RIDGE COTTAGE, CHURCH STREET, MORCHARD BISHOP, CREDITON, EX17 6PJ - £495,750

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

RIDGE COTTAGE is a large detached house of 155m², built sometime before 1900. It was last sold for £495,750 in December 2021, which was around 15% above the average December 2021 detached price in the Mid Devon local authority area. The most recent EPC inspection was March 2014, where the current energy rating was E, and the potential energy rating was B.

RIDGE COTTAGE Sold Prices

Land registry data shows four sales for RIDGE COTTAGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Mid Devon local authority area for the corresponding sale date. Most of the four RIDGE COTTAGE 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 3 DEC	£495,750	£432,103	15% above HPI
2017 26 MAY	£355,000	£330,271	7% above HPI
2015 4 DEC	£310,000	£319,742	3% below HPI
2003 25 JUL	£273,000	£217,446	26% above HPI

RIDGE COTTAGE 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 four RIDGE COTTAGE sales between July 2003 and December 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 May 2017 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the December 2021 sale, where it rises to 15% above the HPI. The line then continues to track at 15% above the HPI.

What might RIDGE COTTAGE be worth now?

RIDGE COTTAGE might now be worth an estimated £498,770.

This is based on house price inflation of 0.6%, between December 2021 and December 2024, 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 0.6% inflationary increase is applied to the most recent sale price for RIDGE COTTAGE of £495,750 on 3rd December 2021. For the value to have increased from £495,750 to £498,770 over the three years to December 2024, the following assumptions must hold true:

• The value of RIDGE COTTAGE has moved in line with the HPI for detached houses in the Mid Devon local authority area.
• The December 2021 sale price of £495,750 represented a fair market value for the property.
• The size, condition, and specification of RIDGE COTTAGE has not materially changed since December 2021.

How Large is RIDGE COTTAGE?

RIDGE COTTAGE is 155m² according to the EPC inspection conducted in March 2014. This puts it in the largest 40% of detached houses houses in Morchard Bishop, based on EPC data. The below chart shows the distribution of detached houses houses by size in Morchard Bishop, and where RIDGE COTTAGE lies on this distribution: 69% of detached houses houses are smaller than RIDGE COTTAGE, and 31% of houses are larger. Note that EPC data is not available for all properties in Morchard Bishop.

RIDGE COTTAGE: Plot and Title Map

RIDGE COTTAGE sits on a plot of roughly 0.192 of an acre, or 776m². The below map shows the location of RIDGE 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 RIDGE 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 RIDGE COTTAGE?

RIDGE COTTAGE is located on CHURCH STREET in MORCHARD BISHOP, in the EX17 postcode district. The below map shows the position of RIDGE COTTAGE on CHURCH STREET.