7, DRAKE ROAD, BOVEY TRACEY, NEWTON ABBOT, TQ13 9YW - £375,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

7 DRAKE ROAD is a very small detached house of 74m², built sometime between 1983 and 1990. It was last sold for £375,000 in October 2022, which was around 21% below the average October 2022 detached price in the Teignbridge local authority area. The most recent EPC inspection was May 2022, where the current energy rating was D, and the potential energy rating was B.

7 DRAKE ROAD Sold Prices

Land registry data shows four sales for 7 DRAKE ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Teignbridge local authority area for the corresponding sale date. All of the four 7 DRAKE ROAD 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
2022 26 OCT	£375,000	£476,136	21% below HPI
2003 20 OCT	£220,000	£235,068	6% below HPI
2002 29 NOV	£177,000	£202,571	13% below HPI
2000 23 MAR	£57,000	£122,084	53% below HPI

7 DRAKE ROAD 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 four 7 DRAKE ROAD sales between March 2000 and October 2022 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 October 2003 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the October 2022 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 7 DRAKE ROAD?

7 DRAKE ROAD is 74m² according to the EPC inspection conducted in May 2022. This puts it in the smallest 10% of detached houses in Bovey Tracey, based on EPC data. The below chart shows the distribution of detached houses by size in Bovey Tracey, and where 7 DRAKE ROAD lies on this distribution: 8% of detached houses are smaller than 7 DRAKE ROAD, and 91% of houses are larger. Note that EPC data is not available for all properties in Bovey Tracey.

7 DRAKE ROAD: Plot and Title Map

7 DRAKE ROAD sits on a plot of roughly 0.079 of an acre, or 319m². The below map shows the location of 7 DRAKE ROAD, 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 7 DRAKE ROAD). 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 7 DRAKE ROAD?

7 DRAKE ROAD is located in BOVEY TRACEY, in the TQ13 postcode district. The below map shows the position of No. 7 on DRAKE ROAD.