7, BALFOUR CLOSE, HONITON, EX14 2UW - £372,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

7 BALFOUR CLOSE is a large detached house of 107m², built sometime between 1991 and 1995, which could now be worth an estimated £459,265. It was last sold for £372,000 in February 2020, which was around 15% below the average February 2020 detached price in the East Devon local authority area. The most recent EPC inspection was March 2019, where the current energy rating was C, and the potential energy rating was B.

7 BALFOUR CLOSE Sold Prices

Land registry data shows two sales for 7 BALFOUR 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 7 BALFOUR 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
2020 27 FEB	£372,000	£437,334	15% below HPI
2007 14 AUG	£319,950	£348,161	8% below HPI

7 BALFOUR 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 7 BALFOUR CLOSE sales from August 2007 and February 2020 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 August 2007 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the February 2020 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 7 BALFOUR CLOSE be worth now?

7 BALFOUR CLOSE might now be worth an estimated £459,265.

This is based on house price inflation of 23.5%, between February 2020 and February 2025, for detached houses, in the East Devon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 23.5% inflationary increase is applied to the most recent sale price for 7 BALFOUR CLOSE of £372,000 on 27th February 2020. For the value to have increased from £372,000 to £459,265 over the five years to February 2025, the following assumptions must hold true:

• The value of 7 BALFOUR CLOSE has moved in line with the HPI for detached houses in the East Devon local authority area.
• The February 2020 sale price of £372,000 represented a fair market value for the property.
• The size, condition, and specification of 7 BALFOUR CLOSE has not materially changed since February 2020.

How Large is 7 BALFOUR CLOSE?

7 BALFOUR CLOSE is 107m² according to the EPC inspection conducted in March 2019. This puts it in the largest 40% of detached houses houses in Honiton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Honiton, and where 7 BALFOUR CLOSE lies on this distribution: 60% of detached houses houses are smaller than 7 BALFOUR CLOSE, and 37% of houses are larger. Note that EPC data is not available for all properties in Honiton.

7 BALFOUR CLOSE: Plot and Title Map

7 BALFOUR CLOSE sits on a plot of roughly 0.094 of an acre, or 379m². The below map shows the location of 7 BALFOUR 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 7 BALFOUR 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 7 BALFOUR CLOSE?

7 BALFOUR CLOSE is located in HONITON, in the EX14 postcode district. The below map shows the position of No. 7 on BALFOUR CLOSE.