LOWER TOWN PLACE, LAPFORD, CREDITON, EX17 6PZ - £230,000

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

LOWER TOWN PLACE is a very large extended detached house of 177m², built sometime before 1900. It was last sold for £230,000 in May 2016, which was around 25% below the average May 2016 detached price in the Mid Devon local authority area. The most recent EPC inspection was October 2015, where the current energy rating was E, and the potential energy rating was C.

LOWER TOWN PLACE Sold Prices

Land registry data shows two sales for LOWER TOWN PLACE 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 LOWER TOWN PLACE 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
2016 6 MAY	£230,000	£307,447	25% below HPI
2013 19 DEC	£184,000	£276,337	33% below HPI

LOWER TOWN PLACE 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 LOWER TOWN PLACE sales from December 2013 and May 2016 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 December 2013 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the May 2016 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is LOWER TOWN PLACE?

LOWER TOWN PLACE is 177m², which includes one extension, according to the EPC inspection conducted in October 2015. This puts it in the largest 20% of detached houses in Lapford, based on EPC data. The below chart shows the distribution of detached houses by size in Lapford, and where LOWER TOWN PLACE lies on this distribution: 89% of detached houses are smaller than LOWER TOWN PLACE, and 11% of houses are larger. Note that EPC data is not available for all properties in Lapford.

LOWER TOWN PLACE: Plot and Title Map

LOWER TOWN PLACE sits on a plot of roughly 0.095 of an acre, or 383m². The below map shows the location of LOWER TOWN PLACE, 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 LOWER TOWN PLACE). 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 LOWER TOWN PLACE?

LOWER TOWN PLACE is located in LAPFORD, in the EX17 postcode district. The below map shows the position of LOWER TOWN PLACE in LAPFORD.