2, THE RIDINGS, CREDITON, EX17 2FA - £535,000

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.

2 THE RIDINGS is a large detached house of 143m², which could now be worth an estimated £510,088. It was last sold for £535,000 in May 2023, which was around 18% above the average May 2023 detached price in the Mid Devon local authority area. The most recent EPC inspection was September 2019, where the current energy rating was B, and the potential energy rating was B.

2 THE RIDINGS Sold Prices

Land registry data shows two sales for 2 THE RIDINGS 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 2 THE RIDINGS sales was for above the average price, whilst the other was 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
2023 12 MAY	£535,000	£452,058	18% above HPI
2015 2 OCT	£100,000	£322,088	69% below HPI

2 THE RIDINGS 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 2 THE RIDINGS sales from October 2015 and May 2023 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 October 2015 sale was for 69% below the HPI. So the extrapolation line tracks at 69% below the HPI over time, until the May 2023 sale, where it rises to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might 2 THE RIDINGS be worth now?

2 THE RIDINGS might now be worth an estimated £510,088.

This is based on house price deflation of 4.7%, between May 2023 and March 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 4.7% deflationary decrease is applied to the most recent sale price for 2 THE RIDINGS of £535,000 on 12th May 2023. For the value to have decreased from £535,000 to £510,088 over the two years and two months to March 2025, the following assumptions must hold true:

• The value of 2 THE RIDINGS has moved in line with the HPI for detached houses in the Mid Devon local authority area.
• The May 2023 sale price of £535,000 represented a fair market value for the property.
• The size, condition, and specification of 2 THE RIDINGS has not materially changed since May 2023.

How Large is 2 THE RIDINGS?

2 THE RIDINGS is 143m² according to the EPC inspection conducted in September 2019. This puts it in the largest 30% 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 2 THE RIDINGS lies on this distribution: 77% of detached houses houses are smaller than 2 THE RIDINGS, and 23% of houses are larger. Note that EPC data is not available for all properties in Crediton.

2 THE RIDINGS: Plot and Title Map

2 THE RIDINGS sits on a plot of roughly 0.072 of an acre, or 291m². The below map shows the location of 2 THE RIDINGS, 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 2 THE RIDINGS). 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 2 THE RIDINGS?

2 THE RIDINGS is located in CREDITON, in the EX17 postcode district. The below map shows the position of No. 2 on THE RIDINGS.