2, VICTORY WAY, TORRINGTON, EX38 7AR - £420,000

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 VICTORY WAY is a very large detached house of 172m², built sometime between 2007 and 2011, which could now be worth an estimated £399,670. It was last sold for £420,000 in May 2023, which was about the average May 2023 detached price in the Torridge local authority area. The most recent EPC inspection was September 2022, where the current energy rating was B, and the potential energy rating was B.

2 VICTORY WAY Sold Prices

Land registry data shows two sales for 2 VICTORY WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Torridge local authority area for the corresponding sale date. One of the two 2 VICTORY WAY sales was roughly equal to 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
2023 16 MAY	£420,000	£419,731	Close to HPI
2007 26 JUN	£294,000	£259,348	13% above HPI

2 VICTORY WAY 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 two 2 VICTORY WAY sales from June 2007 and May 2023 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 June 2007 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the May 2023 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 2 VICTORY WAY be worth now?

2 VICTORY WAY might now be worth an estimated £399,670.

This is based on house price deflation of 4.8%, between May 2023 and December 2024, for detached houses, in the Torridge local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 4.8% deflationary decrease is applied to the most recent sale price for 2 VICTORY WAY of £420,000 on 16th May 2023. For the value to have decreased from £420,000 to £399,670 over the five months to December 2024, the following assumptions must hold true:

• The value of 2 VICTORY WAY has moved in line with the HPI for detached houses in the Torridge local authority area.
• The May 2023 sale price of £420,000 represented a fair market value for the property.
• The size, condition, and specification of 2 VICTORY WAY has not materially changed since May 2023.

How Large is 2 VICTORY WAY?

2 VICTORY WAY is 172m² according to the EPC inspection conducted in September 2022. This puts it in the largest 10% of detached houses houses in Great Torrington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Great Torrington, and where 2 VICTORY WAY lies on this distribution: 94% of detached houses houses are smaller than 2 VICTORY WAY, and 6% of houses are larger. Note that EPC data is not available for all properties in Great Torrington.

2 VICTORY WAY: Plot and Title Map

2 VICTORY WAY sits on a plot of roughly 0.079 of an acre, or 320m². The below map shows the location of 2 VICTORY WAY, 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 VICTORY WAY). 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 VICTORY WAY?

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