8, GREA TOR CLOSE, PAIGNTON, TQ3 1AS - £295,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

8 GREA TOR CLOSE is a small extended detached house of 86m², built sometime between 1976 and 1982, which could now be worth an estimated £292,097. It was last sold for £295,000 in October 2024, which was around 33% below the average October 2024 detached price in the Torbay local authority area. The most recent EPC inspection was May 2024, where the current energy rating was C, and the potential energy rating was B.

8 GREA TOR CLOSE Sold Prices

Land registry data shows four sales for 8 GREA TOR CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Torbay local authority area for the corresponding sale date. All of the four 8 GREA TOR 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
2024 10 OCT	£295,000	£439,267	33% below HPI
2016 10 OCT	£220,000	£317,898	31% below HPI
2006 23 NOV	£191,500	£278,911	31% below HPI
1995 13 JAN	£58,000	£83,942	31% below HPI

8 GREA TOR 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 four 8 GREA TOR CLOSE sales between January 1995 and October 2024 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 2016 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the October 2024 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might 8 GREA TOR CLOSE be worth now?

8 GREA TOR CLOSE might now be worth an estimated £292,097.

This is based on house price deflation of 1%, between October 2024 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 1% deflationary decrease is applied to the most recent sale price for 8 GREA TOR CLOSE of £295,000 on 10th October 2024. For the value to have decreased from £295,000 to £292,097 over the one year and eight months to February 2025, the following assumptions must hold true:

• The value of 8 GREA TOR CLOSE has moved in line with the HPI for detached houses in the Torbay local authority area.
• The October 2024 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 8 GREA TOR CLOSE has not materially changed since October 2024.

How Large is 8 GREA TOR CLOSE?

8 GREA TOR CLOSE is 86m², which includes one extension, according to the EPC inspection conducted in May 2024. This puts it in the smallest 30% 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 GREA TOR CLOSE lies on this distribution: 28% of detached houses houses are smaller than 8 GREA TOR CLOSE, and 71% of houses are larger. Note that EPC data is not available for all properties in Paignton.

8 GREA TOR CLOSE: Plot and Title Map

8 GREA TOR CLOSE sits on a plot of roughly 0.053 of an acre, or 215m². The below map shows the location of 8 GREA TOR 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 GREA TOR 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 GREA TOR CLOSE?

8 GREA TOR CLOSE is located in PAIGNTON, in the TQ3 postcode district. The below map shows the position of No. 8 on GREA TOR CLOSE.