4, STEPS LANE, TORQUAY, TQ2 8NN - £255,000

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

4 STEPS LANE is a small extended detached house of 93m², built sometime between 1950 and 1966, which could now be worth an estimated £348,806. It was last sold for £255,000 in September 2016, which was around 21% below the average September 2016 detached price in the Torbay local authority area. The most recent EPC inspection was February 2016, where the current energy rating was D, and the potential energy rating was B.

4 STEPS LANE Sold Prices

Land registry data shows two sales for 4 STEPS 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 Torbay local authority area for the corresponding sale date. Both of the two 4 STEPS 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
2016 6 SEP	£255,000	£320,854	21% below HPI
1996 20 JUN	£78,000	£85,499	9% below HPI

4 STEPS 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 two 4 STEPS LANE sales from June 1996 and September 2016 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 1996 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the September 2016 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 4 STEPS LANE be worth now?

4 STEPS LANE might now be worth an estimated £348,806.

This is based on house price inflation of 36.8%, between September 2016 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 36.8% inflationary increase is applied to the most recent sale price for 4 STEPS LANE of £255,000 on 6th September 2016. For the value to have increased from £255,000 to £348,806 over the seven years and nine months to December 2024, the following assumptions must hold true:

• The value of 4 STEPS LANE has moved in line with the HPI for detached houses in the Torbay local authority area.
• The September 2016 sale price of £255,000 represented a fair market value for the property.
• The size, condition, and specification of 4 STEPS LANE has not materially changed since September 2016.

How Large is 4 STEPS LANE?

4 STEPS LANE is 93m², which includes one extension, according to the EPC inspection conducted in February 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 4 STEPS LANE lies on this distribution: 23% of detached houses houses are smaller than 4 STEPS LANE, and 77% of houses are larger. Note that EPC data is not available for all properties in Torquay.

4 STEPS LANE: Plot and Title Map

4 STEPS LANE sits on a plot of roughly 0.127 of an acre, or 512m². The below map shows the location of 4 STEPS 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 4 STEPS 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 4 STEPS LANE?

4 STEPS LANE is located in TORQUAY, in the TQ2 postcode district. The below map shows the position of No. 4 on STEPS LANE.