PARKGATE, WELL PARK ROAD, TORRINGTON, EX38 8ES - £245,000

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.

PARKGATE is a very small detached house of 67m², built sometime between 2003 and 2006, which could now be worth an estimated £360,813. It was last sold for £245,000 in September 2014, which was around 11% below the average September 2014 detached price in the Torridge local authority area. The most recent EPC inspection was May 2014, where the current energy rating was D, and the potential energy rating was B.

PARKGATE Sold Prices

Land registry data shows two sales for PARKGATE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Torridge local authority area for the corresponding sale date. Both of the two PARKGATE 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 1 SEP	£245,000	£273,794	11% below HPI
2007 16 FEB	£150,000	£258,801	42% below HPI

PARKGATE 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 two PARKGATE sales from February 2007 and September 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 February 2007 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the September 2014 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might PARKGATE be worth now?

PARKGATE might now be worth an estimated £360,813.

This is based on house price inflation of 47.3%, between September 2014 and February 2025, for detached houses, in the Torridge local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 47.3% inflationary increase is applied to the most recent sale price for PARKGATE of £245,000 on 1st September 2014. For the value to have increased from £245,000 to £360,813 over the eleven years and seven months to February 2025, the following assumptions must hold true:

• The value of PARKGATE has moved in line with the HPI for detached houses in the Torridge local authority area.
• The September 2014 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of PARKGATE has not materially changed since September 2014.

How Large is PARKGATE?

PARKGATE is 67m² according to the EPC inspection conducted in May 2014. This puts it in the smallest 10% of detached houses houses in Great Torrington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Great Torrington, and where PARKGATE lies on this distribution: 9% of detached houses houses are smaller than PARKGATE, and 91% of houses are larger. Note that EPC data is not available for all properties in Great Torrington.

PARKGATE: Plot and Title Map

PARKGATE sits on a plot of roughly 0.043 of an acre, or 175m². The below map shows the location of PARKGATE, 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 PARKGATE). 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 PARKGATE?

PARKGATE is located on WELL PARK ROAD in TORRINGTON, in the EX38 postcode district. The below map shows the position of PARKGATE on WELL PARK ROAD.