PENROSE HOUSE, PARK ROAD, CREDITON, EX17 3ET - £485,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

PENROSE HOUSE is a very large detached house of 147m², which could now be worth an estimated £500,382. It was last sold for £485,000 in October 2021, which was around 16% above the average October 2021 detached price in the Mid Devon local authority area. The most recent EPC inspection was February 2013, where the current energy rating was C, and the potential energy rating was B.

PENROSE HOUSE Sold Prices

Land registry data shows two sales for PENROSE 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 PENROSE HOUSE sales were for above 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 28 OCT	£485,000	£417,759	16% above HPI
2020 16 DEC	£395,000	£373,452	6% above HPI

PENROSE 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 PENROSE HOUSE sales from December 2020 and October 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 December 2020 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the October 2021 sale, where it rises to 16% above the HPI. The line then continues to track at 16% above the HPI.

What might PENROSE HOUSE be worth now?

PENROSE HOUSE might now be worth an estimated £500,382.

This is based on house price inflation of 3.2%, between October 2021 and March 2025, 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 3.2% inflationary increase is applied to the most recent sale price for PENROSE HOUSE of £485,000 on 28th October 2021. For the value to have increased from £485,000 to £500,382 over the four years and seven months to March 2025, the following assumptions must hold true:

• The value of PENROSE HOUSE has moved in line with the HPI for detached houses in the Mid Devon local authority area.
• The October 2021 sale price of £485,000 represented a fair market value for the property.
• The size, condition, and specification of PENROSE HOUSE has not materially changed since October 2021.

How Large is PENROSE HOUSE?

PENROSE HOUSE is 147m² according to the EPC inspection conducted in February 2013. This puts it in the largest 20% of detached houses houses in Crediton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Crediton, and where PENROSE HOUSE lies on this distribution: 80% of detached houses houses are smaller than PENROSE HOUSE, and 20% of houses are larger. Note that EPC data is not available for all properties in Crediton.

PENROSE HOUSE: Plot and Title Map

PENROSE HOUSE sits on a plot of roughly 0.180 of an acre, or 729m². The below map shows the location of PENROSE 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 PENROSE 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 PENROSE HOUSE?

PENROSE HOUSE is located on PARK ROAD in CREDITON, in the EX17 postcode district. The below map shows the position of PENROSE HOUSE on PARK ROAD.