7, REDWOOD CLOSE, HONITON, EX14 2XS - £240,000

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 REDWOOD CLOSE is a very small detached house of 68m², built sometime between 2003 and 2006. It was last sold for £240,000 in May 2019, which was around 43% below the average May 2019 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 REDWOOD CLOSE Sold Prices

Land registry data shows three sales for 7 REDWOOD 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 REDWOOD 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 29 MAY	£240,000	£418,107	43% below HPI
2007 29 AUG	£183,950	£338,201	46% below HPI
1996 3 OCT	£54,950	£96,752	43% below HPI

7 REDWOOD 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 REDWOOD CLOSE sales between October 1996 and May 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 August 2007 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the May 2019 sale, where it rises to 43% below the HPI. The line then continues to track at 43% below the HPI.

How Large is 7 REDWOOD CLOSE?

7 REDWOOD CLOSE is 68m² according to the EPC inspection conducted in March 2019. 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 REDWOOD CLOSE lies on this distribution: 10% of detached houses are smaller than 7 REDWOOD CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Honiton.

7 REDWOOD CLOSE: Plot and Title Map

7 REDWOOD CLOSE sits on a plot of roughly 0.051 of an acre, or 207m². The below map shows the location of 7 REDWOOD 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 REDWOOD 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 REDWOOD CLOSE?

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