10, BUTTERY CLOSE, HONITON, EX14 2FB - £225,000

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.

10 BUTTERY CLOSE is a very small terraced house of 61m², built sometime between 1983 and 1990, which could now be worth an estimated £235,037. It was last sold for £225,000 in December 2022, which was around 14% below the average December 2022 terraced price in the East Devon local authority area. The most recent EPC inspection was September 2022, where the current energy rating was C, and the potential energy rating was B.

10 BUTTERY CLOSE Sold Prices

Land registry data shows four sales for 10 BUTTERY CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the East Devon local authority area for the corresponding sale date. All of the four 10 BUTTERY 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
2022 15 DEC	£225,000	£261,178	14% below HPI
2003 4 JUN	£105,000	£122,615	14% below HPI
1997 3 NOV	£40,000	£51,529	22% below HPI
1995 23 MAR	£40,000	£47,234	15% below HPI

10 BUTTERY CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the East Devon local authority area over time, sourced from the HPI. The four 10 BUTTERY CLOSE sales between March 1995 and December 2022 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 June 2003 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the December 2022 sale, which was also at 14% below the HPI.

What might 10 BUTTERY CLOSE be worth now?

10 BUTTERY CLOSE might now be worth an estimated £235,037.

This is based on house price inflation of 4.5%, between December 2022 and May 2026, for terraced 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 4.5% inflationary increase is applied to the most recent sale price for 10 BUTTERY CLOSE of £225,000 on 15th December 2022. For the value to have increased from £225,000 to £235,037 over the four years and seven months to May 2026, the following assumptions must hold true:

• The value of 10 BUTTERY CLOSE has moved in line with the HPI for terraced houses in the East Devon local authority area.
• The December 2022 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 10 BUTTERY CLOSE has not materially changed since December 2022.

How Large is 10 BUTTERY CLOSE?

10 BUTTERY CLOSE is 61m² according to the EPC inspection conducted in September 2022. This puts it in the smallest 10% of terraced houses houses in Honiton, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Honiton, and where 10 BUTTERY CLOSE lies on this distribution: 4% of terraced houses houses are smaller than 10 BUTTERY CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Honiton.

10 BUTTERY CLOSE: Plot and Title Map

10 BUTTERY CLOSE sits on a plot of roughly 0.030 of an acre, or 120m². The below map shows the location of 10 BUTTERY 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 10 BUTTERY 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 10 BUTTERY CLOSE?

10 BUTTERY CLOSE is located in HONITON, in the EX14 postcode district. The below map shows the position of No. 10 on BUTTERY CLOSE.