NEW CORNERWAYS, DRAKE AVENUE, TEIGNMOUTH, TQ14 9NA - £345,000

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.

NEW CORNERWAYS is a midsized extended detached house of 106m², built sometime between 2003 and 2006, which could now be worth an estimated £430,881. It was last sold for £345,000 in June 2018, which was around 8% below the average June 2018 detached price in the Teignbridge local authority area. The most recent EPC inspection was February 2024, where the current energy rating was B, and the potential energy rating was B.

NEW CORNERWAYS Sold Prices

Land registry data shows two sales for NEW CORNERWAYS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Teignbridge local authority area for the corresponding sale date. Both of the two NEW CORNERWAYS 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
2018 29 JUN	£345,000	£374,291	8% below HPI
2013 18 APR	£229,950	£292,232	21% below HPI

NEW CORNERWAYS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Teignbridge local authority area over time, sourced from the HPI. The two NEW CORNERWAYS sales from April 2013 and June 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 April 2013 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the June 2018 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might NEW CORNERWAYS be worth now?

NEW CORNERWAYS might now be worth an estimated £430,881.

This is based on house price inflation of 24.9%, between June 2018 and February 2025, for detached houses, in the Teignbridge local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 24.9% inflationary increase is applied to the most recent sale price for NEW CORNERWAYS of £345,000 on 29th June 2018. For the value to have increased from £345,000 to £430,881 over the seven years and four months to February 2025, the following assumptions must hold true:

• The value of NEW CORNERWAYS has moved in line with the HPI for detached houses in the Teignbridge local authority area.
• The June 2018 sale price of £345,000 represented a fair market value for the property.
• The size, condition, and specification of NEW CORNERWAYS has not materially changed since June 2018.

How Large is NEW CORNERWAYS?

NEW CORNERWAYS is 106m², which includes one extension, according to the EPC inspection conducted in February 2024. This puts it in the largest 50% of detached houses houses in Teignmouth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Teignmouth, and where NEW CORNERWAYS lies on this distribution: 50% of detached houses houses are smaller than NEW CORNERWAYS, and 50% of houses are larger. Note that EPC data is not available for all properties in Teignmouth.

NEW CORNERWAYS: Plot and Title Map

NEW CORNERWAYS sits on a plot of roughly 0.080 of an acre, or 322m². The below map shows the location of NEW CORNERWAYS, 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 NEW CORNERWAYS). 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 NEW CORNERWAYS?

NEW CORNERWAYS is located on DRAKE AVENUE in TEIGNMOUTH, in the TQ14 postcode district. The below map shows the position of NEW CORNERWAYS on DRAKE AVENUE.