RESTORMEL, CHAGFORD, NEWTON ABBOT, TQ13 8DB - £560,000

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

RESTORMEL is a very large detached house of 220m², built sometime between 1950 and 1966. It was last sold for £560,000 in May 2019, which was around 51% above the average May 2019 detached price in the West Devon local authority area. The most recent EPC inspection was July 2017, where the current energy rating was D, and the potential energy rating was D.

RESTORMEL Sold Prices

Land registry data shows two sales for RESTORMEL since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Devon local authority area for the corresponding sale date. Both of the two RESTORMEL 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
2019 8 MAY	£560,000	£370,131	51% above HPI
1999 12 AUG	£169,100	£112,596	50% above HPI

RESTORMEL Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Devon local authority area over time, sourced from the HPI. The two RESTORMEL sales from August 1999 and May 2019 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 August 1999 sale was for 50% above the HPI. So the extrapolation line tracks at 50% above the HPI over time, until the May 2019 sale, where it rises to 51% above the HPI. The line then continues to track at 51% above the HPI.

How Large is RESTORMEL?

RESTORMEL is 220m² according to the EPC inspection conducted in July 2017. This puts it in the largest 10% of detached houses in Chagford, based on EPC data. The below chart shows the distribution of detached houses by size in Chagford, and where RESTORMEL lies on this distribution: 91% of detached houses are smaller than RESTORMEL, and 9% of houses are larger. Note that EPC data is not available for all properties in Chagford.

RESTORMEL: Plot and Title Map

RESTORMEL sits on a plot of roughly 0.218 of an acre, or 884m². The below map shows the location of RESTORMEL, 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 RESTORMEL). 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 RESTORMEL?

RESTORMEL is located in CHAGFORD, in the TQ13 postcode district. The below map shows the position of RESTORMEL in CHAGFORD.