BANKSIDE, LINCOMBE DRIVE, TORQUAY, TQ1 2LP - £565,000

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.

BANKSIDE is a large extended detached house of 145m², built sometime between 1950 and 1966, which could now be worth an estimated £638,056. It was last sold for £565,000 in April 2021, which was around 47% above the average April 2021 detached price in the Torbay local authority area. The most recent EPC inspection was July 2020, where the current energy rating was D, and the potential energy rating was B.

BANKSIDE Sold Prices

Land registry data shows two sales for BANKSIDE 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 BANKSIDE 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
2021 6 APR	£565,000	£385,144	47% above HPI
2016 7 JUL	£480,000	£321,219	49% above HPI

BANKSIDE 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 BANKSIDE sales from July 2016 and April 2021 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 July 2016 sale was for 49% above the HPI. So the extrapolation line tracks at 49% above the HPI over time, until the April 2021 sale, where it falls to 47% above the HPI. The line then continues to track at 47% above the HPI.

What might BANKSIDE be worth now?

BANKSIDE might now be worth an estimated £638,056.

This is based on house price inflation of 12.9%, between April 2021 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 12.9% inflationary increase is applied to the most recent sale price for BANKSIDE of £565,000 on 6th April 2021. For the value to have increased from £565,000 to £638,056 over the four years and two months to February 2025, the following assumptions must hold true:

• The value of BANKSIDE has moved in line with the HPI for detached houses in the Torbay local authority area.
• The April 2021 sale price of £565,000 represented a fair market value for the property.
• The size, condition, and specification of BANKSIDE has not materially changed since April 2021.

How Large is BANKSIDE?

BANKSIDE is 145m², which includes two extensions, according to the EPC inspection conducted in July 2020. This puts it in the largest 40% 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 BANKSIDE lies on this distribution: 62% of detached houses houses are smaller than BANKSIDE, and 38% of houses are larger. Note that EPC data is not available for all properties in Torquay.

BANKSIDE: Plot and Title Map

BANKSIDE sits on a plot of roughly 0.067 of an acre, or 272m². The below map shows the location of BANKSIDE, 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 BANKSIDE). 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 BANKSIDE?

BANKSIDE is located on LINCOMBE DRIVE in TORQUAY, in the TQ1 postcode district. The below map shows the position of BANKSIDE on LINCOMBE DRIVE.