8, VICTORY WAY, TORRINGTON, EX38 7AR - £240,000

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 VICTORY WAY is a small semi-detached house of 78m², built sometime between 2007 and 2011, which could now be worth an estimated £236,455. It was last sold for £240,000 in July 2022, which was around 18% below the average July 2022 semi-detached price in the Torridge local authority area. The most recent EPC inspection was January 2022, where the current energy rating was C, and the potential energy rating was B.

8 VICTORY WAY Sold Prices

Land registry data shows two sales for 8 VICTORY WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Torridge local authority area for the corresponding sale date. Both of the two 8 VICTORY WAY 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 19 JUL	£240,000	£292,167	18% below HPI
2007 29 MAY	£164,950	£175,556	6% below HPI

8 VICTORY WAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Torridge local authority area over time, sourced from the HPI. The two 8 VICTORY WAY sales from May 2007 and July 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 May 2007 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the July 2022 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 8 VICTORY WAY be worth now?

8 VICTORY WAY might now be worth an estimated £236,455.

This is based on house price deflation of 1.5%, between July 2022 and February 2025, for semi-detached houses, in the Torridge local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1.5% deflationary decrease is applied to the most recent sale price for 8 VICTORY WAY of £240,000 on 19th July 2022. For the value to have decreased from £240,000 to £236,455 over the three years and five months to February 2025, the following assumptions must hold true:

• The value of 8 VICTORY WAY has moved in line with the HPI for semi-detached houses in the Torridge local authority area.
• The July 2022 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 8 VICTORY WAY has not materially changed since July 2022.

How Large is 8 VICTORY WAY?

8 VICTORY WAY is 78m² according to the EPC inspection conducted in January 2022. This puts it in the smallest 30% of semi-detached houses houses in Great Torrington, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Great Torrington, and where 8 VICTORY WAY lies on this distribution: 22% of semi-detached houses houses are smaller than 8 VICTORY WAY, and 77% of houses are larger. Note that EPC data is not available for all properties in Great Torrington.

8 VICTORY WAY: Plot and Title Map

8 VICTORY WAY sits on a plot of roughly 0.036 of an acre, or 147m². The below map shows the location of 8 VICTORY WAY, 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 VICTORY WAY). 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 VICTORY WAY?

8 VICTORY WAY is located in TORRINGTON, in the EX38 postcode district. The below map shows the position of No. 8 on VICTORY WAY.