READING ROOM COTTAGE, CHURCH STREET, ERMINGTON, IVYBRIDGE, PL21 9NJ - £170,000

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

READING ROOM COTTAGE is a very small extended detached house of 66m², built sometime before 1900. It was last sold for £170,000 in August 2011, which was around 55% below the average August 2011 detached price in the South Hams local authority area. The most recent EPC inspection was May 2011, where the current energy rating was E, and the potential energy rating was D.

READING ROOM COTTAGE Sold Prices

Land registry data shows three sales for READING ROOM 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 READING ROOM 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
2011 12 AUG	£170,000	£378,178	55% below HPI
2003 17 NOV	£170,000	£272,265	38% below HPI
2000 20 OCT	£89,000	£167,155	47% below HPI

READING ROOM 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 READING ROOM COTTAGE sales between October 2000 and August 2011 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 November 2003 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the August 2011 sale, where it falls to 55% below the HPI. The line then continues to track at 55% below the HPI.

How Large is READING ROOM COTTAGE?

READING ROOM COTTAGE is 66m², which includes one extension, according to the EPC inspection conducted in May 2011. 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 READING ROOM COTTAGE lies on this distribution: 7% of detached houses are smaller than READING ROOM COTTAGE, and 93% of houses are larger. Note that EPC data is not available for all properties in Ermington.

READING ROOM COTTAGE: Plot and Title Map

READING ROOM COTTAGE sits on a plot of roughly 0.028 of an acre, or 113m². The below map shows the location of READING ROOM 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 READING ROOM 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 READING ROOM COTTAGE?

READING ROOM COTTAGE is located on CHURCH STREET in ERMINGTON, in the PL21 postcode district. The below map shows the position of READING ROOM COTTAGE on CHURCH STREET.