SUMMER LODGE, HERBERT ROAD, SALCOMBE, TQ8 8HN - £690,000

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

SUMMER LODGE is a large extended detached house of 185m², built sometime between 1950 and 1966. It was last sold for £690,000 in June 2018, which was around 57% above the average June 2018 detached price in the South Hams local authority area. The most recent EPC inspection was March 2018, where the current energy rating was D, and the potential energy rating was B.

SUMMER LODGE Sold Prices

Land registry data shows two sales for SUMMER LODGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Hams local authority area for the corresponding sale date. Both of the two SUMMER LODGE 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
2018 15 JUN	£690,000	£440,399	57% above HPI
1997 8 SEP	£195,000	£118,170	65% above HPI

SUMMER LODGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Hams local authority area over time, sourced from the HPI. The two SUMMER LODGE sales from September 1997 and June 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 September 1997 sale was for 65% above the HPI. So the extrapolation line tracks at 65% above the HPI over time, until the June 2018 sale, where it falls to 57% above the HPI. The line then continues to track at 57% above the HPI.

How Large is SUMMER LODGE?

SUMMER LODGE is 185m², which includes two extensions, according to the EPC inspection conducted in March 2018. This puts it in the largest 40% of detached houses in Salcombe, based on EPC data. The below chart shows the distribution of detached houses by size in Salcombe, and where SUMMER LODGE lies on this distribution: 65% of detached houses are smaller than SUMMER LODGE, and 34% of houses are larger. Note that EPC data is not available for all properties in Salcombe.

SUMMER LODGE: Plot and Title Map

SUMMER LODGE sits on a plot of roughly 0.153 of an acre, or 618m². The below map shows the location of SUMMER LODGE, 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 SUMMER LODGE). 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 SUMMER LODGE?

SUMMER LODGE is located on HERBERT ROAD in SALCOMBE, in the TQ8 postcode district. The below map shows the position of SUMMER LODGE on HERBERT ROAD.