2, FAIRFAX WAY, TORRINGTON, EX38 7DA - £228,000

2 FAIRFAX WAY is a midsized detached house of 97m², built sometime between 1996 and 2002. It was last sold for £228,000 in February 2011, which was around 8% below the average February 2011 detached price in the Torridge local authority area. The most recent EPC inspection was December 2010, where the current energy rating was D, and the potential energy rating was C.

2 FAIRFAX WAY Sold Prices

Land registry data shows four sales for 2 FAIRFAX WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Torridge local authority area for the corresponding sale date. Most of the four 2 FAIRFAX WAY 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
2011 21 FEB	£228,000	£246,673	8% below HPI
2007 20 APR	£238,500	£256,905	7% below HPI
2000 28 APR	£105,000	£110,542	5% below HPI
1997 3 JUN	£83,500	£78,965	6% above HPI

2 FAIRFAX WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Torridge local authority area over time, sourced from the HPI. The four 2 FAIRFAX WAY sales between June 1997 and February 2011 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 2007 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the February 2011 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is 2 FAIRFAX WAY?

2 FAIRFAX WAY is 97m² according to the EPC inspection conducted in December 2010. This puts it in the largest 50% of detached houses in Great Torrington, based on EPC data. The below chart shows the distribution of detached houses by size in Great Torrington, and where 2 FAIRFAX WAY lies on this distribution: 53% of detached houses are smaller than 2 FAIRFAX WAY, and 47% of houses are larger. Note that EPC data is not available for all properties in Great Torrington.

2 FAIRFAX WAY: Plot and Title Map

2 FAIRFAX WAY sits on a plot of roughly 0.098 of an acre, or 396m². The below map shows the location of 2 FAIRFAX WAY, 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 2 FAIRFAX WAY). 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 2 FAIRFAX WAY?

2 FAIRFAX WAY is located in TORRINGTON, in the EX38 postcode district. The below map shows the position of No. 2 on FAIRFAX WAY.