7, THE CHASE, HONITON, EX14 1QB - £332,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

7 THE CHASE is a midsized detached house of 93m², built sometime between 1983 and 1990, which could now be worth an estimated £371,050. It was last sold for £332,000 in October 2021, which was around 32% below the average October 2021 detached price in the East Devon local authority area. The most recent EPC inspection was May 2021, where the current energy rating was D, and the potential energy rating was B.

7 THE CHASE Sold Prices

Land registry data shows three sales for 7 THE CHASE 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 THE CHASE 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
2021 12 OCT	£332,000	£485,776	32% below HPI
2007 11 APR	£285,000	£327,814	13% below HPI
2003 5 SEP	£205,000	£274,407	25% below HPI

7 THE CHASE 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 THE CHASE sales between September 2003 and October 2021 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 April 2007 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the October 2021 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

What might 7 THE CHASE be worth now?

7 THE CHASE might now be worth an estimated £371,050.

This is based on house price inflation of 11.8%, between October 2021 and December 2024, 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 11.8% inflationary increase is applied to the most recent sale price for 7 THE CHASE of £332,000 on 12th October 2021. For the value to have increased from £332,000 to £371,050 over the two years and ten months to December 2024, the following assumptions must hold true:

• The value of 7 THE CHASE has moved in line with the HPI for detached houses in the East Devon local authority area.
• The October 2021 sale price of £332,000 represented a fair market value for the property.
• The size, condition, and specification of 7 THE CHASE has not materially changed since October 2021.

How Large is 7 THE CHASE?

7 THE CHASE is 93m² according to the EPC inspection conducted in May 2021. This puts it in the smallest 50% 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 THE CHASE lies on this distribution: 44% of detached houses houses are smaller than 7 THE CHASE, and 55% of houses are larger. Note that EPC data is not available for all properties in Honiton.

7 THE CHASE: Plot and Title Map

7 THE CHASE sits on a plot of roughly 0.111 of an acre, or 449m². The below map shows the location of 7 THE CHASE, 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 THE CHASE). 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 THE CHASE?

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