3, PETROC DRIVE, NEWTON ABBOT, TQ12 2LT - £630,000

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 PETROC DRIVE is a very large detached house of 242m², built sometime between 2003 and 2006, which could now be worth an estimated £780,455. It was last sold for £630,000 in August 2018, which was around 66% above the average August 2018 detached price in the Teignbridge local authority area. The most recent EPC inspection was May 2022, where the current energy rating was E, and the potential energy rating was B.

3 PETROC DRIVE Sold Prices

Land registry data shows three sales for 3 PETROC DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Teignbridge local authority area for the corresponding sale date. All of the three 3 PETROC DRIVE sales were 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
2018 17 AUG	£630,000	£378,845	66% above HPI
2015 11 JUN	£560,000	£316,934	77% above HPI
2004 26 AUG	£550,000	£264,121	108% above HPI

3 PETROC 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 three 3 PETROC DRIVE sales between August 2004 and August 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 June 2015 sale was for 77% above the HPI. So the extrapolation line tracks at 77% above the HPI over time, until the August 2018 sale, where it falls to 66% above the HPI. The line then continues to track at 66% above the HPI.

What might 3 PETROC DRIVE be worth now?

3 PETROC DRIVE might now be worth an estimated £780,455.

This is based on house price inflation of 23.9%, between August 2018 and December 2024, 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 23.9% inflationary increase is applied to the most recent sale price for 3 PETROC DRIVE of £630,000 on 17th August 2018. For the value to have increased from £630,000 to £780,455 over the five years and eight months to December 2024, the following assumptions must hold true:

• The value of 3 PETROC DRIVE has moved in line with the HPI for detached houses in the Teignbridge local authority area.
• The August 2018 sale price of £630,000 represented a fair market value for the property.
• The size, condition, and specification of 3 PETROC DRIVE has not materially changed since August 2018.

How Large is 3 PETROC DRIVE?

3 PETROC DRIVE is 242m² according to the EPC inspection conducted in May 2022. This puts it in the largest 10% of detached houses houses in Newton Abbot, based on EPC data. The below chart shows the distribution of detached houses houses by size in Newton Abbot, and where 3 PETROC DRIVE lies on this distribution: 98% of detached houses houses are smaller than 3 PETROC DRIVE, and 2% of houses are larger. Note that EPC data is not available for all properties in Newton Abbot.

3 PETROC DRIVE: Plot and Title Map

3 PETROC DRIVE sits on a plot of roughly 0.221 of an acre, or 896m². The below map shows the location of 3 PETROC 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 3 PETROC 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 3 PETROC DRIVE?

3 PETROC DRIVE is located in NEWTON ABBOT, in the TQ12 postcode district. The below map shows the position of No. 3 on PETROC DRIVE.