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

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

RAFFLES is a very large extended detached house of 385m², built sometime between 1996 and 2002. It was last sold for £2,920,000 in November 2022, which was around 536% 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	£459,101	536% above HPI
2009 1 JUN	£1,500,000	£240,277	524% above HPI
2007 16 APR	£1,750,000	£270,332	547% above HPI
2004 27 FEB	£1,150,000	£231,067	398% above HPI
2000 30 NOV	£1,300,000	£128,597	911% 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 524% above the HPI. So the extrapolation line tracks at 524% above the HPI over time, until the November 2022 sale, where it rises to 536% above the HPI. The line then continues to track at 536% above the HPI.

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 in Torquay, based on EPC data. The below chart shows the distribution of detached houses by size in Torquay, and where RAFFLES lies on this distribution: 98% of detached 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.