8, CORNACRE CLOSE, TORQUAY, TQ2 6JY - £89,000

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

8 CORNACRE CLOSE is a midsized extended detached house of 102m², built sometime between 1976 and 1982, which could now be worth an estimated £366,840. It was last sold for £89,000 in February 1999, which was around 16% below the average February 1999 detached price in the Torbay local authority area. The most recent EPC inspection was June 2024, where the current energy rating was D, and the potential energy rating was B.

8 CORNACRE CLOSE Sold Prices

Land registry data shows two sales for 8 CORNACRE CLOSE 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 8 CORNACRE CLOSE 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
1999 18 FEB	£89,000	£105,523	16% below HPI
1998 27 MAR	£87,000	£99,336	12% below HPI

8 CORNACRE CLOSE 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 8 CORNACRE CLOSE sales from March 1998 and February 1999 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 March 1998 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the February 1999 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 8 CORNACRE CLOSE be worth now?

8 CORNACRE CLOSE might now be worth an estimated £366,840.

This is based on house price inflation of 312.2%, between February 1999 and February 2025, 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 312.2% inflationary increase is applied to the most recent sale price for 8 CORNACRE CLOSE of £89,000 on 18th February 1999. For the value to have increased from £89,000 to £366,840 over the 26 years to February 2025, the following assumptions must hold true:

• The value of 8 CORNACRE CLOSE has moved in line with the HPI for detached houses in the Torbay local authority area.
• The February 1999 sale price of £89,000 represented a fair market value for the property.
• The size, condition, and specification of 8 CORNACRE CLOSE has not materially changed since February 1999.

How Large is 8 CORNACRE CLOSE?

8 CORNACRE CLOSE is 102m², which includes one extension, according to the EPC inspection conducted in June 2024. This puts it in the smallest 50% of detached houses houses in Paignton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Paignton, and where 8 CORNACRE CLOSE lies on this distribution: 46% of detached houses houses are smaller than 8 CORNACRE CLOSE, and 53% of houses are larger. Note that EPC data is not available for all properties in Paignton.

8 CORNACRE CLOSE: Plot and Title Map

8 CORNACRE CLOSE sits on a plot of roughly 0.171 of an acre, or 693m². The below map shows the location of 8 CORNACRE CLOSE, 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 8 CORNACRE CLOSE). 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 8 CORNACRE CLOSE?

8 CORNACRE CLOSE is located in TORQUAY, in the TQ2 postcode district. The below map shows the position of No. 8 on CORNACRE CLOSE.