8, ROWAN CLOSE, HONITON, EX14 2YH - £196,000

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

8 ROWAN CLOSE is a very small detached house of 44m², built sometime between 1983 and 1990, which could now be worth an estimated £306,333. It was last sold for £196,000 in October 2007, which was around 44% below the average October 2007 detached price in the East Devon local authority area. The most recent EPC inspection was September 2016, where the current energy rating was D, and the potential energy rating was B.

8 ROWAN CLOSE Sold Prices

Land registry data shows three sales for 8 ROWAN 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 8 ROWAN 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
2007 16 OCT	£196,000	£347,370	44% below HPI
2000 23 AUG	£87,000	£158,471	45% below HPI
1996 23 AUG	£63,000	£96,183	34% below HPI

8 ROWAN 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 8 ROWAN CLOSE sales between August 1996 and October 2007 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 2000 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the October 2007 sale, where it rises to 44% below the HPI. The line then continues to track at 44% below the HPI.

What might 8 ROWAN CLOSE be worth now?

8 ROWAN CLOSE might now be worth an estimated £306,333.

This is based on house price inflation of 56.3%, between October 2007 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 56.3% inflationary increase is applied to the most recent sale price for 8 ROWAN CLOSE of £196,000 on 16th October 2007. For the value to have increased from £196,000 to £306,333 over the sixteen years and ten months to December 2024, the following assumptions must hold true:

• The value of 8 ROWAN CLOSE has moved in line with the HPI for detached houses in the East Devon local authority area.
• The October 2007 sale price of £196,000 represented a fair market value for the property.
• The size, condition, and specification of 8 ROWAN CLOSE has not materially changed since October 2007.

How Large is 8 ROWAN CLOSE?

8 ROWAN CLOSE is 44m² according to the EPC inspection conducted in September 2016. This puts it in the smallest 10% 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 8 ROWAN CLOSE lies on this distribution: Less than 1% of detached houses houses are smaller than 8 ROWAN CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Honiton.

8 ROWAN CLOSE: Plot and Title Map

8 ROWAN CLOSE sits on a plot of roughly 0.063 of an acre, or 253m². The below map shows the location of 8 ROWAN 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 8 ROWAN 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 8 ROWAN CLOSE?

8 ROWAN CLOSE is located in HONITON, in the EX14 postcode district. The below map shows the position of No. 8 on ROWAN CLOSE.