16, CHERRY CLOSE, HONITON, EX14 2XT - £155,000

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 CHERRY CLOSE is a very small terraced house of 61m², built sometime between 1983 and 1990, which could now be worth an estimated £228,124. It was last sold for £155,000 in March 2008, which was around 17% below the average March 2008 terraced price in the East Devon local authority area. The most recent EPC inspection was July 2021, where the current energy rating was D, and the potential energy rating was B.

16 CHERRY CLOSE Sold Prices

Land registry data shows three sales for 16 CHERRY CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the East Devon local authority area for the corresponding sale date. All of the three 16 CHERRY 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
2008 10 MAR	£155,000	£187,114	17% below HPI
2006 27 JAN	£146,000	£159,390	8% below HPI
2003 17 DEC	£114,500	£131,829	13% below HPI

16 CHERRY 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 three 16 CHERRY CLOSE sales between December 2003 and March 2008 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 2006 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the March 2008 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 16 CHERRY CLOSE be worth now?

16 CHERRY CLOSE might now be worth an estimated £228,124.

This is based on house price inflation of 47.2%, between March 2008 and April 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 47.2% inflationary increase is applied to the most recent sale price for 16 CHERRY CLOSE of £155,000 on 10th March 2008. For the value to have increased from £155,000 to £228,124 over the seventeen years and eleven months to April 2026, the following assumptions must hold true:

• The value of 16 CHERRY CLOSE has moved in line with the HPI for terraced houses in the East Devon local authority area.
• The March 2008 sale price of £155,000 represented a fair market value for the property.
• The size, condition, and specification of 16 CHERRY CLOSE has not materially changed since March 2008.

How Large is 16 CHERRY CLOSE?

16 CHERRY CLOSE is 61m² according to the EPC inspection conducted in July 2021. 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 CHERRY CLOSE lies on this distribution: 4% of terraced houses houses are smaller than 16 CHERRY CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Honiton.

16 CHERRY CLOSE: Plot and Title Map

16 CHERRY CLOSE sits on a plot of roughly 0.023 of an acre, or 94m². The below map shows the location of 16 CHERRY 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 CHERRY 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 CHERRY CLOSE?

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