SHERWOOD, VEILLE LANE, TORQUAY, TQ2 7HA - £540,000

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.

SHERWOOD is a very large detached house of 291m², which could now be worth an estimated £674,991. It was last sold for £540,000 in December 2018, which was around 55% above the average December 2018 detached price in the Torbay local authority area. The most recent EPC inspection was February 2011, where the current energy rating was C, and the potential energy rating was B.

SHERWOOD Sold Prices

Land registry data shows two sales for SHERWOOD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Torbay local authority area for the corresponding sale date. One of the two SHERWOOD sales was for above the average price, whilst the other was 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
2018 7 DEC	£540,000	£347,960	55% above HPI
2007 14 DEC	£171,222	£296,572	42% below HPI

SHERWOOD 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 two SHERWOOD sales from December 2007 and December 2018 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 December 2007 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the December 2018 sale, where it rises to 55% above the HPI. The line then continues to track at 55% above the HPI.

What might SHERWOOD be worth now?

SHERWOOD might now be worth an estimated £674,991.

This is based on house price inflation of 25%, between December 2018 and February 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 25% inflationary increase is applied to the most recent sale price for SHERWOOD of £540,000 on 7th December 2018. For the value to have increased from £540,000 to £674,991 over the seven years and ten months to February 2025, the following assumptions must hold true:

• The value of SHERWOOD has moved in line with the HPI for detached houses in the Torbay local authority area.
• The December 2018 sale price of £540,000 represented a fair market value for the property.
• The size, condition, and specification of SHERWOOD has not materially changed since December 2018.

How Large is SHERWOOD?

SHERWOOD is 291m² according to the EPC inspection conducted in February 2011. This puts it in the largest 10% of detached houses houses in Paignton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Paignton, and where SHERWOOD lies on this distribution: 99% of detached houses houses are smaller than SHERWOOD, and 1% of houses are larger. Note that EPC data is not available for all properties in Paignton.

SHERWOOD: Plot and Title Map

SHERWOOD sits on a plot of roughly 0.268 of an acre, or 1,085m². The below map shows the location of SHERWOOD, 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 SHERWOOD). 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 SHERWOOD?

SHERWOOD is located on VEILLE LANE in TORQUAY, in the TQ2 postcode district. The below map shows the position of SHERWOOD on VEILLE LANE.