Help to Buy Valuation in Cheriton Bishop

The Help to Buy: Equity Loan scheme officially closed to new applications in October 2022 and to all completions by March 2023. However, if you purchased a property through Help to Buy, you will eventually need to arrange a formal valuation when the time comes to repay your equity loan, remortgage, or sell your property. This valuation must be carried out by a RICS-registered surveyor using Red Book standards, ensuring it is accurate, impartial, and professionally conducted.

In Cheriton Bishop, where property values have shown resilience with a 23% increase on the previous year according to Rightmove data, getting an accurate valuation is crucial. The village has seen various property types come through the market, from traditional thatched cottages to new builds. Our valuers take all these factors into account, considering the local amenities including the primary school, village shop, and the Old Thatch Inn pub, as well as the village's excellent position for commuting to Exeter.

The valuation report must be addressed to Homes England and include at least three comparable properties of similar type, size, and age within a 2-mile radius. For properties in Cheriton Bishop, this may include recent sales in the EX6 area, with comparable properties potentially drawn from neighbouring villages or the nearby town of Crediton. Our valuers ensure every report meets these strict requirements while providing you with a clear understanding of your property's current market position.

• RICS Red Book compliant valuation
• Addressed to Homes England
• Minimum 3 comparable property sales
• Independent and unbiased assessment

Cheriton Bishop has experienced notable activity in the property market, with recent data showing properties are selling well in the area. The village offers a compelling mix of rural charm and practical amenities, making it attractive to families and commuters alike. The new development by bunnyhomes at Church Lane, featuring 3 and 4-bedroom homes and 2 and 3-bedroom bungalows from their Georgian-inspired Craft Collection, represents the latest addition to the local housing stock. This development includes sixty parking spaces, air source heat pumps, and electric vehicle charging points, reflecting modern buyer expectations.

The village sits perfectly positioned for those working in Exeter while seeking a quieter rural lifestyle. With trails leading into Dartmoor and the local countryside providing excellent walking and cycling opportunities, Cheriton Bishop appeals to outdoor enthusiasts. The presence of a primary school, village shop, post office, and doctor's surgery means daily essentials are easily accessible without needing to travel to larger towns. The Old Thatch Inn provides a local hub for community gatherings.

For property owners in Cheriton Bishop looking to understand their market position, understanding local trends is valuable. While Rightmove reports prices are 7% down from the 2022 peak of £490,143, the overall picture remains positive with a 23% increase on previous years. Whether you are in a traditional period property on the main street or a newer home in one of the recent developments, our valuation service provides the accurate market assessment you need for your Help to Buy requirements.

• Period properties (1800-1911)
• New build developments
• Village amenities
• Excellent transport links to Exeter

Understanding the construction of properties in Cheriton Bishop is essential for accurate valuations. The village is characterised by period houses built between 1800 and 1911, with traditional thatched cottages exemplifying rural Devonshire life. The parish church of St Mary, a central landmark, features a west tower and north aisle built of ashlar-granite, showcasing the local stone that appears in many historic buildings around the village.

More recent construction, such as the bunnyhomes development at Church Lane, features Georgian-inspired homes with classic white fully rendered exteriors and large sash-style windows. These modern builds incorporate contemporary features like air source heat pumps and electric vehicle charging points, reflecting current building regulations and buyer preferences. When we value properties in Cheriton Bishop, we take account of these construction differences, as they significantly affect both value and mortgageability.

The dominant property type on the main village street consists of 111 houses, 11 flats, and 92 other properties, with period houses representing the largest segment. This mix of older and newer properties means our valuers must apply different approaches when assessing comparable sales, considering that a renovated period cottage may command a premium over a property requiring modernisation. We factor in the condition of traditional features like thatched roofs, which require specialist maintenance, when determining market value.

• Period houses (1800-1911)
• Thatched cottages
• Georgian-inspired new builds
• Rendered modern homes

When valuing properties in Cheriton Bishop, we consider several area-specific factors that affect market value. The village sits within easy reach of Exeter, making it popular with commuters who want to escape city life while maintaining reasonable travel times. Properties with good broadband connectivity and home-working potential tend to command premium values, reflecting how working patterns have changed since the pandemic.

The surrounding countryside and access to Dartmoor are significant value drivers for Cheriton Bishop properties. Homes with views across the Devon hills, access to public footpaths, or proximity to the moorland trails typically attract buyers willing to pay more for that rural lifestyle. We note these features in our valuations as they directly influence what buyers are prepared to pay in the current market.

Flood risk is generally low in Cheriton Bishop, with a planning officer's report for recent developments concluding there would be no adverse impact on local flood risk. However, we always inspect individual properties for any signs of damp, subsidence, or other issues that might affect value. The presence of a conservation area notification for trees near Church Lane indicates the village has designated heritage considerations that can affect certain properties.

Properties in Cheriton Bishop may also be affected by the village's agricultural heritage, with some older properties having associated land or outbuildings that add to their value. We assess these additional features carefully, considering whether they contribute to the overall market value or might require separate valuation. Our local knowledge means we understand how these rural factors translate into pound signs.