2, HOLWILL DRIVE, TORRINGTON, EX38 7LQ - £165,000

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.

2 HOLWILL DRIVE is a very small terraced house of 56m², built sometime between 1991 and 1995, which could now be worth an estimated £198,500. It was last sold for £165,000 in May 2020, which was around 3% below the average May 2020 terraced price in the Torridge local authority area. The most recent EPC inspection was January 2020, where the current energy rating was C, and the potential energy rating was B.

2 HOLWILL DRIVE Sold Prices

Land registry data shows three sales for 2 HOLWILL DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Torridge local authority area for the corresponding sale date. Two of the three 2 HOLWILL DRIVE sales were for below the average price, whilst one was 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
2020 21 MAY	£165,000	£169,744	3% below HPI
2011 1 DEC	£130,000	£140,968	8% below HPI
1996 11 OCT	£39,950	£34,686	15% above HPI

2 HOLWILL DRIVE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Torridge local authority area over time, sourced from the HPI. The three 2 HOLWILL DRIVE sales between October 1996 and May 2020 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 December 2011 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the May 2020 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 2 HOLWILL DRIVE be worth now?

2 HOLWILL DRIVE might now be worth an estimated £198,500.

This is based on house price inflation of 20.3%, between May 2020 and April 2026, for terraced houses, in the Torridge local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 20.3% inflationary increase is applied to the most recent sale price for 2 HOLWILL DRIVE of £165,000 on 21st May 2020. For the value to have increased from £165,000 to £198,500 over the six years and one month to April 2026, the following assumptions must hold true:

• The value of 2 HOLWILL DRIVE has moved in line with the HPI for terraced houses in the Torridge local authority area.
• The May 2020 sale price of £165,000 represented a fair market value for the property.
• The size, condition, and specification of 2 HOLWILL DRIVE has not materially changed since May 2020.

How Large is 2 HOLWILL DRIVE?

2 HOLWILL DRIVE is 56m² according to the EPC inspection conducted in January 2020. This puts it in the smallest 10% of terraced houses houses in Great Torrington, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Great Torrington, and where 2 HOLWILL DRIVE lies on this distribution: 2% of terraced houses houses are smaller than 2 HOLWILL DRIVE, and 97% of houses are larger. Note that EPC data is not available for all properties in Great Torrington.

2 HOLWILL DRIVE: Plot and Title Map

2 HOLWILL DRIVE sits on a plot of roughly 0.036 of an acre, or 145m². The below map shows the location of 2 HOLWILL DRIVE, 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 HOLWILL DRIVE). 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 HOLWILL DRIVE?

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