2, BUCHANAN CLOSE, HONITON, EX14 2GS - £241,000

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 BUCHANAN CLOSE is a midsized detached house of 91m², built sometime between 1996 and 2002, which could now be worth an estimated £374,930. It was last sold for £241,000 in June 2012, which was around 31% below the average June 2012 detached price in the East Devon local authority area. The most recent EPC inspection was March 2011, where the current energy rating was D, and the potential energy rating was C.

2 BUCHANAN CLOSE Sold Prices

Land registry data shows five sales for 2 BUCHANAN CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the East Devon local authority area for the corresponding sale date. All of the five 2 BUCHANAN 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
2012 21 JUN	£241,000	£347,057	31% below HPI
2003 1 OCT	£258,000	£271,121	5% below HPI
2002 5 APR	£155,000	£197,550	22% below HPI
2000 21 DEC	£142,500	£160,766	11% below HPI
2000 29 AUG	£125,000	£158,471	21% below HPI

2 BUCHANAN 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 five 2 BUCHANAN CLOSE sales between August 2000 and June 2012 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 2003 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the June 2012 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 2 BUCHANAN CLOSE be worth now?

2 BUCHANAN CLOSE might now be worth an estimated £374,930.

This is based on house price inflation of 55.6%, between June 2012 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 55.6% inflationary increase is applied to the most recent sale price for 2 BUCHANAN CLOSE of £241,000 on 21st June 2012. For the value to have increased from £241,000 to £374,930 over the thirteen years and four months to February 2025, the following assumptions must hold true:

• The value of 2 BUCHANAN CLOSE has moved in line with the HPI for detached houses in the East Devon local authority area.
• The June 2012 sale price of £241,000 represented a fair market value for the property.
• The size, condition, and specification of 2 BUCHANAN CLOSE has not materially changed since June 2012.

How Large is 2 BUCHANAN CLOSE?

2 BUCHANAN CLOSE is 91m² according to the EPC inspection conducted in March 2011. This puts it in the smallest 50% 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 BUCHANAN CLOSE lies on this distribution: 43% of detached houses houses are smaller than 2 BUCHANAN CLOSE, and 57% of houses are larger. Note that EPC data is not available for all properties in Honiton.

2 BUCHANAN CLOSE: Plot and Title Map

2 BUCHANAN CLOSE sits on a plot of roughly 0.093 of an acre, or 376m². The below map shows the location of 2 BUCHANAN 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 BUCHANAN 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 BUCHANAN CLOSE?

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