12, OLD RECTORY GARDENS, MORCHARD BISHOP, CREDITON, EX17 6PF - £320,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

12 OLD RECTORY GARDENS is a very small detached house of 67m², built sometime between 1967 and 1975. It was last sold for £320,000 in March 2022, which was around 26% below the average March 2022 detached price in the Mid Devon local authority area. The most recent EPC inspection was January 2022, where the current energy rating was E, and the potential energy rating was C.

12 OLD RECTORY GARDENS Sold Prices

Land registry data shows two sales for 12 OLD RECTORY GARDENS 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 OLD RECTORY GARDENS 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
2022 4 MAR	£320,000	£433,312	26% below HPI
1997 15 OCT	£67,000	£97,594	31% below HPI

12 OLD RECTORY GARDENS 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 OLD RECTORY GARDENS sales from October 1997 and March 2022 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 1997 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the March 2022 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 12 OLD RECTORY GARDENS be worth now?

12 OLD RECTORY GARDENS might now be worth an estimated £321,051.

This is based on house price inflation of 0.3%, between March 2022 and December 2024, 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 0.3% inflationary increase is applied to the most recent sale price for 12 OLD RECTORY GARDENS of £320,000 on 4th March 2022. For the value to have increased from £320,000 to £321,051 over the one year and three months to December 2024, the following assumptions must hold true:

• The value of 12 OLD RECTORY GARDENS has moved in line with the HPI for detached houses in the Mid Devon local authority area.
• The March 2022 sale price of £320,000 represented a fair market value for the property.
• The size, condition, and specification of 12 OLD RECTORY GARDENS has not materially changed since March 2022.

How Large is 12 OLD RECTORY GARDENS?

12 OLD RECTORY GARDENS is 67m² according to the EPC inspection conducted in January 2022. This puts it in the smallest 10% of detached houses houses in Morchard Bishop, based on EPC data. The below chart shows the distribution of detached houses houses by size in Morchard Bishop, and where 12 OLD RECTORY GARDENS lies on this distribution: 3% of detached houses houses are smaller than 12 OLD RECTORY GARDENS, and 95% of houses are larger. Note that EPC data is not available for all properties in Morchard Bishop.

12 OLD RECTORY GARDENS: Plot and Title Map

12 OLD RECTORY GARDENS sits on a plot of roughly 0.134 of an acre, or 544m². The below map shows the location of 12 OLD RECTORY GARDENS, 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 OLD RECTORY GARDENS). 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 OLD RECTORY GARDENS?

12 OLD RECTORY GARDENS is located in MORCHARD BISHOP, in the EX17 postcode district. The below map shows the position of No. 12 on OLD RECTORY GARDENS.