FOUNTAIN COTTAGE, MORCHARD BISHOP, CREDITON, EX17 6NS - £300,000

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

FOUNTAIN COTTAGE is a very large extended detached house of 171m², built sometime between 2003 and 2006. It was last sold for £300,000 in August 2020, which was around 20% below the average August 2020 detached price in the Mid Devon local authority area. The most recent EPC inspection was December 2017, where the current energy rating was D, and the potential energy rating was B.

FOUNTAIN COTTAGE Sold Prices

Land registry data shows two sales for FOUNTAIN 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 FOUNTAIN 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
2020 20 AUG	£300,000	£374,001	20% below HPI
2014 24 MAR	£250,000	£283,851	12% below HPI

FOUNTAIN 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 FOUNTAIN COTTAGE sales from March 2014 and August 2020 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 March 2014 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the August 2020 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might FOUNTAIN COTTAGE be worth now?

FOUNTAIN COTTAGE might now be worth an estimated £348,717.

This is based on house price inflation of 16.2%, between August 2020 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 16.2% inflationary increase is applied to the most recent sale price for FOUNTAIN COTTAGE of £300,000 on 20th August 2020. For the value to have increased from £300,000 to £348,717 over the three years and eight months to December 2024, the following assumptions must hold true:

• The value of FOUNTAIN COTTAGE has moved in line with the HPI for detached houses in the Mid Devon local authority area.
• The August 2020 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of FOUNTAIN COTTAGE has not materially changed since August 2020.

How Large is FOUNTAIN COTTAGE?

FOUNTAIN COTTAGE is 171m², which includes two extensions, according to the EPC inspection conducted in December 2017. This puts it in the largest 20% 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 FOUNTAIN COTTAGE lies on this distribution: 89% of detached houses houses are smaller than FOUNTAIN COTTAGE, and 11% of houses are larger. Note that EPC data is not available for all properties in Morchard Bishop.

FOUNTAIN COTTAGE: Plot and Title Map

FOUNTAIN COTTAGE sits on a plot of roughly 0.051 of an acre, or 207m². The below map shows the location of FOUNTAIN 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 FOUNTAIN 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 FOUNTAIN COTTAGE?

FOUNTAIN COTTAGE is located in MORCHARD BISHOP, in the EX17 postcode district. The below map shows the position of FOUNTAIN COTTAGE in MORCHARD BISHOP.