PARK HOUSE, FORE STREET, MORCHARD BISHOP, CREDITON, EX17 6NX - £320,000

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

PARK HOUSE is a very large extended detached house of 172m², built sometime before 1900. It was last sold for £320,000 in July 2021, which was around 17% below the average July 2021 detached price in the Mid Devon local authority area. The most recent EPC inspection was January 2020, where the current energy rating was F, and the potential energy rating was E.

PARK HOUSE Sold Prices

Land registry data shows two sales for PARK HOUSE 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 PARK HOUSE 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 30 JUL	£320,000	£384,465	17% below HPI
2004 2 SEP	£220,000	£263,543	17% below HPI

PARK HOUSE 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 PARK HOUSE sales from September 2004 and July 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 September 2004 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the July 2021 sale, which was also at 17% below the HPI.

What might PARK HOUSE be worth now?

PARK HOUSE might now be worth an estimated £361,841.

This is based on house price inflation of 13.1%, between July 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 13.1% inflationary increase is applied to the most recent sale price for PARK HOUSE of £320,000 on 30th July 2021. For the value to have increased from £320,000 to £361,841 over the two years and seven months to December 2024, the following assumptions must hold true:

• The value of PARK HOUSE has moved in line with the HPI for detached houses in the Mid Devon local authority area.
• The July 2021 sale price of £320,000 represented a fair market value for the property.
• The size, condition, and specification of PARK HOUSE has not materially changed since July 2021.

How Large is PARK HOUSE?

PARK HOUSE is 172m², which includes one extension, according to the EPC inspection conducted in January 2020. This puts it in the largest 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 PARK HOUSE lies on this distribution: 90% of detached houses houses are smaller than PARK HOUSE, and 10% of houses are larger. Note that EPC data is not available for all properties in Morchard Bishop.

PARK HOUSE: Plot and Title Map

PARK HOUSE sits on a plot of roughly 0.144 of an acre, or 583m². The below map shows the location of PARK HOUSE, 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 PARK HOUSE). 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 PARK HOUSE?

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