THE LEAS, NUT BUSH LANE, TORQUAY, TQ2 6LE - £375,000

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

THE LEAS is a large extended detached house of 128m², built sometime between 1930 and 1949. It was last sold for £375,000 in January 2023, which was around 17% below the average January 2023 detached price in the Torbay local authority area. The most recent EPC inspection was February 2022, where the current energy rating was D, and the potential energy rating was C.

THE LEAS Sold Prices

Land registry data shows two sales for THE LEAS 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 THE LEAS sales were 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
2023 12 JAN	£375,000	£450,243	17% below HPI
2022 3 OCT	£390,000	£460,500	15% below HPI

THE LEAS 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 THE LEAS sales from October 2022 and January 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 2022 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the January 2023 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is THE LEAS?

THE LEAS is 128m², which includes two extensions, according to the EPC inspection conducted in February 2022. This puts it in the largest 40% of detached houses in Paignton, based on EPC data. The below chart shows the distribution of detached houses by size in Paignton, and where THE LEAS lies on this distribution: 69% of detached houses are smaller than THE LEAS, and 30% of houses are larger. Note that EPC data is not available for all properties in Paignton.

THE LEAS: Plot and Title Map

THE LEAS sits on a plot of roughly 0.180 of an acre, or 728m². The below map shows the location of THE LEAS, 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 THE LEAS). 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 THE LEAS?

THE LEAS is located on NUT BUSH LANE in TORQUAY, in the TQ2 postcode district. The below map shows the position of THE LEAS on NUT BUSH LANE.