TRESCO, LOWER ERITH ROAD, TORQUAY, TQ1 2PX - £380,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

TRESCO is a small detached house of 105m², built sometime between 1967 and 1975, which could now be worth an estimated £425,184. It was last sold for £380,000 in July 2021, which was around 2% below the average July 2021 detached price in the Torbay local authority area. The most recent EPC inspection was September 2019, where the current energy rating was D, and the potential energy rating was B.

TRESCO Sold Prices

Land registry data shows four sales for TRESCO since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Torbay local authority area for the corresponding sale date. two of the four TRESCO sales were for below the average price, and four 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
2021 14 JUL	£380,000	£388,723	2% below HPI
2002 20 SEP	£235,000	£197,662	19% above HPI
2000 11 AUG	£142,500	£132,301	8% above HPI
1997 20 JAN	£85,000	£89,188	5% below HPI

TRESCO 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 four TRESCO sales between January 1997 and July 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 September 2002 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the July 2021 sale, where it falls to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might TRESCO be worth now?

TRESCO might now be worth an estimated £425,184.

This is based on house price inflation of 11.9%, between July 2021 and February 2025, for detached houses, in the Torbay local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 11.9% inflationary increase is applied to the most recent sale price for TRESCO of £380,000 on 14th July 2021. For the value to have increased from £380,000 to £425,184 over the four years and five months to February 2025, the following assumptions must hold true:

• The value of TRESCO has moved in line with the HPI for detached houses in the Torbay local authority area.
• The July 2021 sale price of £380,000 represented a fair market value for the property.
• The size, condition, and specification of TRESCO has not materially changed since July 2021.

How Large is TRESCO?

TRESCO is 105m² according to the EPC inspection conducted in September 2019. This puts it in the smallest 40% of detached houses houses in Torquay, based on EPC data. The below chart shows the distribution of detached houses houses by size in Torquay, and where TRESCO lies on this distribution: 31% of detached houses houses are smaller than TRESCO, and 68% of houses are larger. Note that EPC data is not available for all properties in Torquay.

TRESCO: Plot and Title Map

TRESCO sits on a plot of roughly 0.168 of an acre, or 679m². The below map shows the location of TRESCO, 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 TRESCO). 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 TRESCO?

TRESCO is located on LOWER ERITH ROAD in TORQUAY, in the TQ1 postcode district. The below map shows the position of TRESCO on LOWER ERITH ROAD.