PENROSE, PARK ROAD, CREDITON, EX17 3ET - £265,000

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

PENROSE is a small detached house of 85m², built sometime between 1967 and 1975. It was last sold for £265,000 in December 2019, which was around 23% below the average December 2019 detached price in the Mid Devon local authority area. The most recent EPC inspection was March 2019, where the current energy rating was D, and the potential energy rating was C.

PENROSE Sold Prices

Land registry data shows two sales for PENROSE 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 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
2019 11 DEC	£265,000	£343,954	23% below HPI
2008 30 MAY	£190,000	£276,394	31% below HPI

PENROSE 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 sales from May 2008 and December 2019 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 May 2008 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the December 2019 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is PENROSE?

PENROSE is 85m² according to the EPC inspection conducted in March 2019. This puts it in the smallest 30% of detached houses in Crediton, based on EPC data. The below chart shows the distribution of detached houses by size in Crediton, and where PENROSE lies on this distribution: 21% of detached houses are smaller than PENROSE, and 78% of houses are larger. Note that EPC data is not available for all properties in Crediton.

PENROSE: Plot and Title Map

PENROSE sits on a plot of roughly 0.106 of an acre, or 428m². The below map shows the location of PENROSE, 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). 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?

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