RAYSIDE, TOWN PARK, TORRINGTON, EX38 7AG - £225,000

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.

RAYSIDE is a very small detached house of 61m², built sometime between 1950 and 1966, which could now be worth an estimated £291,321. It was last sold for £225,000 in August 2017, which was around 28% below the average August 2017 detached price in the Torridge local authority area. The most recent EPC inspection was June 2017, where the current energy rating was D, and the potential energy rating was A.

RAYSIDE Sold Prices

Land registry data shows three sales for RAYSIDE 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. All of the three RAYSIDE 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
2017 18 AUG	£225,000	£311,423	28% below HPI
2013 19 FEB	£155,000	£247,475	37% below HPI
2012 17 MAY	£115,000	£254,551	55% below HPI

RAYSIDE 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 RAYSIDE sales between May 2012 and August 2017 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 2013 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the August 2017 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might RAYSIDE be worth now?

RAYSIDE might now be worth an estimated £291,321.

This is based on house price inflation of 29.5%, between August 2017 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 29.5% inflationary increase is applied to the most recent sale price for RAYSIDE of £225,000 on 18th August 2017. For the value to have increased from £225,000 to £291,321 over the eight years and six months to February 2025, the following assumptions must hold true:

• The value of RAYSIDE has moved in line with the HPI for detached houses in the Torridge local authority area.
• The August 2017 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of RAYSIDE has not materially changed since August 2017.

How Large is RAYSIDE?

RAYSIDE is 61m² according to the EPC inspection conducted in June 2017. 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 RAYSIDE lies on this distribution: 5% of detached houses houses are smaller than RAYSIDE, and 94% of houses are larger. Note that EPC data is not available for all properties in Great Torrington.

RAYSIDE: Plot and Title Map

RAYSIDE sits on a plot of roughly 0.039 of an acre, or 158m². The below map shows the location of RAYSIDE, 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 RAYSIDE). 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 RAYSIDE?

RAYSIDE is located on TOWN PARK in TORRINGTON, in the EX38 postcode district. The below map shows the position of RAYSIDE on TOWN PARK.