9, PARK RISE, SALCOMBE, TQ8 8NX - £400,000

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.

9 PARK RISE is a small detached house of 111m², built sometime between 1967 and 1975, which could now be worth an estimated £623,327. It was last sold for £400,000 in August 2013, which was around 7% above the average August 2013 detached price in the South Hams local authority area. The most recent EPC inspection was April 2012, where the current energy rating was E, and the potential energy rating was B.

9 PARK RISE Sold Prices

Land registry data shows four sales for 9 PARK RISE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the South Hams local authority area for the corresponding sale date. two of the four 9 PARK RISE sales were for above the average price, and four 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
2013 9 AUG	£400,000	£374,593	7% above HPI
2009 8 APR	£340,000	£320,832	6% above HPI
1999 21 MAY	£128,500	£131,414	2% below HPI
1998 28 OCT	£125,000	£128,010	2% below HPI

9 PARK RISE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Hams local authority area over time, sourced from the HPI. The four 9 PARK RISE sales between October 1998 and August 2013 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 April 2009 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the August 2013 sale, where it rises to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might 9 PARK RISE be worth now?

9 PARK RISE might now be worth an estimated £623,327.

This is based on house price inflation of 55.8%, between August 2013 and February 2025, for detached houses, in the South Hams local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 55.8% inflationary increase is applied to the most recent sale price for 9 PARK RISE of £400,000 on 9th August 2013. For the value to have increased from £400,000 to £623,327 over the twelve years and six months to February 2025, the following assumptions must hold true:

• The value of 9 PARK RISE has moved in line with the HPI for detached houses in the South Hams local authority area.
• The August 2013 sale price of £400,000 represented a fair market value for the property.
• The size, condition, and specification of 9 PARK RISE has not materially changed since August 2013.

How Large is 9 PARK RISE?

9 PARK RISE is 111m² according to the EPC inspection conducted in April 2012. This puts it in the smallest 30% of detached houses houses in Salcombe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Salcombe, and where 9 PARK RISE lies on this distribution: 28% of detached houses houses are smaller than 9 PARK RISE, and 72% of houses are larger. Note that EPC data is not available for all properties in Salcombe.

9 PARK RISE: Plot and Title Map

9 PARK RISE sits on a plot of roughly 0.192 of an acre, or 779m². The below map shows the location of 9 PARK RISE, 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 9 PARK RISE). 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 9 PARK RISE?

9 PARK RISE is located in SALCOMBE, in the TQ8 postcode district. The below map shows the position of No. 9 on PARK RISE.