38, CYPRESS CLOSE, HONITON, EX14 2YW - £275,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

38 CYPRESS CLOSE is a very small detached house of 57m², built sometime between 1983 and 1990. It was last sold for £275,000 in September 2019, which was around 36% below the average September 2019 detached price in the East Devon local authority area. The most recent EPC inspection was March 2022, where the current energy rating was B, and the potential energy rating was A.

38 CYPRESS CLOSE Sold Prices

Land registry data shows three sales for 38 CYPRESS 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 38 CYPRESS 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
2019 20 SEP	£275,000	£431,564	36% below HPI
2001 26 SEP	£136,500	£176,892	23% below HPI
1997 15 AUG	£71,000	£106,606	33% below HPI

38 CYPRESS 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 38 CYPRESS CLOSE sales between August 1997 and September 2019 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 2001 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the September 2019 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is 38 CYPRESS CLOSE?

38 CYPRESS CLOSE is 57m² according to the EPC inspection conducted in March 2022. This puts it in the smallest 10% of detached houses in Honiton, based on EPC data. The below chart shows the distribution of detached houses by size in Honiton, and where 38 CYPRESS CLOSE lies on this distribution: 3% of detached houses are smaller than 38 CYPRESS CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Honiton.

38 CYPRESS CLOSE: Plot and Title Map

38 CYPRESS CLOSE sits on a plot of roughly 0.089 of an acre, or 362m². The below map shows the location of 38 CYPRESS 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 38 CYPRESS 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 38 CYPRESS CLOSE?

38 CYPRESS CLOSE is located in HONITON, in the EX14 postcode district. The below map shows the position of No. 38 on CYPRESS CLOSE.