VERMILION, HERBERT ROAD, SALCOMBE, TQ8 8HN - £1,200,000

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.

VERMILION is a midsized detached house of 139m², built sometime between 1930 and 1949, which could now be worth an estimated £1,185,389. It was last sold for £1,200,000 in August 2023, which was around 103% above the average August 2023 detached price in the South Hams local authority area. The most recent EPC inspection was August 2021, where the current energy rating was D, and the potential energy rating was C.

VERMILION Sold Prices

Land registry data shows two sales for VERMILION since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Hams local authority area for the corresponding sale date. Both of the two VERMILION 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 23 AUG	£1,200,000	£590,930	103% above HPI
2022 6 APR	£950,000	£564,844	68% above HPI

VERMILION 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 two VERMILION sales from April 2022 and August 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 April 2022 sale was for 68% above the HPI. So the extrapolation line tracks at 68% above the HPI over time, until the August 2023 sale, where it rises to 103% above the HPI. The line then continues to track at 103% above the HPI.

What might VERMILION be worth now?

VERMILION might now be worth an estimated £1,185,389.

This is based on house price deflation of 1.2%, between August 2023 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 1.2% deflationary decrease is applied to the most recent sale price for VERMILION of £1,200,000 on 23rd August 2023. For the value to have decreased from £1,200,000 to £1,185,389 over the two years and six months to February 2025, the following assumptions must hold true:

• The value of VERMILION has moved in line with the HPI for detached houses in the South Hams local authority area.
• The August 2023 sale price of £1,200,000 represented a fair market value for the property.
• The size, condition, and specification of VERMILION has not materially changed since August 2023.

How Large is VERMILION?

VERMILION is 139m² according to the EPC inspection conducted in August 2021. This puts it in the smallest 50% of detached houses houses in Salcombe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Salcombe, and where VERMILION lies on this distribution: 44% of detached houses houses are smaller than VERMILION, and 56% of houses are larger. Note that EPC data is not available for all properties in Salcombe.

VERMILION: Plot and Title Map

VERMILION sits on a plot of roughly 0.158 of an acre, or 640m². The below map shows the location of VERMILION, 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 VERMILION). 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 VERMILION?

VERMILION is located on HERBERT ROAD in SALCOMBE, in the TQ8 postcode district. The below map shows the position of VERMILION on HERBERT ROAD.