41, CHESTNUT WAY, HONITON, EX14 2UA - £184,000

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

41 CHESTNUT WAY is a very small detached house of 73m², built sometime between 1983 and 1990. It was last sold for £184,000 in May 2017, which was around 53% below the average May 2017 detached price in the East Devon local authority area. The most recent EPC inspection was April 2022, where the current energy rating was C, and the potential energy rating was B.

41 CHESTNUT WAY Sold Prices

Land registry data shows four sales for 41 CHESTNUT 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 41 CHESTNUT 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
2017 31 MAY	£184,000	£390,554	53% below HPI
2010 17 NOV	£170,000	£341,696	50% below HPI
2007 3 AUG	£175,000	£338,201	48% below HPI
2002 4 DEC	£126,000	£240,245	48% below HPI

41 CHESTNUT 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 41 CHESTNUT WAY sales between December 2002 and May 2017 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 November 2010 sale was for 50% below the HPI. So the extrapolation line tracks at 50% below the HPI over time, until the May 2017 sale, where it falls to 53% below the HPI. The line then continues to track at 53% below the HPI.

How Large is 41 CHESTNUT WAY?

41 CHESTNUT WAY is 73m² according to the EPC inspection conducted in April 2022. 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 41 CHESTNUT WAY lies on this distribution: 15% of detached houses are smaller than 41 CHESTNUT WAY, and 84% of houses are larger. Note that EPC data is not available for all properties in Honiton.

41 CHESTNUT WAY: Plot and Title Map

41 CHESTNUT WAY sits on a plot of roughly 0.039 of an acre, or 156m². The below map shows the location of 41 CHESTNUT 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 41 CHESTNUT 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 41 CHESTNUT WAY?

41 CHESTNUT WAY is located in HONITON, in the EX14 postcode district. The below map shows the position of No. 41 on CHESTNUT WAY.