THE STORE, GILLS NURSERY, TOTNES, TQ9 5DG - £360,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

THE STORE is a very small extended detached house of 63m², built sometime between 1996 and 2002, which could now be worth an estimated £411,032. It was last sold for £360,000 in September 2021, which was around 30% below the average September 2021 detached price in the South Hams local authority area. The most recent EPC inspection was September 2021, where the current energy rating was C, and the potential energy rating was C.

THE STORE Sold Prices

Land registry data shows five sales for THE STORE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the South Hams local authority area for the corresponding sale date. Most of the five THE STORE 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
2021 29 SEP	£360,000	£511,261	30% below HPI
2006 3 MAY	£280,000	£348,115	20% below HPI
2003 2 JAN	£200,000	£269,244	26% below HPI
2000 26 SEP	£170,000	£165,552	3% above HPI
1999 20 APR	£92,000	£127,132	28% below HPI

THE STORE 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 five THE STORE sales between April 1999 and September 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 May 2006 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the September 2021 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might THE STORE be worth now?

THE STORE might now be worth an estimated £411,032.

This is based on house price inflation of 14.2%, between September 2021 and February 2025, for detached houses, in the South Hams local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 14.2% inflationary increase is applied to the most recent sale price for THE STORE of £360,000 on 29th September 2021. For the value to have increased from £360,000 to £411,032 over the four years and seven months to February 2025, the following assumptions must hold true:

• The value of THE STORE has moved in line with the HPI for detached houses in the South Hams local authority area.
• The September 2021 sale price of £360,000 represented a fair market value for the property.
• The size, condition, and specification of THE STORE has not materially changed since September 2021.

How Large is THE STORE?

THE STORE is 63m², which includes two extensions, according to the EPC inspection conducted in September 2021. This puts it in the smallest 10% of detached houses houses in Totnes, based on EPC data. The below chart shows the distribution of detached houses houses by size in Totnes, and where THE STORE lies on this distribution: 5% of detached houses houses are smaller than THE STORE, and 94% of houses are larger. Note that EPC data is not available for all properties in Totnes.

THE STORE: Plot and Title Map

THE STORE sits on a plot of roughly 0.037 of an acre, or 151m². The below map shows the location of THE STORE, 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 STORE). 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 STORE?

THE STORE is located on GILLS NURSERY in TOTNES, in the TQ9 postcode district. The below map shows the position of THE STORE on GILLS NURSERY.