specification of 2 ARGUS CLOSE has not materially changed since July 2006.

How Large is 2 ARGUS CLOSE?

2 ARGUS CLOSE is 56m², which includes one extension, according to the EPC inspection conducted in March 2022. 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 2 ARGUS CLOSE lies on this distribution: 2% of detached houses houses are smaller than 2 ARGUS CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Honiton.

2 ARGUS CLOSE: Plot and Title Map

2 ARGUS CLOSE sits on a plot of roughly 0.017 of an acre, or 67m². The below map shows the location of 2 ARGUS 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 2 ARGUS 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 2 ARGUS CLOSE?

2 ARGUS CLOSE is located in HONITON, in the EX14 postcode district. The below map shows the position of No. 2 on ARGUS CLOSE.