7, CYPRESS CLOSE, HONITON, EX14 2YW - £260,000

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

7 CYPRESS CLOSE is a very small extended detached house of 71m², built sometime between 1976 and 1982. It was last sold for £260,000 in October 2019, which was around 40% below the average October 2019 detached price in the East Devon local authority area. The most recent EPC inspection was November 2018, where the current energy rating was D, and the potential energy rating was B.

7 CYPRESS CLOSE Sold Prices

Land registry data shows three sales for 7 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 7 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 11 OCT	£260,000	£430,820	40% below HPI
1997 12 SEP	£80,500	£107,166	25% below HPI
1995 20 DEC	£68,500	£87,306	22% below HPI

7 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 7 CYPRESS CLOSE sales between December 1995 and October 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 1997 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the October 2019 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is 7 CYPRESS CLOSE?

7 CYPRESS CLOSE is 71m², which includes one extension, according to the EPC inspection conducted in November 2018. 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 7 CYPRESS CLOSE lies on this distribution: 13% of detached houses are smaller than 7 CYPRESS CLOSE, and 86% of houses are larger. Note that EPC data is not available for all properties in Honiton.

7 CYPRESS CLOSE: Plot and Title Map

7 CYPRESS CLOSE sits on a plot of roughly 0.057 of an acre, or 229m². The below map shows the location of 7 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 7 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 7 CYPRESS CLOSE?

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