GREENBANKS, TOTNES ROAD, IPPLEPEN, NEWTON ABBOT, TQ12 5TD - £284,950

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.

GREENBANKS is a very small extended detached house of 75m², built sometime between 1950 and 1966, which could now be worth an estimated £316,698. It was last sold for £284,950 in September 2021, which was around 32% below the average September 2021 detached price in the Teignbridge local authority area. The most recent EPC inspection was May 2021, where the current energy rating was D, and the potential energy rating was B.

GREENBANKS Sold Prices

Land registry data shows four sales for GREENBANKS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Teignbridge local authority area for the corresponding sale date. All of the four GREENBANKS 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
2021 24 SEP	£284,950	£420,601	32% below HPI
2015 17 SEP	£221,000	£334,241	34% below HPI
2013 13 MAY	£203,000	£293,509	31% below HPI
2010 24 SEP	£180,000	£302,848	41% below 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 four GREENBANKS sales between September 2010 and September 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 September 2015 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the September 2021 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

What might GREENBANKS be worth now?

GREENBANKS might now be worth an estimated £316,698.

This is based on house price inflation of 11.1%, between September 2021 and February 2025, 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 11.1% inflationary increase is applied to the most recent sale price for GREENBANKS of £284,950 on 24th September 2021. For the value to have increased from £284,950 to £316,698 over the four years and seven months to February 2025, 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 September 2021 sale price of £284,950 represented a fair market value for the property.
• The size, condition, and specification of GREENBANKS has not materially changed since September 2021.

How Large is GREENBANKS?

GREENBANKS is 75m², which includes one extension, according to the EPC inspection conducted in May 2021. This puts it in the smallest 20% of detached houses houses in Ipplepen, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ipplepen, and where GREENBANKS lies on this distribution: 16% of detached houses houses are smaller than GREENBANKS, and 83% of houses are larger. Note that EPC data is not available for all properties in Ipplepen.

GREENBANKS: Plot and Title Map

GREENBANKS sits on a plot of roughly 0.120 of an acre, or 486m². 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 TOTNES ROAD in IPPLEPEN, in the TQ12 postcode district. The below map shows the position of GREENBANKS on TOTNES ROAD.