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Crediton House Prices Crediton House Prices

The average house price in Crediton is £261,666 using HM Land Registry data.

The average property price increased by £94,429 (41.26%) over the last 5 years and increased by £18,873 (6.2%) over the last 12 months.

Over the last year, there were 100 residential property sales – a decrease of 30 transactions (-30.00%) relative to the previous year. The majority of house sales (24) were in the £130,000 - £202,000 range. Then came properties in the £202,000 - £274,000 range, where 18 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 113 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-5,266 (-1%).

In April 2024, there were 21 new estate agency instructions, 11 agreed home sales and 11 property price reductions.

Postcodes Covered: EX17

5-Year Average Property Prices in Crediton

41.26%

Property prices in Crediton increased by 41.26% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Crediton Over the Last Year

6.2%

Property prices in Crediton increased by 6.2% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for Crediton - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Crediton

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Crediton

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Crediton

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Crediton since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Crediton area since 1995.

Recent Property Sales in Crediton

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
Roslea, Western Road, Crediton, Devon, EX17 3ND£299,950£299,950£0003 May 202322 Feb 2024295 Days
29 Butt Parks, Crediton, Devon, EX17 3HF£200,000£200,000£0009 Nov 202331 Jan 202483 Days
21 Westernlea, Crediton, Devon, EX17 3JQ£295,000£285,000-£10,00010 Nov 202319 Jan 202470 Days
4 Tuckers Meadow, Crediton, Devon, EX17 3NT£285,000£282,500-£2,50011 Sep 202305 Jan 2024116 Days
18 Victoria Crescent, Crediton, Devon, EX17 1DZ£295,000£260,000-£35,00028 Jun 202308 Dec 2023163 Days
15 Westwood Close, Crediton, Devon, EX17 3NJ£325,000£325,000£0014 Sep 202304 Dec 202381 Days
South View, Park Street, Crediton, Devon, EX17 3HL£375,000£351,500-£23,50028 Sep 202223 Nov 2023421 Days
19 Threshers, Crediton, Devon, EX17 3NS£200,000£200,000£0019 Jun 202301 Nov 2023135 Days
6 Okefield Ridge, Crediton, Devon, EX17 2EG£495,000£482,500-£12,50003 Apr 202325 Sep 2023175 Days
70 Queen Elizabeth Drive, Crediton, Devon, EX17 2EJ£300,000£280,000-£20,00010 Mar 202322 Sep 2023196 Days
Flat 23, Redvers House, Union Road, Crediton, Devon, EX17 3AW£84,950£84,950£0024 Apr 202313 Sep 2023142 Days
East View, Buller Road, Crediton, Devon, EX17 2AX£435,000£435,000£0014 Mar 202318 Aug 2023157 Days
Flat 25, Redvers House, Union Road, Crediton, Devon, EX17 3AW£87,500£83,000-£4,50012 Sep 202217 Aug 2023339 Days
Ravensworth, Peoples Park Road, Crediton, Devon, EX17 2DA£575,000£550,000-£25,00017 Mar 202321 Jul 2023126 Days
Nedlands, Alexandra Road, Crediton, Devon, EX17 2DH£425,000£415,000-£10,00027 Mar 202328 Jun 202393 Days
Wilma, Broad Close, Crediton, Devon, EX17 3NQ£360,000£360,000£0026 Oct 202207 Jun 2023224 Days
Flat 26, Redvers House, Union Road, Crediton, Devon, EX17 3AW£95,000£92,000-£3,00005 Oct 202219 May 2023226 Days
4 North Street, Crediton, Devon, EX17 2BT£157,000£140,000-£17,00031 Jan 202211 May 2023465 Days
4 Park Street, Crediton, Devon, EX17 3HL£240,000£230,000-£10,00004 Oct 202204 May 2023212 Days
27 Downeshead Lane, Crediton, Devon, EX17 1HH£475,000£470,000-£5,00011 Nov 202231 Mar 2023140 Days

Most Expensive Streets in Crediton

PostcodeStreetAreaAverageNo. of Sales
EX17 2DAPeoples Park RoadCrediton£510,0004
EX17 3FJWentworth GardensCrediton£481,86522
EX17 2ENJocelyn MeadCrediton£480,0003
EX17 3NFWestern RoadCrediton£479,0003
EX17 2DZAlexandra RoadCrediton£470,0717
EX17 2ETSouthfield DriveCrediton£432,0003
EX17 3DBFordtonCrediton£430,5004
EX17 2DNOkefield RoadCrediton£412,8005
EX17 2DHAlexandra RoadCrediton£403,3333
EX17 2AABelle ParadeCrediton£401,3503

Least Expensive Streets in Crediton

PostcodeStreetAreaAverageNo. of Sales
EX17 3AWUnion RoadCrediton£90,99613
EX17 3JPHigh StreetCrediton£99,0003
EX17 3DWKirton DriveCrediton£99,52715
EX17 3BXDartmoor Railway MewsCrediton£104,3333
EX17 3RDThe LodgeWestern Road£106,3336
EX17 2BTThe MewsCrediton£117,3333
EX17 3EWDean StreetCrediton£123,1663
EX17 3LEThe MewsBelle Court£134,6663
EX17 3DPAlexander CourtExeter Road£142,4705
EX17 2ATSearle StreetCrediton£146,7183

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