FAIRVIEW, WARREN CLOSE, TORRINGTON, EX38 8DR - £240,000

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

FAIRVIEW is a large detached house of 112m², built sometime between 1950 and 1966, which could now be worth an estimated £299,733. It was last sold for £240,000 in May 2018, which was around 25% below the average May 2018 detached price in the Torridge local authority area. The most recent EPC inspection was November 2009, where the current energy rating was F, and the potential energy rating was D.

FAIRVIEW Sold Prices

Land registry data shows four sales for FAIRVIEW since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Torridge local authority area for the corresponding sale date. All of the four FAIRVIEW 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
2018 31 MAY	£240,000	£319,816	25% below HPI
2011 21 JUL	£240,000	£249,225	4% below HPI
2002 15 FEB	£118,000	£137,526	14% below HPI
1998 22 OCT	£65,000	£90,812	28% below HPI

FAIRVIEW Price Paid vs. HPI Average

The below graph shows the average detached house price in the Torridge local authority area over time, sourced from the HPI. The four FAIRVIEW sales between October 1998 and May 2018 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 2011 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the May 2018 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might FAIRVIEW be worth now?

FAIRVIEW might now be worth an estimated £299,733.

This is based on house price inflation of 24.9%, between May 2018 and December 2024, for 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 24.9% inflationary increase is applied to the most recent sale price for FAIRVIEW of £240,000 on 31st May 2018. For the value to have increased from £240,000 to £299,733 over the five years and five months to December 2024, the following assumptions must hold true:

• The value of FAIRVIEW has moved in line with the HPI for detached houses in the Torridge local authority area.
• The May 2018 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of FAIRVIEW has not materially changed since May 2018.

How Large is FAIRVIEW?

FAIRVIEW is 112m² according to the EPC inspection conducted in November 2009. This puts it in the largest 40% of detached houses houses in Great Torrington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Great Torrington, and where FAIRVIEW lies on this distribution: 68% of detached houses houses are smaller than FAIRVIEW, and 32% of houses are larger. Note that EPC data is not available for all properties in Great Torrington.

FAIRVIEW: Plot and Title Map

FAIRVIEW sits on a plot of roughly 0.117 of an acre, or 474m². The below map shows the location of FAIRVIEW, 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 FAIRVIEW). 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 FAIRVIEW?

FAIRVIEW is located on WARREN CLOSE in TORRINGTON, in the EX38 postcode district. The below map shows the position of FAIRVIEW on WARREN CLOSE.