3, GALLERY CLOSE, HONITON, EX14 1NR - £253,000

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.

3 GALLERY CLOSE is a large extended detached house of 113m², built sometime between 1950 and 1966, which could now be worth an estimated £301,755. It was last sold for £253,000 in November 2018, which was around 42% below the average November 2018 detached price in the East Devon local authority area. The most recent EPC inspection was August 2019, where the current energy rating was D, and the potential energy rating was B.

3 GALLERY CLOSE Sold Prices

Land registry data shows three sales for 3 GALLERY 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 3 GALLERY 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 16 NOV	£253,000	£439,319	42% below HPI
2015 19 JUN	£207,000	£372,608	44% below HPI
2004 14 JUL	£165,000	£294,649	44% below HPI

3 GALLERY 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 3 GALLERY CLOSE sales between July 2004 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 June 2015 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the November 2018 sale, where it rises to 42% below the HPI. The line then continues to track at 42% below the HPI.

What might 3 GALLERY CLOSE be worth now?

3 GALLERY CLOSE might now be worth an estimated £301,755.

This is based on house price inflation of 19.3%, between November 2018 and June 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 19.3% inflationary increase is applied to the most recent sale price for 3 GALLERY CLOSE of £253,000 on 16th November 2018. For the value to have increased from £253,000 to £301,755 over the seven years and five months to June 2025, the following assumptions must hold true:

• The value of 3 GALLERY CLOSE has moved in line with the HPI for detached houses in the East Devon local authority area.
• The November 2018 sale price of £253,000 represented a fair market value for the property.
• The size, condition, and specification of 3 GALLERY CLOSE has not materially changed since November 2018.

How Large is 3 GALLERY CLOSE?

3 GALLERY CLOSE is 113m², which includes one extension, according to the EPC inspection conducted in August 2019. This puts it in the largest 40% 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 3 GALLERY CLOSE lies on this distribution: 69% of detached houses houses are smaller than 3 GALLERY CLOSE, and 31% of houses are larger. Note that EPC data is not available for all properties in Honiton.

3 GALLERY CLOSE: Plot and Title Map

3 GALLERY CLOSE sits on a plot of roughly 0.080 of an acre, or 323m². The below map shows the location of 3 GALLERY 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 3 GALLERY 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 3 GALLERY CLOSE?

3 GALLERY CLOSE is located in HONITON, in the EX14 postcode district. The below map shows the position of No. 3 on GALLERY CLOSE.