SHEEPLEAS, ZEAL MONACHORUM, CREDITON, EX17 6DG - £250,000

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

SHEEPLEAS is a small detached house of 96m², built sometime between 1967 and 1975. It was last sold for £250,000 in January 2013, which was around 11% below the average January 2013 detached price in the Mid Devon local authority area. The most recent EPC inspection was February 2014, where the current energy rating was F, and the potential energy rating was B.

SHEEPLEAS Sold Prices

Land registry data shows four sales for SHEEPLEAS 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 SHEEPLEAS 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
2013 15 JAN	£250,000	£281,212	11% below HPI
2009 29 MAY	£280,000	£257,480	9% above HPI
2002 2 DEC	£185,000	£204,489	10% below HPI
1996 23 AUG	£77,000	£85,295	10% below HPI

SHEEPLEAS 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 SHEEPLEAS sales between August 1996 and January 2013 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 2009 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the January 2013 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might SHEEPLEAS be worth now?

SHEEPLEAS might now be worth an estimated £386,483.

This is based on house price inflation of 54.6%, between January 2013 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 54.6% inflationary increase is applied to the most recent sale price for SHEEPLEAS of £250,000 on 15th January 2013. For the value to have increased from £250,000 to £386,483 over the ten years and one month to December 2024, the following assumptions must hold true:

• The value of SHEEPLEAS has moved in line with the HPI for detached houses in the Mid Devon local authority area.
• The January 2013 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of SHEEPLEAS has not materially changed since January 2013.

How Large is SHEEPLEAS?

SHEEPLEAS is 96m² according to the EPC inspection conducted in February 2014. This puts it in the smallest 30% of detached houses houses in Zeal Monachorum, based on EPC data. The below chart shows the distribution of detached houses houses by size in Zeal Monachorum, and where SHEEPLEAS lies on this distribution: 21% of detached houses houses are smaller than SHEEPLEAS, and 79% of houses are larger. Note that EPC data is not available for all properties in Zeal Monachorum.

SHEEPLEAS: Plot and Title Map

SHEEPLEAS sits on a plot of roughly 0.274 of an acre, or 1,110m². The below map shows the location of SHEEPLEAS, 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 SHEEPLEAS). 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 SHEEPLEAS?

SHEEPLEAS is located in ZEAL MONACHORUM, in the EX17 postcode district. The below map shows the position of SHEEPLEAS in ZEAL MONACHORUM.