1, WESTERNLEA, CREDITON, EX17 3JQ - £305,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 WESTERNLEA is a very small detached house of 72m², built sometime between 1983 and 1990. It was last sold for £305,000 in October 2023, which was around 30% below the average October 2023 detached price in the Mid Devon local authority area. The most recent EPC inspection was August 2020, where the current energy rating was D, and the potential energy rating was B.

1 WESTERNLEA Sold Prices

Land registry data shows two sales for 1 WESTERNLEA since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Mid Devon local authority area for the corresponding sale date. Both of the two 1 WESTERNLEA 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
2023 30 OCT	£305,000	£435,790	30% below HPI
2021 21 JAN	£290,000	£369,132	21% below HPI

1 WESTERNLEA Price Paid vs. HPI Average

The below graph shows the average detached house price in the Mid Devon local authority area over time, sourced from the HPI. The two 1 WESTERNLEA sales from January 2021 and October 2023 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 2021 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the October 2023 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 1 WESTERNLEA?

1 WESTERNLEA is 72m² according to the EPC inspection conducted in August 2020. This puts it in the smallest 10% of detached houses in Crediton, based on EPC data. The below chart shows the distribution of detached houses by size in Crediton, and where 1 WESTERNLEA lies on this distribution: 9% of detached houses are smaller than 1 WESTERNLEA, and 90% of houses are larger. Note that EPC data is not available for all properties in Crediton.

1 WESTERNLEA: Plot and Title Map

1 WESTERNLEA sits on a plot of roughly 0.115 of an acre, or 464m². The below map shows the location of 1 WESTERNLEA, 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 1 WESTERNLEA). 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 1 WESTERNLEA?

1 WESTERNLEA is located in CREDITON, in the EX17 postcode district. The below map shows the position of No. 1 on WESTERNLEA.