2, NEW ROAD, BUCKFASTLEIGH, TQ11 0AJ - £315,000

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 NEW ROAD is a very large detached house of 169m², built sometime before 1900, which could now be worth an estimated £400,501. It was last sold for £315,000 in February 2019, which was around 14% below the average February 2019 detached price in the Teignbridge local authority area. The most recent EPC inspection was September 2018, where the current energy rating was E, and the potential energy rating was C.

2 NEW ROAD Sold Prices

Land registry data shows two sales for 2 NEW ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Teignbridge local authority area for the corresponding sale date. One of the two 2 NEW ROAD sales was for below the average price, whilst the other was for above 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 8 FEB	£315,000	£367,667	14% below HPI
1997 13 MAY	£113,500	£88,573	28% above HPI

2 NEW ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Teignbridge local authority area over time, sourced from the HPI. The two 2 NEW ROAD sales from May 1997 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 May 1997 sale was for 28% above the HPI. So the extrapolation line tracks at 28% above the HPI over time, until the February 2019 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 2 NEW ROAD be worth now?

2 NEW ROAD might now be worth an estimated £400,501.

This is based on house price inflation of 27.1%, between February 2019 and February 2025, for detached houses, in the Teignbridge local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 27.1% inflationary increase is applied to the most recent sale price for 2 NEW ROAD of £315,000 on 8th February 2019. For the value to have increased from £315,000 to £400,501 over the six years to February 2025, the following assumptions must hold true:

• The value of 2 NEW ROAD has moved in line with the HPI for detached houses in the Teignbridge local authority area.
• The February 2019 sale price of £315,000 represented a fair market value for the property.
• The size, condition, and specification of 2 NEW ROAD has not materially changed since February 2019.

How Large is 2 NEW ROAD?

2 NEW ROAD is 169m² according to the EPC inspection conducted in September 2018. This puts it in the largest 20% of detached houses houses in Buckfastleigh, based on EPC data. The below chart shows the distribution of detached houses houses by size in Buckfastleigh, and where 2 NEW ROAD lies on this distribution: 90% of detached houses houses are smaller than 2 NEW ROAD, and 10% of houses are larger. Note that EPC data is not available for all properties in Buckfastleigh.

2 NEW ROAD: Plot and Title Map

2 NEW ROAD sits on a plot of roughly 0.141 of an acre, or 571m². The below map shows the location of 2 NEW ROAD, 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 NEW ROAD). 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 NEW ROAD?

2 NEW ROAD is located in BUCKFASTLEIGH, in the TQ11 postcode district. The below map shows the position of No. 2 on NEW ROAD.