THE PINES, MAIN ROAD, SALCOMBE, TQ8 8JW - £3,350,000

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 PINES is a very large extended detached house of 395m², built sometime before 1900. It was last sold for £3,350,000 in November 2023, which was around 476% above the average November 2023 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 C.

THE PINES Sold Prices

Land registry data shows four sales for THE PINES since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the South Hams local authority area for the corresponding sale date. All of the four THE PINES 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 14 NOV	£3,350,000	£581,268	476% above HPI
2019 26 SEP	£2,700,000	£458,770	489% above HPI
2010 1 OCT	£1,800,000	£371,779	384% above HPI
2002 14 OCT	£1,700,000	£242,013	602% above HPI

THE PINES 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 four THE PINES sales between October 2002 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 September 2019 sale was for 489% above the HPI. So the extrapolation line tracks at 489% above the HPI over time, until the November 2023 sale, where it falls to 476% above the HPI. The line then continues to track at 476% above the HPI.

How Large is THE PINES?

THE PINES is 395m², which includes two extensions, according to the EPC inspection conducted in March 2018. This puts it in the largest 10% of detached houses in Salcombe, based on EPC data. The below chart shows the distribution of detached houses by size in Salcombe, and where THE PINES lies on this distribution: 97% of detached houses are smaller than THE PINES, and 3% of houses are larger. Note that EPC data is not available for all properties in Salcombe.

THE PINES: Plot and Title Map

THE PINES sits on a plot of roughly 0.778 of an acre, or 3,150m². The below map shows the location of THE PINES, 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 PINES). 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 PINES?

THE PINES is located on MAIN ROAD in SALCOMBE, in the TQ8 postcode district. The below map shows the position of THE PINES on MAIN ROAD.