THE RIDINGS, WATERLEAT ROAD, PAIGNTON, TQ3 3UQ - £390,000

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 RIDINGS is a large detached house of 141m², built sometime between 1996 and 2002. It was last sold for £390,000 in June 2021, which was around 5% above the average June 2021 detached price in the Torbay local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was C.

THE RIDINGS Sold Prices

Land registry data shows two sales for THE RIDINGS 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 RIDINGS sales was for above the average price, whilst the other 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
2021 21 JUN	£390,000	£372,052	5% above HPI
2012 20 JUL	£230,000	£260,285	12% below HPI

THE RIDINGS 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 RIDINGS sales from July 2012 and June 2021 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 July 2012 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the June 2021 sale, where it rises to 5% above the HPI. The line then continues to track at 5% above the HPI.

How Large is THE RIDINGS?

THE RIDINGS is 141m² according to the EPC inspection conducted in October 2013. This puts it in the largest 30% 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 RIDINGS lies on this distribution: 77% of detached houses are smaller than THE RIDINGS, and 22% of houses are larger. Note that EPC data is not available for all properties in Paignton.

THE RIDINGS: Plot and Title Map

THE RIDINGS sits on a plot of roughly 0.070 of an acre, or 283m². The below map shows the location of THE RIDINGS, 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 RIDINGS). 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 RIDINGS?

THE RIDINGS is located on WATERLEAT ROAD in PAIGNTON, in the TQ3 postcode district. The below map shows the position of THE RIDINGS on WATERLEAT ROAD.