3, DRAKES MEADOW, CHERITON FITZPAINE, CREDITON, EX17 4HU - £400,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

3 DRAKES MEADOW is a very large detached house of 158m², built sometime between 1983 and 1990. It was last sold for £400,000 in September 2023, which was around 9% below the average September 2023 detached price in the Mid Devon local authority area. The most recent EPC inspection was March 2017, where the current energy rating was D, and the potential energy rating was B.

3 DRAKES MEADOW Sold Prices

Land registry data shows three sales for 3 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 3 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
2023 8 SEP	£400,000	£437,671	9% below HPI
1997 29 SEP	£86,995	£92,167	6% below HPI
1997 5 SEP	£89,000	£92,167	3% below HPI

3 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 3 DRAKES MEADOW sales between September 1997 and September 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 September 1997 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the September 2023 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is 3 DRAKES MEADOW?

3 DRAKES MEADOW is 158m² according to the EPC inspection conducted in March 2017. This puts it in the largest 20% of detached houses in Cheriton Fitzpaine, based on EPC data. The below chart shows the distribution of detached houses by size in Cheriton Fitzpaine, and where 3 DRAKES MEADOW lies on this distribution: 83% of detached houses are smaller than 3 DRAKES MEADOW, and 17% of houses are larger. Note that EPC data is not available for all properties in Cheriton Fitzpaine.

3 DRAKES MEADOW: Plot and Title Map

3 DRAKES MEADOW sits on a plot of roughly 0.108 of an acre, or 437m². The below map shows the location of 3 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 3 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 3 DRAKES MEADOW?

3 DRAKES MEADOW is located in CHERITON FITZPAINE, in the EX17 postcode district. The below map shows the position of No. 3 on DRAKES MEADOW.