2, ROMAN WAY, HONITON, EX14 1PT - £300,000

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 ROMAN WAY is a very small detached house of 74m², built sometime between 1976 and 1982. It was last sold for £300,000 in December 2022, which was around 40% below the average December 2022 detached price in the East Devon local authority area. The most recent EPC inspection was November 2020, where the current energy rating was D, and the potential energy rating was B.

2 ROMAN WAY Sold Prices

Land registry data shows four sales for 2 ROMAN WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Devon local authority area for the corresponding sale date. All of the four 2 ROMAN WAY 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
2022 9 DEC	£300,000	£502,510	40% below HPI
2021 31 MAR	£250,000	£441,427	43% below HPI
2004 25 JUN	£192,500	£281,675	32% below HPI
2001 5 OCT	£110,000	£179,716	39% below HPI

2 ROMAN WAY 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 four 2 ROMAN WAY sales between October 2001 and December 2022 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 March 2021 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the December 2022 sale, where it rises to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is 2 ROMAN WAY?

2 ROMAN WAY is 74m² according to the EPC inspection conducted in November 2020. This puts it in the smallest 20% 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 ROMAN WAY lies on this distribution: 16% of detached houses are smaller than 2 ROMAN WAY, and 83% of houses are larger. Note that EPC data is not available for all properties in Honiton.

2 ROMAN WAY: Plot and Title Map

2 ROMAN WAY sits on a plot of roughly 0.104 of an acre, or 421m². The below map shows the location of 2 ROMAN WAY, 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 ROMAN WAY). 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 ROMAN WAY?

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