POST OFFICE COTTAGE, THE SQUARE, ERMINGTON, IVYBRIDGE, PL21 9LP - £310,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

POST OFFICE COTTAGE is a very small detached house of 61m², built sometime before 1900. It was last sold for £310,000 in January 2022, which was around 45% below the average January 2022 detached price in the South Hams local authority area. The most recent EPC inspection was July 2017, where the current energy rating was F, and the potential energy rating was B.

POST OFFICE COTTAGE Sold Prices

Land registry data shows three sales for POST OFFICE COTTAGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Hams local authority area for the corresponding sale date. All of the three POST OFFICE 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
2022 21 JAN	£310,000	£558,979	45% below HPI
2017 28 SEP	£214,000	£429,692	50% below HPI
2003 23 JUL	£145,000	£274,501	47% below HPI

POST OFFICE COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Hams local authority area over time, sourced from the HPI. The three POST OFFICE COTTAGE sales between July 2003 and January 2022 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 2017 sale was for 50% below the HPI. So the extrapolation line tracks at 50% below the HPI over time, until the January 2022 sale, where it rises to 45% below the HPI. The line then continues to track at 45% below the HPI.

How Large is POST OFFICE COTTAGE?

POST OFFICE COTTAGE is 61m² according to the EPC inspection conducted in July 2017. This puts it in the smallest 10% of detached houses in Ermington, based on EPC data. The below chart shows the distribution of detached houses by size in Ermington, and where POST OFFICE COTTAGE lies on this distribution: 3% of detached houses are smaller than POST OFFICE COTTAGE, and 97% of houses are larger. Note that EPC data is not available for all properties in Ermington.

POST OFFICE COTTAGE: Plot and Title Map

POST OFFICE COTTAGE sits on a plot of roughly 0.057 of an acre, or 229m². The below map shows the location of POST OFFICE 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 POST OFFICE 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 POST OFFICE COTTAGE?

POST OFFICE COTTAGE is located on THE SQUARE in ERMINGTON, in the PL21 postcode district. The below map shows the position of POST OFFICE COTTAGE on THE SQUARE.