SPRINGWATER HOUSE, LOWER ERITH ROAD, TORQUAY, TQ1 2PX - £475,000

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

SPRINGWATER HOUSE is a very large extended detached house of 298m², built sometime between 2003 and 2006. It was last sold for £475,000 in January 2018, which was around 47% above the average January 2018 detached price in the Torbay local authority area. The most recent EPC inspection was August 2023, where the current energy rating was C, and the potential energy rating was B.

SPRINGWATER HOUSE Sold Prices

Land registry data shows three sales for SPRINGWATER HOUSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Torbay local authority area for the corresponding sale date. Two of the three SPRINGWATER HOUSE sales were for above the average price, whilst one 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 26 JAN	£475,000	£323,645	47% above HPI
2007 17 AUG	£495,000	£282,775	75% above HPI
2001 8 FEB	£80,000	£132,849	40% below HPI

SPRINGWATER HOUSE 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 three SPRINGWATER HOUSE sales between February 2001 and January 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 August 2007 sale was for 75% above the HPI. So the extrapolation line tracks at 75% above the HPI over time, until the January 2018 sale, where it falls to 47% above the HPI. The line then continues to track at 47% above the HPI.

How Large is SPRINGWATER HOUSE?

SPRINGWATER HOUSE is 298m², which includes three extensions, according to the EPC inspection conducted in August 2023. This puts it in the largest 10% of detached houses in Torquay, based on EPC data. The below chart shows the distribution of detached houses by size in Torquay, and where SPRINGWATER HOUSE lies on this distribution: 95% of detached houses are smaller than SPRINGWATER HOUSE, and 5% of houses are larger. Note that EPC data is not available for all properties in Torquay.

SPRINGWATER HOUSE: Plot and Title Map

SPRINGWATER HOUSE sits on a plot of roughly 0.302 of an acre, or 1,221m². The below map shows the location of SPRINGWATER HOUSE, 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 SPRINGWATER HOUSE). 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 SPRINGWATER HOUSE?

SPRINGWATER HOUSE is located on LOWER ERITH ROAD in TORQUAY, in the TQ1 postcode district. The below map shows the position of SPRINGWATER HOUSE on LOWER ERITH ROAD.