GREENBANKS, BRIMLEY ROAD, BOVEY TRACEY, NEWTON ABBOT, TQ13 9DQ - £720,000

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

GREENBANKS is a very large extended detached house of 206m², built sometime between 1930 and 1949, which could now be worth an estimated £705,322. It was last sold for £720,000 in December 2022, which was around 50% above the average December 2022 detached price in the Teignbridge local authority area. The most recent EPC inspection was August 2022, where the current energy rating was D, and the potential energy rating was C.

GREENBANKS Sold Prices

Land registry data shows two sales for GREENBANKS 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 GREENBANKS 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
2022 1 DEC	£720,000	£479,087	50% above HPI
2006 21 DEC	£333,500	£287,831	16% above HPI

GREENBANKS 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 GREENBANKS sales from December 2006 and December 2022 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 2006 sale was for 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the December 2022 sale, where it rises to 50% above the HPI. The line then continues to track at 50% above the HPI.

What might GREENBANKS be worth now?

GREENBANKS might now be worth an estimated £705,322.

This is based on house price deflation of 2%, between December 2022 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 2% deflationary decrease is applied to the most recent sale price for GREENBANKS of £720,000 on 1st December 2022. For the value to have decreased from £720,000 to £705,322 over the two years to December 2024, the following assumptions must hold true:

• The value of GREENBANKS has moved in line with the HPI for detached houses in the Teignbridge local authority area.
• The December 2022 sale price of £720,000 represented a fair market value for the property.
• The size, condition, and specification of GREENBANKS has not materially changed since December 2022.

How Large is GREENBANKS?

GREENBANKS is 206m², which includes one extension, according to the EPC inspection conducted in August 2022. This puts it in the largest 10% of detached houses houses in Bovey Tracey, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bovey Tracey, and where GREENBANKS lies on this distribution: 96% of detached houses houses are smaller than GREENBANKS, and 4% of houses are larger. Note that EPC data is not available for all properties in Bovey Tracey.

GREENBANKS: Plot and Title Map

GREENBANKS sits on a plot of roughly 0.470 of an acre, or 1,902m². The below map shows the location of GREENBANKS, 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 GREENBANKS). 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 GREENBANKS?

GREENBANKS is located on BRIMLEY ROAD in BOVEY TRACEY, in the TQ13 postcode district. The below map shows the position of GREENBANKS on BRIMLEY ROAD.