FAIRMOUNT HOUSE, HERBERT ROAD, TORQUAY, TQ2 6RW - £345,000

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.

FAIRMOUNT HOUSE is a very large extended detached house of 250m², built sometime before 1900, which could now be worth an estimated £663,913. It was last sold for £345,000 in September 2003, which was around 53% above the average September 2003 detached price in the Torbay local authority area. The most recent EPC inspection was February 2011, where the current energy rating was F, and the potential energy rating was E.

FAIRMOUNT HOUSE Sold Prices

Land registry data shows three sales for FAIRMOUNT HOUSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Torbay local authority area for the corresponding sale date. All of the three FAIRMOUNT HOUSE 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
2003 2 SEP	£345,000	£226,017	53% above HPI
2000 17 AUG	£214,000	£132,301	62% above HPI
1998 9 OCT	£173,000	£100,119	73% above HPI

FAIRMOUNT HOUSE 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 three FAIRMOUNT HOUSE sales between October 1998 and September 2003 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 August 2000 sale was for 62% above the HPI. So the extrapolation line tracks at 62% above the HPI over time, until the September 2003 sale, where it falls to 53% above the HPI. The line then continues to track at 53% above the HPI.

What might FAIRMOUNT HOUSE be worth now?

FAIRMOUNT HOUSE might now be worth an estimated £663,913.

This is based on house price inflation of 92.4%, between September 2003 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 92.4% inflationary increase is applied to the most recent sale price for FAIRMOUNT HOUSE of £345,000 on 2nd September 2003. For the value to have increased from £345,000 to £663,913 over the 22 years and seven months to February 2025, the following assumptions must hold true:

• The value of FAIRMOUNT HOUSE has moved in line with the HPI for detached houses in the Torbay local authority area.
• The September 2003 sale price of £345,000 represented a fair market value for the property.
• The size, condition, and specification of FAIRMOUNT HOUSE has not materially changed since September 2003.

How Large is FAIRMOUNT HOUSE?

FAIRMOUNT HOUSE is 250m², which includes one extension, according to the EPC inspection conducted in February 2011. This puts it in the largest 10% of detached houses houses in Paignton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Paignton, and where FAIRMOUNT HOUSE lies on this distribution: 97% of detached houses houses are smaller than FAIRMOUNT HOUSE, and 3% of houses are larger. Note that EPC data is not available for all properties in Paignton.

FAIRMOUNT HOUSE: Plot and Title Map

FAIRMOUNT HOUSE sits on a plot of roughly 0.298 of an acre, or 1,204m². The below map shows the location of FAIRMOUNT HOUSE, 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 FAIRMOUNT HOUSE). 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 FAIRMOUNT HOUSE?

FAIRMOUNT HOUSE is located on HERBERT ROAD in TORQUAY, in the TQ2 postcode district. The below map shows the position of FAIRMOUNT HOUSE on HERBERT ROAD.