12, DRAKES MEADOW, CHERITON FITZPAINE, CREDITON, EX17 4HU - £360,000

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.

12 DRAKES MEADOW is a small extended detached house of 112m², built sometime between 1991 and 1995, which could now be worth an estimated £341,097. It was last sold for £360,000 in August 2024, which was around 19% below the average August 2024 detached price in the Mid Devon local authority area. The most recent EPC inspection was October 2023, where the current energy rating was E, and the potential energy rating was C.

12 DRAKES MEADOW Sold Prices

Land registry data shows two sales for 12 DRAKES MEADOW 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 12 DRAKES MEADOW 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
2024 22 AUG	£360,000	£445,082	19% below HPI
1995 30 OCT	£75,000	£86,108	13% below HPI

12 DRAKES MEADOW 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 12 DRAKES MEADOW sales from October 1995 and August 2024 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 October 1995 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the August 2024 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 12 DRAKES MEADOW be worth now?

12 DRAKES MEADOW might now be worth an estimated £341,097.

This is based on house price deflation of 5.3%, between August 2024 and February 2025, for detached houses, in the Mid Devon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 5.3% deflationary decrease is applied to the most recent sale price for 12 DRAKES MEADOW of £360,000 on 22nd August 2024. For the value to have decreased from £360,000 to £341,097 over the one year and six months to February 2025, the following assumptions must hold true:

• The value of 12 DRAKES MEADOW has moved in line with the HPI for detached houses in the Mid Devon local authority area.
• The August 2024 sale price of £360,000 represented a fair market value for the property.
• The size, condition, and specification of 12 DRAKES MEADOW has not materially changed since August 2024.

How Large is 12 DRAKES MEADOW?

12 DRAKES MEADOW is 112m², which includes one extension, according to the EPC inspection conducted in October 2023. This puts it in the smallest 40% of detached houses houses in Cheriton Fitzpaine, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cheriton Fitzpaine, and where 12 DRAKES MEADOW lies on this distribution: 34% of detached houses houses are smaller than 12 DRAKES MEADOW, and 64% of houses are larger. Note that EPC data is not available for all properties in Cheriton Fitzpaine.

12 DRAKES MEADOW: Plot and Title Map

12 DRAKES MEADOW sits on a plot of roughly 0.086 of an acre, or 348m². The below map shows the location of 12 DRAKES MEADOW, 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 12 DRAKES MEADOW). 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 12 DRAKES MEADOW?

12 DRAKES MEADOW is located in CHERITON FITZPAINE, in the EX17 postcode district. The below map shows the position of No. 12 on DRAKES MEADOW.