24, CHERRY CLOSE, HONITON, EX14 2XT - £159,000

24 CHERRY CLOSE is a very small detached house of 54m², built sometime between 1976 and 1982. It was last sold for £159,000 in November 2018, which was around 63% below the average November 2018 detached price in the East Devon local authority area. The most recent EPC inspection was August 2018, where the current energy rating was D, and the potential energy rating was B.

24 CHERRY CLOSE Sold Prices

Land registry data shows three sales for 24 CHERRY 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 24 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
2018 6 NOV	£159,000	£426,751	63% below HPI
2006 5 SEP	£156,000	£312,988	50% below HPI
2002 4 OCT	£94,000	£231,136	59% below HPI

24 CHERRY 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 24 CHERRY CLOSE sales between October 2002 and November 2018 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 September 2006 sale was for 50% below the HPI. So the extrapolation line tracks at 50% below the HPI over time, until the November 2018 sale, where it falls to 63% below the HPI. The line then continues to track at 63% below the HPI.

How Large is 24 CHERRY CLOSE?

24 CHERRY CLOSE is 54m² according to the EPC inspection conducted in August 2018. This puts it in the smallest 10% of detached houses in Honiton, based on EPC data. The below chart shows the distribution of detached houses by size in Honiton, and where 24 CHERRY CLOSE lies on this distribution: 2% of detached houses are smaller than 24 CHERRY CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Honiton.

24 CHERRY CLOSE: Plot and Title Map

24 CHERRY CLOSE sits on a plot of roughly 0.069 of an acre, or 278m². The below map shows the location of 24 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 24 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 24 CHERRY CLOSE?

24 CHERRY CLOSE is located in HONITON, in the EX14 postcode district. The below map shows the position of No. 24 on CHERRY CLOSE.