2, PARKES ROAD, TORRINGTON, EX38 7NW - £200,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 PARKES ROAD is a very small detached house of 62m², built sometime between 1976 and 1982. It was last sold for £200,000 in August 2019, which was around 40% below the average August 2019 detached price in the Torridge local authority area. The most recent EPC inspection was May 2016, where the current energy rating was C, and the potential energy rating was B.

2 PARKES ROAD Sold Prices

Land registry data shows four sales for 2 PARKES ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Torridge local authority area for the corresponding sale date. All of the four 2 PARKES ROAD 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 9 AUG	£200,000	£335,319	40% below HPI
2018 29 MAY	£200,000	£327,997	39% below HPI
2016 14 NOV	£195,000	£299,011	35% below HPI
2005 6 JUL	£182,500	£253,561	28% below HPI

2 PARKES ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Torridge local authority area over time, sourced from the HPI. The four 2 PARKES ROAD sales between July 2005 and August 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 2018 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the August 2019 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is 2 PARKES ROAD?

2 PARKES ROAD is 62m² according to the EPC inspection conducted in May 2016. This puts it in the smallest 10% of detached houses in Great Torrington, based on EPC data. The below chart shows the distribution of detached houses by size in Great Torrington, and where 2 PARKES ROAD lies on this distribution: 6% of detached houses are smaller than 2 PARKES ROAD, and 93% of houses are larger. Note that EPC data is not available for all properties in Great Torrington.

2 PARKES ROAD: Plot and Title Map

2 PARKES ROAD sits on a plot of roughly 0.110 of an acre, or 445m². The below map shows the location of 2 PARKES 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 PARKES 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 PARKES ROAD?

2 PARKES ROAD is located in TORRINGTON, in the EX38 postcode district. The below map shows the position of No. 2 on PARKES ROAD.