MERROWLEA, GAS LANE, TORRINGTON, EX38 7BE - £310,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

MERROWLEA is a very large extended detached house of 166m², built sometime between 1950 and 1966. It was last sold for £310,000 in January 2016, which was around 4% above the average January 2016 detached price in the Torridge local authority area. The most recent EPC inspection was November 2023, where the current energy rating was C, and the potential energy rating was A.

MERROWLEA Sold Prices

Land registry data shows four sales for MERROWLEA since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Torridge local authority area for the corresponding sale date. Most of the four MERROWLEA 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
2016 27 JAN	£310,000	£298,702	4% above HPI
2013 30 APR	£297,000	£250,403	19% above HPI
1999 6 DEC	£110,000	£107,887	2% above HPI
1995 10 FEB	£66,000	£68,614	4% below HPI

MERROWLEA Price Paid vs. HPI Average

The below graph shows the average detached house price in the Torridge local authority area over time, sourced from the HPI. The four MERROWLEA sales between February 1995 and January 2016 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 April 2013 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the January 2016 sale, where it falls to 4% above the HPI. The line then continues to track at 4% above the HPI.

How Large is MERROWLEA?

MERROWLEA is 166m², which includes two extensions, according to the EPC inspection conducted in November 2023. This puts it in the largest 10% of detached houses in Great Torrington, based on EPC data. The below chart shows the distribution of detached houses by size in Great Torrington, and where MERROWLEA lies on this distribution: 93% of detached houses are smaller than MERROWLEA, and 7% of houses are larger. Note that EPC data is not available for all properties in Great Torrington.

MERROWLEA: Plot and Title Map

MERROWLEA sits on a plot of roughly 0.682 of an acre, or 2,762m². The below map shows the location of MERROWLEA, 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 MERROWLEA). 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 MERROWLEA?

MERROWLEA is located on GAS LANE in TORRINGTON, in the EX38 postcode district. The below map shows the position of MERROWLEA on GAS LANE.