MIMOSA, NUT BUSH LANE, TORQUAY, TQ2 6LD - £244,000

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

MIMOSA is a large extended detached house of 130m², built sometime between 1950 and 1966, which could now be worth an estimated £382,911. It was last sold for £244,000 in February 2014, which was around 12% below the average February 2014 detached price in the Torbay local authority area. The most recent EPC inspection was June 2021, where the current energy rating was C, and the potential energy rating was B.

MIMOSA Sold Prices

Land registry data shows two sales for MIMOSA 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 MIMOSA 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
2014 21 FEB	£244,000	£277,157	12% below HPI
2006 11 APR	£238,000	£264,803	10% below HPI

MIMOSA 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 MIMOSA sales from April 2006 and February 2014 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 2006 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the February 2014 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might MIMOSA be worth now?

MIMOSA might now be worth an estimated £382,911.

This is based on house price inflation of 56.9%, between February 2014 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 56.9% inflationary increase is applied to the most recent sale price for MIMOSA of £244,000 on 21st February 2014. For the value to have increased from £244,000 to £382,911 over the eleven years to February 2025, the following assumptions must hold true:

• The value of MIMOSA has moved in line with the HPI for detached houses in the Torbay local authority area.
• The February 2014 sale price of £244,000 represented a fair market value for the property.
• The size, condition, and specification of MIMOSA has not materially changed since February 2014.

How Large is MIMOSA?

MIMOSA is 130m², which includes two extensions, according to the EPC inspection conducted in June 2021. This puts it in the largest 30% 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 MIMOSA lies on this distribution: 70% of detached houses houses are smaller than MIMOSA, and 29% of houses are larger. Note that EPC data is not available for all properties in Paignton.

MIMOSA: Plot and Title Map

MIMOSA sits on a plot of roughly 0.236 of an acre, or 956m². The below map shows the location of MIMOSA, 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 MIMOSA). 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 MIMOSA?

MIMOSA is located on NUT BUSH LANE in TORQUAY, in the TQ2 postcode district. The below map shows the position of MIMOSA on NUT BUSH LANE.