SPRINGFIELD, WHEATRIDGE LANE, TORQUAY, TQ2 6RA - £650,000

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

SPRINGFIELD is a very large detached house of 171m², built sometime before 1900. It was last sold for £650,000 in November 2023, which was around 49% above the average November 2023 detached price in the Torbay local authority area. The most recent EPC inspection was June 2023, where the current energy rating was D, and the potential energy rating was B.

SPRINGFIELD Sold Prices

Land registry data shows two sales for SPRINGFIELD 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. Both of the two SPRINGFIELD 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
2023 22 NOV	£650,000	£436,690	49% above HPI
2020 26 OCT	£500,000	£353,077	42% above HPI

SPRINGFIELD 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 SPRINGFIELD sales from October 2020 and November 2023 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 2020 sale was for 42% above the HPI. So the extrapolation line tracks at 42% above the HPI over time, until the November 2023 sale, where it rises to 49% above the HPI. The line then continues to track at 49% above the HPI.

How Large is SPRINGFIELD?

SPRINGFIELD is 171m² according to the EPC inspection conducted in June 2023. This puts it in the largest 20% of detached houses in Paignton, based on EPC data. The below chart shows the distribution of detached houses by size in Paignton, and where SPRINGFIELD lies on this distribution: 88% of detached houses are smaller than SPRINGFIELD, and 12% of houses are larger. Note that EPC data is not available for all properties in Paignton.

SPRINGFIELD: Plot and Title Map

SPRINGFIELD sits on a plot of roughly 0.161 of an acre, or 651m². The below map shows the location of SPRINGFIELD, 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 SPRINGFIELD). 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 SPRINGFIELD?

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