2, PETROC DRIVE, NEWTON ABBOT, TQ12 2LT - £600,000

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 PETROC DRIVE is a very large extended detached house of 256m², built sometime between 2003 and 2006. It was last sold for £600,000 in March 2014, which was around 102% above the average March 2014 detached price in the Teignbridge local authority area. The most recent EPC inspection was August 2013, where the current energy rating was C, and the potential energy rating was B.

2 PETROC DRIVE Sold Prices

Land registry data shows two sales for 2 PETROC DRIVE 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. Both of the two 2 PETROC DRIVE sales were 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
2014 12 MAR	£600,000	£296,683	102% above HPI
2004 25 AUG	£530,000	£258,331	105% above HPI

2 PETROC DRIVE 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 PETROC DRIVE sales from August 2004 and March 2014 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 August 2004 sale was for 105% above the HPI. So the extrapolation line tracks at 105% above the HPI over time, until the March 2014 sale, where it falls to 102% above the HPI. The line then continues to track at 102% above the HPI.

How Large is 2 PETROC DRIVE?

2 PETROC DRIVE is 256m², which includes one extension, according to the EPC inspection conducted in August 2013. This puts it in the largest 10% of detached houses in Newton Abbot, based on EPC data. The below chart shows the distribution of detached houses by size in Newton Abbot, and where 2 PETROC DRIVE lies on this distribution: 98% of detached houses are smaller than 2 PETROC DRIVE, and 2% of houses are larger. Note that EPC data is not available for all properties in Newton Abbot.

2 PETROC DRIVE: Plot and Title Map

2 PETROC DRIVE sits on a plot of roughly 0.191 of an acre, or 771m². The below map shows the location of 2 PETROC DRIVE, 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 PETROC DRIVE). 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 PETROC DRIVE?

2 PETROC DRIVE is located in NEWTON ABBOT, in the TQ12 postcode district. The below map shows the position of No. 2 on PETROC DRIVE.