THE LODGE, RIDGEWAY ROAD, TORQUAY, TQ1 2NB - £350,000

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 LODGE is a very large detached house of 199m², built sometime before 1900. It was last sold for £350,000 in July 2022, which was around 17% below the average July 2022 detached price in the Torbay local authority area. The most recent EPC inspection was January 2015, where the current energy rating was G, and the potential energy rating was C.

THE LODGE Sold Prices

Land registry data shows two sales for THE 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 Torbay local authority area for the corresponding sale date. One of the two THE LODGE sales was for below the average price, whilst the other was 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
2022 1 JUL	£350,000	£422,500	17% below HPI
2003 27 OCT	£250,000	£217,017	15% above HPI

THE LODGE 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 LODGE sales from October 2003 and July 2022 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 2003 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the July 2022 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is THE LODGE?

THE LODGE is 199m² according to the EPC inspection conducted in January 2015. This puts it in the largest 20% of detached houses in Torquay, based on EPC data. The below chart shows the distribution of detached houses by size in Torquay, and where THE LODGE lies on this distribution: 82% of detached houses are smaller than THE LODGE, and 17% of houses are larger. Note that EPC data is not available for all properties in Torquay.

THE LODGE: Plot and Title Map

THE LODGE sits on a plot of roughly 0.136 of an acre, or 550m². The below map shows the location of THE 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 THE 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 THE LODGE?

THE LODGE is located on RIDGEWAY ROAD in TORQUAY, in the TQ1 postcode district. The below map shows the position of THE LODGE on RIDGEWAY ROAD.