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

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

THE RETREAT is a very large extended detached house of 208m², built sometime between 1996 and 2002. It was last sold for £585,000 in March 2019, which was around 70% 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	£343,164	70% above HPI
2016 25 JUL	£500,000	£309,527	62% above HPI
2007 17 JUL	£430,000	£284,172	51% above HPI
2003 11 APR	£295,000	£216,446	36% 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 62% above the HPI. So the extrapolation line tracks at 62% above the HPI over time, until the March 2019 sale, where it rises to 70% above the HPI. The line then continues to track at 70% above the HPI.

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 in Crediton, based on EPC data. The below chart shows the distribution of detached houses by size in Crediton, and where THE RETREAT lies on this distribution: 96% of detached 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.