THE RETREAT, WESTERN ROAD, CREDITON, EX17 3NF - £585,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

THE RETREAT is a very large extended detached house of 208m², built sometime between 1996 and 2002, which could now be worth an estimated £694,464. It was last sold for £585,000 in March 2019, which was around 65% above the average March 2019 detached price in the Mid Devon local authority area. The most recent EPC inspection was March 2016, where the current energy rating was D, and the potential energy rating was C.

THE RETREAT Sold Prices

Land registry data shows four sales for THE RETREAT 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. All of the four THE RETREAT 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
2019 25 MAR	£585,000	£355,240	65% above HPI
2016 25 JUL	£500,000	£320,420	56% above HPI
2007 17 JUL	£430,000	£294,172	46% above HPI
2003 11 APR	£295,000	£224,063	32% above HPI

THE RETREAT 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 THE RETREAT sales between April 2003 and March 2019 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 July 2016 sale was for 56% above the HPI. So the extrapolation line tracks at 56% above the HPI over time, until the March 2019 sale, where it rises to 65% above the HPI. The line then continues to track at 65% above the HPI.

What might THE RETREAT be worth now?

THE RETREAT might now be worth an estimated £694,464.

This is based on house price inflation of 18.7%, between March 2019 and February 2025, 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 18.7% inflationary increase is applied to the most recent sale price for THE RETREAT of £585,000 on 25th March 2019. For the value to have increased from £585,000 to £694,464 over the six years and one month to February 2025, the following assumptions must hold true:

• The value of THE RETREAT has moved in line with the HPI for detached houses in the Mid Devon local authority area.
• The March 2019 sale price of £585,000 represented a fair market value for the property.
• The size, condition, and specification of THE RETREAT has not materially changed since March 2019.

How Large is THE RETREAT?

THE RETREAT is 208m², which includes one extension, according to the EPC inspection conducted in March 2016. This puts it in the largest 10% of detached houses houses in Crediton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Crediton, and where THE RETREAT lies on this distribution: 96% of detached houses houses are smaller than THE RETREAT, and 4% of houses are larger. Note that EPC data is not available for all properties in Crediton.

THE RETREAT: Plot and Title Map

THE RETREAT sits on a plot of roughly 0.283 of an acre, or 1,145m². The below map shows the location of THE RETREAT, 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 THE RETREAT). 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 THE RETREAT?

THE RETREAT is located on WESTERN ROAD in CREDITON, in the EX17 postcode district. The below map shows the position of THE RETREAT on WESTERN ROAD.