FAR LEA, NEW PARK ROAD, KINGSTEIGNTON, NEWTON ABBOT, TQ12 3JJ - £271,370

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

FAR LEA is a very large extended detached house of 138m², built sometime between 1930 and 1949, which could now be worth an estimated £408,066. It was last sold for £271,370 in September 2007, which was around 13% below the average September 2007 detached price in the Teignbridge local authority area. The most recent EPC inspection was August 2015, where the current energy rating was C, and the potential energy rating was B.

FAR LEA Sold Prices

Land registry data shows three sales for FAR LEA since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Teignbridge local authority area for the corresponding sale date. All of the three FAR LEA 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
2007 24 SEP	£271,370	£312,105	13% below HPI
2004 23 MAR	£150,000	£243,334	38% below HPI
2003 17 APR	£140,000	£221,037	37% below HPI

FAR LEA 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 three FAR LEA sales between April 2003 and September 2007 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 March 2004 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the September 2007 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might FAR LEA be worth now?

FAR LEA might now be worth an estimated £408,066.

This is based on house price inflation of 50.4%, between September 2007 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 50.4% inflationary increase is applied to the most recent sale price for FAR LEA of £271,370 on 24th September 2007. For the value to have increased from £271,370 to £408,066 over the sixteen years and nine months to December 2024, the following assumptions must hold true:

• The value of FAR LEA has moved in line with the HPI for detached houses in the Teignbridge local authority area.
• The September 2007 sale price of £271,370 represented a fair market value for the property.
• The size, condition, and specification of FAR LEA has not materially changed since September 2007.

How Large is FAR LEA?

FAR LEA is 138m², which includes two extensions, according to the EPC inspection conducted in August 2015. This puts it in the largest 20% 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 FAR LEA lies on this distribution: 85% of detached houses houses are smaller than FAR LEA, and 14% of houses are larger. Note that EPC data is not available for all properties in Kingsteignton.

FAR LEA: Plot and Title Map

FAR LEA sits on a plot of roughly 0.140 of an acre, or 567m². The below map shows the location of FAR LEA, 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 FAR LEA). 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 FAR LEA?

FAR LEA is located on NEW PARK ROAD in KINGSTEIGNTON, in the TQ12 postcode district. The below map shows the position of FAR LEA on NEW PARK ROAD.