SPRING GATE, SMITH HILL, BISHOPSTEIGNTON, TEIGNMOUTH, TQ14 9QT - £430,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

SPRING GATE is a large extended detached house of 177m², built sometime between 1930 and 1949, which could now be worth an estimated £534,400. It was last sold for £430,000 in July 2018, which was around 14% above the average July 2018 detached price in the Teignbridge local authority area. The most recent EPC inspection was August 2017, where the current energy rating was C, and the potential energy rating was B.

SPRING GATE Sold Prices

Land registry data shows two sales for SPRING GATE 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. One of the two SPRING GATE 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 23 JUL	£430,000	£377,634	14% above HPI
2008 24 OCT	£202,000	£302,627	33% below HPI

SPRING GATE 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 SPRING GATE sales from October 2008 and July 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 October 2008 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the July 2018 sale, where it rises to 14% above the HPI. The line then continues to track at 14% above the HPI.

What might SPRING GATE be worth now?

SPRING GATE might now be worth an estimated £534,400.

This is based on house price inflation of 24.3%, between July 2018 and December 2024, for detached houses, in the Teignbridge local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 24.3% inflationary increase is applied to the most recent sale price for SPRING GATE of £430,000 on 23rd July 2018. For the value to have increased from £430,000 to £534,400 over the five years and seven months to December 2024, the following assumptions must hold true:

• The value of SPRING GATE has moved in line with the HPI for detached houses in the Teignbridge local authority area.
• The July 2018 sale price of £430,000 represented a fair market value for the property.
• The size, condition, and specification of SPRING GATE has not materially changed since July 2018.

How Large is SPRING GATE?

SPRING GATE is 177m², which includes two extensions, according to the EPC inspection conducted in August 2017. This puts it in the largest 30% of detached houses houses in Bishopsteignton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bishopsteignton, and where SPRING GATE lies on this distribution: 79% of detached houses houses are smaller than SPRING GATE, and 21% of houses are larger. Note that EPC data is not available for all properties in Bishopsteignton.

SPRING GATE: Plot and Title Map

SPRING GATE sits on a plot of roughly 0.131 of an acre, or 531m². The below map shows the location of SPRING GATE, 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 SPRING GATE). 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 SPRING GATE?

SPRING GATE is located on SMITH HILL in BISHOPSTEIGNTON, in the TQ14 postcode district. The below map shows the position of SPRING GATE on SMITH HILL.