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

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

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 19% 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. The four RIDGE COTTAGE sales were a mix of above the average price, and roughly equal to 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	£417,414	19% above HPI
2017 26 MAY	£355,000	£319,043	11% above HPI
2015 4 DEC	£310,000	£308,873	Close to HPI
2003 25 JUL	£273,000	£210,054	30% 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 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the December 2021 sale, where it rises to 19% above the HPI. The line then continues to track at 19% above the HPI.

How Large is RIDGE COTTAGE?

RIDGE COTTAGE is 155m² according to the EPC inspection conducted in March 2014. This puts it in the largest 30% of detached houses in Morchard Bishop, based on EPC data. The below chart shows the distribution of detached houses by size in Morchard Bishop, and where RIDGE COTTAGE lies on this distribution: 70% of detached houses are smaller than RIDGE COTTAGE, and 30% 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.