16, ARGUS CLOSE, HONITON, EX14 1UT - £180,000

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.

16 ARGUS CLOSE is a very small terraced house of 44m², built sometime between 1983 and 1990, which could now be worth an estimated £192,477. It was last sold for £180,000 in June 2022, which was around 29% below the average June 2022 terraced price in the East Devon local authority area. The most recent EPC inspection was January 2022, where the current energy rating was D, and the potential energy rating was B.

16 ARGUS CLOSE Sold Prices

Land registry data shows two sales for 16 ARGUS CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the East Devon local authority area for the corresponding sale date. Both of the two 16 ARGUS 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 10 JUN	£180,000	£255,143	29% below HPI
1997 23 JUL	£35,500	£51,393	31% below HPI

16 ARGUS 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 two 16 ARGUS CLOSE sales from July 1997 and June 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 July 1997 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the June 2022 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 16 ARGUS CLOSE be worth now?

16 ARGUS CLOSE might now be worth an estimated £192,477.

This is based on house price inflation of 6.9%, between June 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 6.9% inflationary increase is applied to the most recent sale price for 16 ARGUS CLOSE of £180,000 on 10th June 2022. For the value to have increased from £180,000 to £192,477 over the four years and one month to May 2026, the following assumptions must hold true:

• The value of 16 ARGUS CLOSE has moved in line with the HPI for terraced houses in the East Devon local authority area.
• The June 2022 sale price of £180,000 represented a fair market value for the property.
• The size, condition, and specification of 16 ARGUS CLOSE has not materially changed since June 2022.

How Large is 16 ARGUS CLOSE?

16 ARGUS CLOSE is 44m² according to the EPC inspection conducted in January 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 16 ARGUS CLOSE lies on this distribution: Less than 1% of terraced houses houses are smaller than 16 ARGUS CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Honiton.

16 ARGUS CLOSE: Plot and Title Map

16 ARGUS CLOSE sits on a plot of roughly 0.012 of an acre, or 49m². The below map shows the location of 16 ARGUS 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 16 ARGUS 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 16 ARGUS CLOSE?

16 ARGUS CLOSE is located in HONITON, in the EX14 postcode district. The below map shows the position of No. 16 on ARGUS CLOSE.