3, MERIVALE CLOSE, TEIGNMOUTH, TQ14 8QH - £260,000

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 MERIVALE CLOSE is a small detached house of 87m², built sometime between 1967 and 1975, which could now be worth an estimated £384,110. It was last sold for £260,000 in December 2014, which was around 18% below the average December 2014 detached price in the Teignbridge local authority area. The most recent EPC inspection was March 2010, where the current energy rating was E, and the potential energy rating was C.

3 MERIVALE CLOSE Sold Prices

Land registry data shows five sales for 3 MERIVALE CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Teignbridge local authority area for the corresponding sale date. All of the five 3 MERIVALE 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
2014 23 DEC	£260,000	£316,421	18% below HPI
2013 12 SEP	£250,000	£305,094	18% below HPI
2006 9 JUN	£232,500	£284,293	18% below HPI
2003 22 DEC	£180,000	£242,093	26% below HPI
1998 17 JUL	£80,000	£102,866	22% below HPI

3 MERIVALE CLOSE 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 five 3 MERIVALE CLOSE sales between July 1998 and December 2014 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 September 2013 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the December 2014 sale, which was also at 18% below the HPI.

What might 3 MERIVALE CLOSE be worth now?

3 MERIVALE CLOSE might now be worth an estimated £384,110.

This is based on house price inflation of 47.7%, between December 2014 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 47.7% inflationary increase is applied to the most recent sale price for 3 MERIVALE CLOSE of £260,000 on 23rd December 2014. For the value to have increased from £260,000 to £384,110 over the eleven years and ten months to February 2025, the following assumptions must hold true:

• The value of 3 MERIVALE CLOSE has moved in line with the HPI for detached houses in the Teignbridge local authority area.
• The December 2014 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of 3 MERIVALE CLOSE has not materially changed since December 2014.

How Large is 3 MERIVALE CLOSE?

3 MERIVALE CLOSE is 87m² according to the EPC inspection conducted in March 2010. This puts it in the smallest 40% 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 3 MERIVALE CLOSE lies on this distribution: 31% of detached houses houses are smaller than 3 MERIVALE CLOSE, and 69% of houses are larger. Note that EPC data is not available for all properties in Teignmouth.

3 MERIVALE CLOSE: Plot and Title Map

3 MERIVALE CLOSE sits on a plot of roughly 0.137 of an acre, or 553m². The below map shows the location of 3 MERIVALE 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 MERIVALE 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 MERIVALE CLOSE?

3 MERIVALE CLOSE is located in TEIGNMOUTH, in the TQ14 postcode district. The below map shows the position of No. 3 on MERIVALE CLOSE.