FERN COTTAGE, FORE STREET, MORCHARD BISHOP, CREDITON, EX17 6NX - £195,000

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

FERN COTTAGE is a very small extended detached house of 75m², built sometime before 1900. It was last sold for £195,000 in November 2021, which was around 54% below the average November 2021 detached price in the Mid Devon local authority area. The most recent EPC inspection was March 2019, where the current energy rating was F, and the potential energy rating was E.

FERN COTTAGE Sold Prices

Land registry data shows two sales for FERN COTTAGE 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 FERN COTTAGE 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
2021 4 NOV	£195,000	£428,089	54% below HPI
2004 16 FEB	£126,000	£234,271	46% below HPI

FERN COTTAGE 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 FERN COTTAGE sales from February 2004 and November 2021 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 February 2004 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the November 2021 sale, where it falls to 54% below the HPI. The line then continues to track at 54% below the HPI.

What might FERN COTTAGE be worth now?

FERN COTTAGE might now be worth an estimated £198,027.

This is based on house price inflation of 1.6%, between November 2021 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 1.6% inflationary increase is applied to the most recent sale price for FERN COTTAGE of £195,000 on 4th November 2021. For the value to have increased from £195,000 to £198,027 over the two years and eleven months to December 2024, the following assumptions must hold true:

• The value of FERN COTTAGE has moved in line with the HPI for detached houses in the Mid Devon local authority area.
• The November 2021 sale price of £195,000 represented a fair market value for the property.
• The size, condition, and specification of FERN COTTAGE has not materially changed since November 2021.

How Large is FERN COTTAGE?

FERN COTTAGE is 75m², which includes one extension, according to the EPC inspection conducted in March 2019. 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 FERN COTTAGE lies on this distribution: 8% of detached houses houses are smaller than FERN COTTAGE, and 90% of houses are larger. Note that EPC data is not available for all properties in Morchard Bishop.

FERN COTTAGE: Plot and Title Map

FERN COTTAGE sits on a plot of roughly 0.023 of an acre, or 92m². The below map shows the location of FERN COTTAGE, 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 FERN COTTAGE). 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 FERN COTTAGE?

FERN COTTAGE is located on FORE STREET in MORCHARD BISHOP, in the EX17 postcode district. The below map shows the position of FERN COTTAGE on FORE STREET.