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

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

POST OFFICE COTTAGE is a very small detached house of 61m², built sometime before 1900, which could now be worth an estimated £313,282. It was last sold for £310,000 in January 2022, which was around 46% 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	£569,632	46% below HPI
2017 28 SEP	£214,000	£437,881	51% below HPI
2003 23 JUL	£145,000	£279,732	48% 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 51% below the HPI. So the extrapolation line tracks at 51% below the HPI over time, until the January 2022 sale, where it rises to 46% below the HPI. The line then continues to track at 46% below the HPI.

What might POST OFFICE COTTAGE be worth now?

POST OFFICE COTTAGE might now be worth an estimated £313,282.

This is based on house price inflation of 1.1%, between January 2022 and December 2024, for detached houses, in the South Hams local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1.1% inflationary increase is applied to the most recent sale price for POST OFFICE COTTAGE of £310,000 on 21st January 2022. For the value to have increased from £310,000 to £313,282 over the one year and one month to December 2024, the following assumptions must hold true:

• The value of POST OFFICE COTTAGE has moved in line with the HPI for detached houses in the South Hams local authority area.
• The January 2022 sale price of £310,000 represented a fair market value for the property.
• The size, condition, and specification of POST OFFICE COTTAGE has not materially changed since January 2022.

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 houses in Ermington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ermington, and where POST OFFICE COTTAGE lies on this distribution: 3% of detached houses 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.