RAFFLES, THATCHER AVENUE, TORQUAY, TQ1 2PD - £2,920,000

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.

RAFFLES is a very large extended detached house of 385m², built sometime between 1996 and 2002, which could now be worth an estimated £2,617,457. It was last sold for £2,920,000 in November 2022, which was around 509% above the average November 2022 detached price in the Torbay local authority area. The most recent EPC inspection was October 2021, where the current energy rating was C, and the potential energy rating was C.

RAFFLES Sold Prices

Land registry data shows five sales for RAFFLES since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Torbay local authority area for the corresponding sale date. All of the five RAFFLES 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
2022 10 NOV	£2,920,000	£479,189	509% above HPI
2009 1 JUN	£1,500,000	£250,790	498% above HPI
2007 16 APR	£1,750,000	£282,160	520% above HPI
2004 27 FEB	£1,150,000	£241,177	377% above HPI
2000 30 NOV	£1,300,000	£134,224	869% above HPI

RAFFLES 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 five RAFFLES sales between November 2000 and November 2022 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 June 2009 sale was for 498% above the HPI. So the extrapolation line tracks at 498% above the HPI over time, until the November 2022 sale, where it rises to 509% above the HPI. The line then continues to track at 509% above the HPI.

What might RAFFLES be worth now?

RAFFLES might now be worth an estimated £2,617,457.

This is based on house price deflation of 10.4%, between November 2022 and November 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 10.4% deflationary decrease is applied to the most recent sale price for RAFFLES of £2,920,000 on 10th November 2022. For the value to have decreased from £2,920,000 to £2,617,457 over the three years to November 2025, the following assumptions must hold true:

• The value of RAFFLES has moved in line with the HPI for detached houses in the Torbay local authority area.
• The November 2022 sale price of £2,920,000 represented a fair market value for the property.
• The size, condition, and specification of RAFFLES has not materially changed since November 2022.

How Large is RAFFLES?

RAFFLES is 385m², which includes two extensions, according to the EPC inspection conducted in October 2021. This puts it in the largest 10% of detached houses houses in Torquay, based on EPC data. The below chart shows the distribution of detached houses houses by size in Torquay, and where RAFFLES lies on this distribution: 98% of detached houses houses are smaller than RAFFLES, and 2% of houses are larger. Note that EPC data is not available for all properties in Torquay.

RAFFLES: Plot and Title Map

RAFFLES sits on a plot of roughly 0.530 of an acre, or 2,143m². The below map shows the location of RAFFLES, 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 RAFFLES). 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 RAFFLES?

RAFFLES is located on THATCHER AVENUE in TORQUAY, in the TQ1 postcode district. The below map shows the position of RAFFLES on THATCHER AVENUE.