9, PENNS WAY, KINGSTEIGNTON, NEWTON ABBOT, TQ12 3GW - £440,000

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

9 PENNS WAY is a midsized detached house of 111m², which could now be worth an estimated £436,350. It was last sold for £440,000 in February 2024, which was around 7% below the average February 2024 detached price in the Teignbridge local authority area. The most recent EPC inspection was August 2018, where the current energy rating was B, and the potential energy rating was A.

9 PENNS WAY Sold Prices

Land registry data shows two sales for 9 PENNS WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Teignbridge local authority area for the corresponding sale date. Both of the two 9 PENNS 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
2024 29 FEB	£440,000	£473,246	7% below HPI
2018 19 DEC	£324,950	£372,048	13% below HPI

9 PENNS WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Teignbridge local authority area over time, sourced from the HPI. The two 9 PENNS WAY sales from December 2018 and February 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 December 2018 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the February 2024 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might 9 PENNS WAY be worth now?

9 PENNS WAY might now be worth an estimated £436,350.

This is based on house price deflation of 0.8%, between February 2024 and December 2024, for detached houses, in the Teignbridge local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 0.8% deflationary decrease is applied to the most recent sale price for 9 PENNS WAY of £440,000 on 29th February 2024. For the value to have decreased from £440,000 to £436,350 over the two months to December 2024, the following assumptions must hold true:

• The value of 9 PENNS WAY has moved in line with the HPI for detached houses in the Teignbridge local authority area.
• The February 2024 sale price of £440,000 represented a fair market value for the property.
• The size, condition, and specification of 9 PENNS WAY has not materially changed since February 2024.

How Large is 9 PENNS WAY?

9 PENNS WAY is 111m² according to the EPC inspection conducted in August 2018. This puts it in the largest 50% of detached houses houses in Kingsteignton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Kingsteignton, and where 9 PENNS WAY lies on this distribution: 55% of detached houses houses are smaller than 9 PENNS WAY, and 42% of houses are larger. Note that EPC data is not available for all properties in Kingsteignton.

9 PENNS WAY: Plot and Title Map

9 PENNS WAY sits on a plot of roughly 0.094 of an acre, or 381m². The below map shows the location of 9 PENNS 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 9 PENNS 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 9 PENNS WAY?

9 PENNS WAY is located in KINGSTEIGNTON, in the TQ12 postcode district. The below map shows the position of No. 9 on PENNS WAY.