RIDGEMANS, JERICHO STREET, THORVERTON, EXETER, EX5 5PA - £345,000

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

RIDGEMANS is a very small detached house of 92m², built sometime between 1967 and 1975. It was last sold for £345,000 in May 2024, which was around 20% below the average May 2024 detached price in the Mid Devon local authority area. The most recent EPC inspection was June 2023, where the current energy rating was B, and the potential energy rating was A.

RIDGEMANS Sold Prices

Land registry data shows two sales for RIDGEMANS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Mid Devon local authority area for the corresponding sale date. One of the two RIDGEMANS sales was for below the average price, whilst the other was 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
2024 20 MAY	£345,000	£432,275	20% below HPI
2003 7 FEB	£262,500	£202,357	30% above HPI

RIDGEMANS 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 two RIDGEMANS sales from February 2003 and May 2024 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 February 2003 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the May 2024 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is RIDGEMANS?

RIDGEMANS is 92m² according to the EPC inspection conducted in June 2023. This puts it in the smallest 10% of detached houses in Thorverton, based on EPC data. The below chart shows the distribution of detached houses by size in Thorverton, and where RIDGEMANS lies on this distribution: 7% of detached houses are smaller than RIDGEMANS, and 91% of houses are larger. Note that EPC data is not available for all properties in Thorverton.

RIDGEMANS: Plot and Title Map

RIDGEMANS sits on a plot of roughly 0.272 of an acre, or 1,100m². The below map shows the location of RIDGEMANS, 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 RIDGEMANS). 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 RIDGEMANS?

RIDGEMANS is located on JERICHO STREET in THORVERTON, in the EX5 postcode district. The below map shows the position of RIDGEMANS on JERICHO STREET.