2, WRIGHTS LANE, TORQUAY, TQ1 4HN - £290,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 WRIGHTS LANE is a midsized extended detached house of 124m², built sometime between 1930 and 1949. It was last sold for £290,000 in January 2021, which was around 18% below the average January 2021 detached price in the Torbay local authority area. The most recent EPC inspection was February 2019, where the current energy rating was D, and the potential energy rating was B.

2 WRIGHTS LANE Sold Prices

Land registry data shows three sales for 2 WRIGHTS 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 WRIGHTS 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
2021 18 JAN	£290,000	£353,387	18% below HPI
2013 27 MAR	£120,000	£255,552	53% below HPI
2001 4 APR	£72,000	£139,653	48% below HPI

2 WRIGHTS 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 WRIGHTS LANE sales between April 2001 and January 2021 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 2013 sale was for 53% below the HPI. So the extrapolation line tracks at 53% below the HPI over time, until the January 2021 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 2 WRIGHTS LANE?

2 WRIGHTS LANE is 124m², which includes one extension, according to the EPC inspection conducted in February 2019. This puts it in the smallest 50% 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 WRIGHTS LANE lies on this distribution: 46% of detached houses are smaller than 2 WRIGHTS LANE, and 53% of houses are larger. Note that EPC data is not available for all properties in Torquay.

2 WRIGHTS LANE: Plot and Title Map

2 WRIGHTS LANE sits on a plot of roughly 0.089 of an acre, or 360m². The below map shows the location of 2 WRIGHTS 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 WRIGHTS 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 WRIGHTS LANE?

2 WRIGHTS LANE is located in TORQUAY, in the TQ1 postcode district. The below map shows the position of No. 2 on WRIGHTS LANE.