LORRELL, LORING ROAD, SALCOMBE, TQ8 8BL - £554,600

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.

LORRELL is a midsized extended detached house of 173m², built sometime between 1930 and 1949, which could now be worth an estimated £730,454. It was last sold for £554,600 in March 2018, which was around 25% above the average March 2018 detached price in the South Hams local authority area. The most recent EPC inspection was August 2017, where the current energy rating was E, and the potential energy rating was C.

LORRELL Sold Prices

Land registry data shows two sales for LORRELL since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Hams local authority area for the corresponding sale date. Both of the two LORRELL 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
2018 16 MAR	£554,600	£443,203	25% above HPI
1998 3 JUL	£143,000	£119,692	19% above HPI

LORRELL Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Hams local authority area over time, sourced from the HPI. The two LORRELL sales from July 1998 and March 2018 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 July 1998 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the March 2018 sale, where it rises to 25% above the HPI. The line then continues to track at 25% above the HPI.

What might LORRELL be worth now?

LORRELL might now be worth an estimated £730,454.

This is based on house price inflation of 31.7%, between March 2018 and February 2025, for detached houses, in the South Hams local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 31.7% inflationary increase is applied to the most recent sale price for LORRELL of £554,600 on 16th March 2018. For the value to have increased from £554,600 to £730,454 over the seven years and one month to February 2025, the following assumptions must hold true:

• The value of LORRELL has moved in line with the HPI for detached houses in the South Hams local authority area.
• The March 2018 sale price of £554,600 represented a fair market value for the property.
• The size, condition, and specification of LORRELL has not materially changed since March 2018.

How Large is LORRELL?

LORRELL is 173m², which includes two extensions, according to the EPC inspection conducted in August 2017. This puts it in the largest 50% of detached houses houses in Salcombe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Salcombe, and where LORRELL lies on this distribution: 60% of detached houses houses are smaller than LORRELL, and 40% of houses are larger. Note that EPC data is not available for all properties in Salcombe.

LORRELL: Plot and Title Map

LORRELL sits on a plot of roughly 0.142 of an acre, or 576m². The below map shows the location of LORRELL, 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 LORRELL). 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 LORRELL?

LORRELL is located on LORING ROAD in SALCOMBE, in the TQ8 postcode district. The below map shows the position of LORRELL on LORING ROAD.