KARANDA, ILSHAM MARINE DRIVE, TORQUAY, TQ1 2HT - £1,200,000

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.

KARANDA is a very large extended detached house of 324m², built sometime between 1991 and 1995, which could now be worth an estimated £1,488,141. It was last sold for £1,200,000 in March 2020, which was around 238% above the average March 2020 detached price in the Torbay local authority area. The most recent EPC inspection was January 2020, where the current energy rating was D, and the potential energy rating was C.

KARANDA Sold Prices

Land registry data shows two sales for KARANDA 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 KARANDA 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
2020 23 MAR	£1,200,000	£354,660	238% above HPI
2009 19 JUN	£900,000	£250,790	259% above HPI

KARANDA 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 KARANDA sales from June 2009 and March 2020 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 2009 sale was for 259% above the HPI. So the extrapolation line tracks at 259% above the HPI over time, until the March 2020 sale, where it falls to 238% above the HPI. The line then continues to track at 238% above the HPI.

What might KARANDA be worth now?

KARANDA might now be worth an estimated £1,488,141.

This is based on house price inflation of 24%, between March 2020 and March 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 24% inflationary increase is applied to the most recent sale price for KARANDA of £1,200,000 on 23rd March 2020. For the value to have increased from £1,200,000 to £1,488,141 over the five years to March 2025, the following assumptions must hold true:

• The value of KARANDA has moved in line with the HPI for detached houses in the Torbay local authority area.
• The March 2020 sale price of £1,200,000 represented a fair market value for the property.
• The size, condition, and specification of KARANDA has not materially changed since March 2020.

How Large is KARANDA?

KARANDA is 324m², which includes one extension, according to the EPC inspection conducted in January 2020. This puts it in the largest 10% 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 KARANDA lies on this distribution: 96% of detached houses houses are smaller than KARANDA, and 4% of houses are larger. Note that EPC data is not available for all properties in Torquay.

KARANDA: Plot and Title Map

KARANDA sits on a plot of roughly 0.510 of an acre, or 2,065m². The below map shows the location of KARANDA, 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 KARANDA). 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 KARANDA?

KARANDA is located on ILSHAM MARINE DRIVE in TORQUAY, in the TQ1 postcode district. The below map shows the position of KARANDA on ILSHAM MARINE DRIVE.