HOLLY COTTAGE, WATER LANE, TORQUAY, TQ2 7HW - £520,000

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.

HOLLY COTTAGE is a very large extended detached house of 171m², built sometime before 1900, which could now be worth an estimated £582,418. It was last sold for £520,000 in June 2021, which was around 34% above the average June 2021 detached price in the Torbay local authority area. The most recent EPC inspection was August 2020, where the current energy rating was D, and the potential energy rating was C.

HOLLY COTTAGE Sold Prices

Land registry data shows two sales for HOLLY COTTAGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Torbay local authority area for the corresponding sale date. Both of the two HOLLY COTTAGE 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
2021 28 JUN	£520,000	£388,331	34% above HPI
2001 21 MAY	£175,000	£147,535	19% above HPI

HOLLY COTTAGE 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 two HOLLY COTTAGE sales from May 2001 and June 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 May 2001 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the June 2021 sale, where it rises to 34% above the HPI. The line then continues to track at 34% above the HPI.

What might HOLLY COTTAGE be worth now?

HOLLY COTTAGE might now be worth an estimated £582,418.

This is based on house price inflation of 12%, between June 2021 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 12% inflationary increase is applied to the most recent sale price for HOLLY COTTAGE of £520,000 on 28th June 2021. For the value to have increased from £520,000 to £582,418 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of HOLLY COTTAGE has moved in line with the HPI for detached houses in the Torbay local authority area.
• The June 2021 sale price of £520,000 represented a fair market value for the property.
• The size, condition, and specification of HOLLY COTTAGE has not materially changed since June 2021.

How Large is HOLLY COTTAGE?

HOLLY COTTAGE is 171m², which includes three extensions, according to the EPC inspection conducted in August 2020. This puts it in the largest 20% of detached houses houses in Paignton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Paignton, and where HOLLY COTTAGE lies on this distribution: 88% of detached houses houses are smaller than HOLLY COTTAGE, and 12% of houses are larger. Note that EPC data is not available for all properties in Paignton.

HOLLY COTTAGE: Plot and Title Map

HOLLY COTTAGE sits on a plot of roughly 0.128 of an acre, or 517m². The below map shows the location of HOLLY COTTAGE, 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 HOLLY COTTAGE). 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 HOLLY COTTAGE?

HOLLY COTTAGE is located on WATER LANE in TORQUAY, in the TQ2 postcode district. The below map shows the position of HOLLY COTTAGE on WATER LANE.