NEWSTEAD, HATCHMOOR ROAD, TORRINGTON, EX38 7BU - £655,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

NEWSTEAD is a very large extended detached house of 231m², built sometime between 1950 and 1966. It was last sold for £655,000 in May 2024, which was around 61% above the average May 2024 detached price in the Torridge local authority area. The most recent EPC inspection was May 2023, where the current energy rating was B, and the potential energy rating was B.

NEWSTEAD Sold Prices

Land registry data shows three sales for NEWSTEAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Torridge local authority area for the corresponding sale date. One of the three NEWSTEAD sales was for above the average price, whilst two 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
2024 3 MAY	£655,000	£407,469	61% above HPI
2017 22 NOV	£285,000	£316,597	10% below HPI
1999 8 JUN	£92,500	£93,405	1% below HPI

NEWSTEAD 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 three NEWSTEAD sales between June 1999 and May 2024 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 November 2017 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the May 2024 sale, where it rises to 61% above the HPI. The line then continues to track at 61% above the HPI.

How Large is NEWSTEAD?

NEWSTEAD is 231m², which includes one extension, according to the EPC inspection conducted in May 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 NEWSTEAD lies on this distribution: 98% of detached houses are smaller than NEWSTEAD, and 2% of houses are larger. Note that EPC data is not available for all properties in Great Torrington.

NEWSTEAD: Plot and Title Map

NEWSTEAD sits on a plot of roughly 0.238 of an acre, or 964m². The below map shows the location of NEWSTEAD, 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 NEWSTEAD). 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 NEWSTEAD?

NEWSTEAD is located on HATCHMOOR ROAD in TORRINGTON, in the EX38 postcode district. The below map shows the position of NEWSTEAD on HATCHMOOR ROAD.