2, MENA PARK CLOSE, PAIGNTON, TQ4 7TA - £295,000

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 MENA PARK CLOSE is a large extended detached house of 118m², built sometime between 1983 and 1990, which could now be worth an estimated £380,108. It was last sold for £295,000 in February 2019, which was around 13% below the average February 2019 detached price in the Torbay local authority area. The most recent EPC inspection was November 2016, where the current energy rating was D, and the potential energy rating was B.

2 MENA PARK CLOSE Sold Prices

Land registry data shows three sales for 2 MENA PARK CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Torbay local authority area for the corresponding sale date. All of the three 2 MENA PARK CLOSE sales were 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
2019 27 FEB	£295,000	£337,558	13% below HPI
2017 26 JUN	£285,000	£325,626	12% below HPI
2001 22 OCT	£113,500	£158,016	28% below HPI

2 MENA PARK CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Torbay local authority area over time, sourced from the HPI. The three 2 MENA PARK CLOSE sales between October 2001 and February 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 June 2017 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the February 2019 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 2 MENA PARK CLOSE be worth now?

2 MENA PARK CLOSE might now be worth an estimated £380,108.

This is based on house price inflation of 28.9%, between February 2019 and February 2025, for detached houses, in the Torbay local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 28.9% inflationary increase is applied to the most recent sale price for 2 MENA PARK CLOSE of £295,000 on 27th February 2019. For the value to have increased from £295,000 to £380,108 over the six years to February 2025, the following assumptions must hold true:

• The value of 2 MENA PARK CLOSE has moved in line with the HPI for detached houses in the Torbay local authority area.
• The February 2019 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MENA PARK CLOSE has not materially changed since February 2019.

How Large is 2 MENA PARK CLOSE?

2 MENA PARK CLOSE is 118m², which includes one extension, according to the EPC inspection conducted in November 2016. This puts it in the largest 40% of detached houses houses in Paignton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Paignton, and where 2 MENA PARK CLOSE lies on this distribution: 62% of detached houses houses are smaller than 2 MENA PARK CLOSE, and 37% of houses are larger. Note that EPC data is not available for all properties in Paignton.

2 MENA PARK CLOSE: Plot and Title Map

2 MENA PARK CLOSE sits on a plot of roughly 0.067 of an acre, or 271m². The below map shows the location of 2 MENA PARK CLOSE, 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 MENA PARK CLOSE). 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 MENA PARK CLOSE?

2 MENA PARK CLOSE is located in PAIGNTON, in the TQ4 postcode district. The below map shows the position of No. 2 on MENA PARK CLOSE.