2, STEPS LANE, TORQUAY, TQ2 8NN - £290,000

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 STEPS LANE is a very small detached house of 75m², built sometime between 1950 and 1966. It was last sold for £290,000 in October 2019, which was around 13% below the average October 2019 detached price in the Torbay local authority area. The most recent EPC inspection was January 2014, where the current energy rating was D, and the potential energy rating was B.

2 STEPS LANE Sold Prices

Land registry data shows three sales for 2 STEPS LANE 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 STEPS LANE 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 29 OCT	£290,000	£333,056	13% below HPI
2014 18 AUG	£250,000	£275,842	9% below HPI
1995 10 APR	£78,500	£79,568	1% below HPI

2 STEPS LANE 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 STEPS LANE sales between April 1995 and October 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 August 2014 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the October 2019 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 2 STEPS LANE?

2 STEPS LANE is 75m² according to the EPC inspection conducted in January 2014. This puts it in the smallest 10% of detached houses in Torquay, based on EPC data. The below chart shows the distribution of detached houses by size in Torquay, and where 2 STEPS LANE lies on this distribution: 8% of detached houses are smaller than 2 STEPS LANE, and 91% of houses are larger. Note that EPC data is not available for all properties in Torquay.

2 STEPS LANE: Plot and Title Map

2 STEPS LANE sits on a plot of roughly 0.136 of an acre, or 551m². The below map shows the location of 2 STEPS LANE, 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 STEPS LANE). 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 STEPS LANE?

2 STEPS LANE is located in TORQUAY, in the TQ2 postcode district. The below map shows the position of No. 2 on STEPS LANE.