HARMONY, COLES LANE, KINGSKERSWELL, NEWTON ABBOT, TQ12 5BQ - £340,000

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

HARMONY is a very small detached house of 55m², built sometime between 1950 and 1966, which could now be worth an estimated £344,170. It was last sold for £340,000 in August 2024, which was around 27% below the average August 2024 detached price in the Teignbridge local authority area. The most recent EPC inspection was January 2020, where the current energy rating was D, and the potential energy rating was B.

HARMONY Sold Prices

Land registry data shows two sales for HARMONY 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 HARMONY 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
2024 9 AUG	£340,000	£463,634	27% below HPI
2020 18 JUN	£205,000	£379,283	46% below HPI

HARMONY 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 HARMONY sales from June 2020 and August 2024 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 June 2020 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the August 2024 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might HARMONY be worth now?

HARMONY might now be worth an estimated £344,170.

This is based on house price inflation of 1.2%, between August 2024 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 1.2% inflationary increase is applied to the most recent sale price for HARMONY of £340,000 on 9th August 2024. For the value to have increased from £340,000 to £344,170 over the eight months to December 2024, the following assumptions must hold true:

• The value of HARMONY has moved in line with the HPI for detached houses in the Teignbridge local authority area.
• The August 2024 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of HARMONY has not materially changed since August 2024.

How Large is HARMONY?

HARMONY is 55m² according to the EPC inspection conducted in January 2020. This puts it in the smallest 10% of detached houses houses in Kingskerswell, based on EPC data. The below chart shows the distribution of detached houses houses by size in Kingskerswell, and where HARMONY lies on this distribution: 1% of detached houses houses are smaller than HARMONY, and 99% of houses are larger. Note that EPC data is not available for all properties in Kingskerswell.

HARMONY: Plot and Title Map

HARMONY sits on a plot of roughly 0.100 of an acre, or 404m². The below map shows the location of HARMONY, 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 HARMONY). 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 HARMONY?

HARMONY is located on COLES LANE in KINGSKERSWELL, in the TQ12 postcode district. The below map shows the position of HARMONY on COLES LANE.