48, PROSPECT WAY, LAPFORD, CREDITON, EX17 6QB - £240,000

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

48 PROSPECT WAY is a midsized detached house of 120m², built sometime between 1996 and 2002. It was last sold for £240,000 in September 2009, which was around 8% below the average September 2009 detached price in the Mid Devon local authority area. The most recent EPC inspection was June 2023, where the current energy rating was D, and the potential energy rating was C.

48 PROSPECT WAY Sold Prices

Land registry data shows two sales for 48 PROSPECT WAY 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 48 PROSPECT WAY 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
2009 15 SEP	£240,000	£261,495	8% below HPI
1999 17 NOV	£99,950	£109,926	9% below HPI

48 PROSPECT WAY 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 48 PROSPECT WAY sales from November 1999 and September 2009 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 November 1999 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the September 2009 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is 48 PROSPECT WAY?

48 PROSPECT WAY is 120m² according to the EPC inspection conducted in June 2023. This puts it in the largest 50% of detached houses in Lapford, based on EPC data. The below chart shows the distribution of detached houses by size in Lapford, and where 48 PROSPECT WAY lies on this distribution: 53% of detached houses are smaller than 48 PROSPECT WAY, and 47% of houses are larger. Note that EPC data is not available for all properties in Lapford.

48 PROSPECT WAY: Plot and Title Map

48 PROSPECT WAY sits on a plot of roughly 0.116 of an acre, or 469m². The below map shows the location of 48 PROSPECT WAY, 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 48 PROSPECT WAY). 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 48 PROSPECT WAY?

48 PROSPECT WAY is located in LAPFORD, in the EX17 postcode district. The below map shows the position of No. 48 on PROSPECT WAY.