2, LAKE CLOSE, HONITON, EX14 2GZ - £390,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

2 LAKE CLOSE is a midsized extended detached house of 101m², built sometime between 1996 and 2002. It was last sold for £390,000 in October 2024, which was around 26% below the average October 2024 detached price in the East Devon local authority area. The most recent EPC inspection was June 2024, where the current energy rating was C, and the potential energy rating was B.

2 LAKE CLOSE Sold Prices

Land registry data shows two sales for 2 LAKE 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. Both of the two 2 LAKE 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
2024 31 OCT	£390,000	£524,610	26% below HPI
2000 26 JAN	£120,000	£136,216	12% below HPI

2 LAKE 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 2 LAKE CLOSE sales from January 2000 and October 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 January 2000 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the October 2024 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 2 LAKE CLOSE?

2 LAKE CLOSE is 101m², which includes one extension, according to the EPC inspection conducted in June 2024. This puts it in the largest 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 LAKE CLOSE lies on this distribution: 55% of detached houses are smaller than 2 LAKE CLOSE, and 45% of houses are larger. Note that EPC data is not available for all properties in Honiton.

2 LAKE CLOSE: Plot and Title Map

2 LAKE CLOSE sits on a plot of roughly 0.107 of an acre, or 433m². The below map shows the location of 2 LAKE 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 LAKE 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 LAKE CLOSE?

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