3, ELM TREE CLOSE, TORQUAY, TQ2 7FU - £425,000

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

3 ELM TREE CLOSE is a small detached house of 97m², which could now be worth an estimated £388,072. It was last sold for £425,000 in October 2022, which was around 12% below the average October 2022 detached price in the Torbay local authority area. The most recent EPC inspection was April 2016, where the current energy rating was B, and the potential energy rating was A.

3 ELM TREE CLOSE Sold Prices

Land registry data shows two sales for 3 ELM TREE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Torbay local authority area for the corresponding sale date. Both of the two 3 ELM TREE CLOSE 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
2022 17 OCT	£425,000	£480,649	12% below HPI
2016 26 APR	£260,000	£312,440	17% below HPI

3 ELM TREE CLOSE 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 two 3 ELM TREE CLOSE sales from April 2016 and October 2022 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 April 2016 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the October 2022 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 3 ELM TREE CLOSE be worth now?

3 ELM TREE CLOSE might now be worth an estimated £388,072.

This is based on house price deflation of 8.7%, between October 2022 and December 2024, for detached houses, in the Torbay local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 8.7% deflationary decrease is applied to the most recent sale price for 3 ELM TREE CLOSE of £425,000 on 17th October 2022. For the value to have decreased from £425,000 to £388,072 over the one year and ten months to December 2024, the following assumptions must hold true:

• The value of 3 ELM TREE CLOSE has moved in line with the HPI for detached houses in the Torbay local authority area.
• The October 2022 sale price of £425,000 represented a fair market value for the property.
• The size, condition, and specification of 3 ELM TREE CLOSE has not materially changed since October 2022.

How Large is 3 ELM TREE CLOSE?

3 ELM TREE CLOSE is 97m² according to the EPC inspection conducted in April 2016. This puts it in the smallest 30% of detached houses houses in Torquay, based on EPC data. The below chart shows the distribution of detached houses houses by size in Torquay, and where 3 ELM TREE CLOSE lies on this distribution: 25% of detached houses houses are smaller than 3 ELM TREE CLOSE, and 74% of houses are larger. Note that EPC data is not available for all properties in Torquay.

3 ELM TREE CLOSE: Plot and Title Map

3 ELM TREE CLOSE sits on a plot of roughly 0.054 of an acre, or 219m². The below map shows the location of 3 ELM TREE CLOSE, 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 3 ELM TREE CLOSE). 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 3 ELM TREE CLOSE?

3 ELM TREE CLOSE is located in TORQUAY, in the TQ2 postcode district. The below map shows the position of No. 3 on ELM TREE CLOSE.