CORNERWAYS, EXETER ROAD, HONITON, EX14 1AU - £350,000

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.

CORNERWAYS is a large detached house of 119m², built sometime between 1976 and 1982, which could now be worth an estimated £412,146. It was last sold for £350,000 in November 2020, which was around 24% below the average November 2020 detached price in the East Devon local authority area. The most recent EPC inspection was March 2018, where the current energy rating was D, and the potential energy rating was C.

CORNERWAYS Sold Prices

Land registry data shows two sales for CORNERWAYS 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 CORNERWAYS 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 16 NOV	£350,000	£458,512	24% below HPI
2014 30 JAN	£249,999	£347,379	28% below HPI

CORNERWAYS 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 CORNERWAYS sales from January 2014 and November 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 January 2014 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the November 2020 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might CORNERWAYS be worth now?

CORNERWAYS might now be worth an estimated £412,146.

This is based on house price inflation of 17.8%, between November 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 17.8% inflationary increase is applied to the most recent sale price for CORNERWAYS of £350,000 on 16th November 2020. For the value to have increased from £350,000 to £412,146 over the five years and nine months to February 2025, the following assumptions must hold true:

• The value of CORNERWAYS has moved in line with the HPI for detached houses in the East Devon local authority area.
• The November 2020 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of CORNERWAYS has not materially changed since November 2020.

How Large is CORNERWAYS?

CORNERWAYS is 119m² according to the EPC inspection conducted in March 2018. This puts it in the largest 30% 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 CORNERWAYS lies on this distribution: 75% of detached houses houses are smaller than CORNERWAYS, and 24% of houses are larger. Note that EPC data is not available for all properties in Honiton.

CORNERWAYS: Plot and Title Map

CORNERWAYS sits on a plot of roughly 0.159 of an acre, or 644m². The below map shows the location of CORNERWAYS, 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 CORNERWAYS). 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 CORNERWAYS?

CORNERWAYS is located on EXETER ROAD in HONITON, in the EX14 postcode district. The below map shows the position of CORNERWAYS on EXETER ROAD.