RIDGEWAY, MARSH LANE, BOVEY TRACEY, NEWTON ABBOT, TQ13 9BS - £480,000

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

RIDGEWAY is a very large extended detached house of 179m², built sometime between 1930 and 1949. It was last sold for £480,000 in June 2017, which was around 37% above the average June 2017 detached price in the Teignbridge local authority area. The most recent EPC inspection was December 2016, where the current energy rating was C, and the potential energy rating was C.

RIDGEWAY Sold Prices

Land registry data shows two sales for RIDGEWAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Teignbridge local authority area for the corresponding sale date. Both of the two RIDGEWAY 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
2017 16 JUN	£480,000	£349,231	37% above HPI
1995 27 JUL	£82,500	£73,078	13% above HPI

RIDGEWAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Teignbridge local authority area over time, sourced from the HPI. The two RIDGEWAY sales from July 1995 and June 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 July 1995 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the June 2017 sale, where it rises to 37% above the HPI. The line then continues to track at 37% above the HPI.

How Large is RIDGEWAY?

RIDGEWAY is 179m², which includes three extensions, according to the EPC inspection conducted in December 2016. This puts it in the largest 10% of detached houses in Bovey Tracey, based on EPC data. The below chart shows the distribution of detached houses by size in Bovey Tracey, and where RIDGEWAY lies on this distribution: 91% of detached houses are smaller than RIDGEWAY, and 9% of houses are larger. Note that EPC data is not available for all properties in Bovey Tracey.

RIDGEWAY: Plot and Title Map

RIDGEWAY sits on a plot of roughly 0.158 of an acre, or 638m². The below map shows the location of RIDGEWAY, 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 RIDGEWAY). 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 RIDGEWAY?

RIDGEWAY is located on MARSH LANE in BOVEY TRACEY, in the TQ13 postcode district. The below map shows the position of RIDGEWAY on MARSH LANE.