GREYRIDGE, HIGHER WOODFIELD ROAD, TORQUAY, TQ1 2LB - £540,000

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.

GREYRIDGE is a very small extended detached house of 88m², built sometime between 1950 and 1966, which could now be worth an estimated £515,478. It was last sold for £540,000 in September 2023, which was around 19% above the average September 2023 detached price in the Torbay local authority area. The most recent EPC inspection was February 2023, where the current energy rating was D, and the potential energy rating was C.

GREYRIDGE Sold Prices

Land registry data shows four sales for GREYRIDGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Torbay local authority area for the corresponding sale date. two of the four GREYRIDGE sales were for above the average price, and four 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
2023 8 SEP	£540,000	£455,635	19% above HPI
2018 2 OCT	£338,000	£349,795	3% below HPI
2008 2 MAY	£310,000	£295,286	5% above HPI
1996 3 MAY	£82,000	£84,654	3% below HPI

GREYRIDGE 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 four GREYRIDGE sales between May 1996 and September 2023 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 October 2018 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the September 2023 sale, where it rises to 19% above the HPI. The line then continues to track at 19% above the HPI.

What might GREYRIDGE be worth now?

GREYRIDGE might now be worth an estimated £515,478.

This is based on house price deflation of 4.5%, between September 2023 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 4.5% deflationary decrease is applied to the most recent sale price for GREYRIDGE of £540,000 on 8th September 2023. For the value to have decreased from £540,000 to £515,478 over the two years and seven months to February 2025, the following assumptions must hold true:

• The value of GREYRIDGE has moved in line with the HPI for detached houses in the Torbay local authority area.
• The September 2023 sale price of £540,000 represented a fair market value for the property.
• The size, condition, and specification of GREYRIDGE has not materially changed since September 2023.

How Large is GREYRIDGE?

GREYRIDGE is 88m², which includes one extension, according to the EPC inspection conducted in February 2023. This puts it in the smallest 20% of detached houses houses in Torquay, based on EPC data. The below chart shows the distribution of detached houses houses by size in Torquay, and where GREYRIDGE lies on this distribution: 19% of detached houses houses are smaller than GREYRIDGE, and 81% of houses are larger. Note that EPC data is not available for all properties in Torquay.

GREYRIDGE: Plot and Title Map

GREYRIDGE sits on a plot of roughly 0.178 of an acre, or 719m². The below map shows the location of GREYRIDGE, 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 GREYRIDGE). 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 GREYRIDGE?

GREYRIDGE is located on HIGHER WOODFIELD ROAD in TORQUAY, in the TQ1 postcode district. The below map shows the position of GREYRIDGE on HIGHER WOODFIELD ROAD.