2, THATCHER DRIVE, TEIGNMOUTH, TQ14 8RL - £340,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 THATCHER DRIVE is a very small detached house of 74m², built sometime between 1950 and 1966, which could now be worth an estimated £427,196. It was last sold for £340,000 in December 2018, which was around 9% below the average December 2018 detached price in the Teignbridge local authority area. The most recent EPC inspection was April 2012, where the current energy rating was E, and the potential energy rating was B.

2 THATCHER DRIVE Sold Prices

Land registry data shows four sales for 2 THATCHER DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Teignbridge local authority area for the corresponding sale date. All of the four 2 THATCHER DRIVE 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
2018 10 DEC	£340,000	£372,048	9% below HPI
2016 7 MAR	£315,000	£335,630	6% below HPI
2012 26 NOV	£249,950	£291,588	14% below HPI
2006 30 AUG	£205,000	£291,857	30% below HPI

2 THATCHER 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 four 2 THATCHER DRIVE sales between August 2006 and December 2018 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 March 2016 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the December 2018 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 2 THATCHER DRIVE be worth now?

2 THATCHER DRIVE might now be worth an estimated £427,196.

This is based on house price inflation of 25.6%, between December 2018 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 25.6% inflationary increase is applied to the most recent sale price for 2 THATCHER DRIVE of £340,000 on 10th December 2018. For the value to have increased from £340,000 to £427,196 over the seven years and ten months to February 2025, the following assumptions must hold true:

• The value of 2 THATCHER DRIVE has moved in line with the HPI for detached houses in the Teignbridge local authority area.
• The December 2018 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of 2 THATCHER DRIVE has not materially changed since December 2018.

How Large is 2 THATCHER DRIVE?

2 THATCHER DRIVE is 74m² according to the EPC inspection conducted in April 2012. This puts it in the smallest 20% of detached houses houses in Teignmouth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Teignmouth, and where 2 THATCHER DRIVE lies on this distribution: 18% of detached houses houses are smaller than 2 THATCHER DRIVE, and 82% of houses are larger. Note that EPC data is not available for all properties in Teignmouth.

2 THATCHER DRIVE: Plot and Title Map

2 THATCHER DRIVE sits on a plot of roughly 0.109 of an acre, or 442m². The below map shows the location of 2 THATCHER 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 THATCHER 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 THATCHER DRIVE?

2 THATCHER DRIVE is located in TEIGNMOUTH, in the TQ14 postcode district. The below map shows the position of No. 2 on THATCHER DRIVE.