18, DRAKES MEADOW, CHERITON FITZPAINE, CREDITON, EX17 4HU - £240,000

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.

18 DRAKES MEADOW is a small detached house of 116m², built sometime between 1983 and 1990, which could now be worth an estimated £365,427. It was last sold for £240,000 in August 2011, which was around 13% below the average August 2011 detached price in the Mid Devon local authority area. The most recent EPC inspection was May 2010, where the current energy rating was D, and the potential energy rating was D.

18 DRAKES MEADOW Sold Prices

Land registry data shows three sales for 18 DRAKES MEADOW since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Mid Devon local authority area for the corresponding sale date. All of the three 18 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
2011 8 AUG	£240,000	£276,966	13% below HPI
2000 2 JUN	£121,000	£131,763	8% below HPI
1995 4 SEP	£76,000	£83,478	9% below HPI

18 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 three 18 DRAKES MEADOW sales between September 1995 and August 2011 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 2000 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the August 2011 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 18 DRAKES MEADOW be worth now?

18 DRAKES MEADOW might now be worth an estimated £365,427.

This is based on house price inflation of 52.3%, between August 2011 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 52.3% inflationary increase is applied to the most recent sale price for 18 DRAKES MEADOW of £240,000 on 8th August 2011. For the value to have increased from £240,000 to £365,427 over the fourteen years and six months to February 2025, the following assumptions must hold true:

• The value of 18 DRAKES MEADOW has moved in line with the HPI for detached houses in the Mid Devon local authority area.
• The August 2011 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 18 DRAKES MEADOW has not materially changed since August 2011.

How Large is 18 DRAKES MEADOW?

18 DRAKES MEADOW is 116m² according to the EPC inspection conducted in May 2010. 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 18 DRAKES MEADOW lies on this distribution: 39% of detached houses houses are smaller than 18 DRAKES MEADOW, and 61% of houses are larger. Note that EPC data is not available for all properties in Cheriton Fitzpaine.

18 DRAKES MEADOW: Plot and Title Map

18 DRAKES MEADOW sits on a plot of roughly 0.112 of an acre, or 452m². The below map shows the location of 18 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 18 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 18 DRAKES MEADOW?

18 DRAKES MEADOW is located in CHERITON FITZPAINE, in the EX17 postcode district. The below map shows the position of No. 18 on DRAKES MEADOW.