8, RICHMOND CLOSE, TORQUAY, TQ1 2PW - £730,000

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 RICHMOND CLOSE is a midsized extended detached house of 140m², built sometime between 1976 and 1982, which could now be worth an estimated £703,799. It was last sold for £730,000 in July 2023, which was around 62% above the average July 2023 detached price in the Torbay local authority area. The most recent EPC inspection was November 2021, where the current energy rating was C, and the potential energy rating was B.

8 RICHMOND CLOSE Sold Prices

Land registry data shows two sales for 8 RICHMOND 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 RICHMOND CLOSE sales were for above 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
2023 17 JUL	£730,000	£451,136	62% above HPI
2021 3 DEC	£465,000	£423,333	10% above HPI

8 RICHMOND 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 RICHMOND CLOSE sales from December 2021 and July 2023 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 December 2021 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the July 2023 sale, where it rises to 62% above the HPI. The line then continues to track at 62% above the HPI.

What might 8 RICHMOND CLOSE be worth now?

8 RICHMOND CLOSE might now be worth an estimated £703,799.

This is based on house price deflation of 3.6%, between July 2023 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 3.6% deflationary decrease is applied to the most recent sale price for 8 RICHMOND CLOSE of £730,000 on 17th July 2023. For the value to have decreased from £730,000 to £703,799 over the two years and five months to February 2025, the following assumptions must hold true:

• The value of 8 RICHMOND CLOSE has moved in line with the HPI for detached houses in the Torbay local authority area.
• The July 2023 sale price of £730,000 represented a fair market value for the property.
• The size, condition, and specification of 8 RICHMOND CLOSE has not materially changed since July 2023.

How Large is 8 RICHMOND CLOSE?

8 RICHMOND CLOSE is 140m², which includes two extensions, according to the EPC inspection conducted in November 2021. This puts it in the largest 50% 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 8 RICHMOND CLOSE lies on this distribution: 58% of detached houses houses are smaller than 8 RICHMOND CLOSE, and 41% of houses are larger. Note that EPC data is not available for all properties in Torquay.

8 RICHMOND CLOSE: Plot and Title Map

8 RICHMOND CLOSE sits on a plot of roughly 0.171 of an acre, or 691m². The below map shows the location of 8 RICHMOND 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 RICHMOND 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 RICHMOND CLOSE?

8 RICHMOND CLOSE is located in TORQUAY, in the TQ1 postcode district. The below map shows the position of No. 8 on RICHMOND CLOSE.