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

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 BUCHANAN CLOSE is a midsized detached house of 91m², built sometime between 1996 and 2002. It was last sold for £241,000 in June 2012, which was around 29% 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	£337,129	29% below HPI
2003 1 OCT	£258,000	£263,365	2% below HPI
2002 5 APR	£155,000	£191,899	19% below HPI
2000 21 DEC	£142,500	£156,167	9% below HPI
2000 29 AUG	£125,000	£153,938	19% 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 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the June 2012 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

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 in Honiton, based on EPC data. The below chart shows the distribution of detached houses by size in Honiton, and where 2 BUCHANAN CLOSE lies on this distribution: 44% of detached houses are smaller than 2 BUCHANAN CLOSE, and 56% 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.