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

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

4 STEPS LANE is a small extended detached house of 93m², built sometime between 1950 and 1966. It was last sold for £255,000 in September 2016, which was around 17% 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	£307,404	17% below HPI
1996 20 JUN	£78,000	£81,915	5% 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 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the September 2016 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

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 in Torquay, based on EPC data. The below chart shows the distribution of detached houses by size in Torquay, and where 4 STEPS LANE lies on this distribution: 23% of detached 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 0.126 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.