Crediton

Area Guide For Crediton

Crediton is a town and common area in the Mid Devon region of Devon in England. It remains on the A377 Exeter to Barnstaple street at the intersection with the A3072 street to Tiverton, around 7 miles (11 km) north west of Exeter. It has a populace of 6,837. The town is arranged in the thin vale of the River Creedy, between two precarious slopes and is isolated into two sections, the east or old town and the west or new town. The town committee has direct obligation regarding a few structures and properties, for example, the War Memorial and contiguous transport protect, the Boniface Statue, the Bandstand, Upper Deck, the Millennium Cross, People's Park and a field at Stoney Park . The Council offers obligation or works in association with the two main powers on different issues, for example, the system of open trails and the procurement of yearly bloom shows. The Council additionally deals with three allocation destinations in conjunction with the Boniface Allotments Association.

 
 

Crediton Map

Estimated Price: £277,229
Average Asking Price: £268,398
Price change in last one year: £14,854
Average Price Paid: £226,485
Average Rent Rates: £688

 
 

Property Prices Breakdown in Crediton

Average Price for property in Crediton is around £277,229 which varies based on type of property you are interested in and ranges from £376,534 for detached house to around £230,376 for semi-detached. Similarly terraced house is around £184,223 and a flat is worth £114,436. Values have been changing and have risen £831 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,035 in last 6 months, £14,854 in last 1 year, £25,417 in last 2 years, £26,840 in last 3 years, £28,947 in last 4 years and £35,200 in last 5 years.

Currently average asking price of a property in Crediton is around £268,398 based on approximately 229 properties for sale. Same is the case with rental options based on 59 properties up for rent, average asking rent is around £688 per month.

Estimated property value in Crediton is £277,229. Average asking price is £268,398 while average price paid is £237,093 which is up by £14,854 and Avg. asking rent £688.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Crediton area. In last 1 year alone average price buyer paid is around £237,093 based on approximately 229 sales in Crediton area alone. If you compare it to last 3 years sales of 792 properties where buyers paid around £229,266. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £226,485 for 1,381 and average amount paid for purchase of approx. 1,930 properties sold in last 7 years comes to about £221,516 per sale.

 
 

Properties For Sale in Crediton

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £113,725, £172,256 for a 2 bedroom house, £232,357 for a 3 bedroom house, £329,630 for a 4 bedroom house and £424,611 for a 5 bedroom house. For a flat similarly the prices varies from £76,969 for a single bedroom to £69,720 for a 2 bedroom Flat. To sum up the asking prices for properties in Crediton it comes to around average £93,305 for 1 bedroom property, £168,155 for 2 bedroom, £232,357 for 3 bedroom, £329,630 for 4 bedroom and £424,611 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £616 for 2 bedroom to £799 for 3 bedroom, £867 for 4 bedroom and £1,041 for 5 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £446. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £561. You should be generally be expecting around average £446 rent per month for single bedroom property, £601 for 2 bedroom, £799 for 3 bedroom, £867 for 4 bedroom and approximately £1,041 for a 5 bedroom property in Crediton area.

Popular Houses in Crediton

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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