31A, MILL LANE, TEIGNMOUTH, TQ14 9AZ - £72,000

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

31A MILL LANE is a small extended detached house of 81m², built sometime between 1983 and 1990, which could now be worth an estimated £273,501. It was last sold for £72,000 in January 2000, which was around 41% below the average January 2000 detached price in the Teignbridge local authority area. The most recent EPC inspection was March 2014, where the current energy rating was E, and the potential energy rating was B.

31A MILL LANE Sold Prices

Land registry data shows two sales for 31A MILL LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Teignbridge local authority area for the corresponding sale date. Both of the two 31A MILL 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
2000 10 JAN	£72,000	£123,061	41% below HPI
1997 6 MAY	£50,000	£88,573	44% below HPI

31A MILL LANE 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 two 31A MILL LANE sales from May 1997 and January 2000 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 May 1997 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the January 2000 sale, where it rises to 41% below the HPI. The line then continues to track at 41% below the HPI.

What might 31A MILL LANE be worth now?

31A MILL LANE might now be worth an estimated £273,501.

This is based on house price inflation of 279.9%, between January 2000 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 279.9% inflationary increase is applied to the most recent sale price for 31A MILL LANE of £72,000 on 10th January 2000. For the value to have increased from £72,000 to £273,501 over the 24 years and eleven months to February 2025, the following assumptions must hold true:

• The value of 31A MILL LANE has moved in line with the HPI for detached houses in the Teignbridge local authority area.
• The January 2000 sale price of £72,000 represented a fair market value for the property.
• The size, condition, and specification of 31A MILL LANE has not materially changed since January 2000.

How Large is 31A MILL LANE?

31A MILL LANE is 81m², which includes one extension, according to the EPC inspection conducted in March 2014. This puts it in the smallest 30% 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 31A MILL LANE lies on this distribution: 23% of detached houses houses are smaller than 31A MILL LANE, and 76% of houses are larger. Note that EPC data is not available for all properties in Teignmouth.

31A MILL LANE: Plot and Title Map

31A MILL LANE sits on a plot of roughly 0.053 of an acre, or 213m². The below map shows the location of 31A MILL 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 31A MILL 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 31A MILL LANE?

31A MILL LANE is located in TEIGNMOUTH, in the TQ14 postcode district. The below map shows the position of No. 31A on MILL LANE.