45, TORRE CLOSE, IVYBRIDGE, PL21 0BX - £267,500

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.

45 TORRE CLOSE is a very small terraced house of 84m², built sometime between 1950 and 1966, which could now be worth an estimated £246,056. It was last sold for £267,500 in November 2022, which was around 15% below the average November 2022 terraced price in the South Hams local authority area. The most recent EPC inspection was February 2014, where the current energy rating was D, and the potential energy rating was B.

45 TORRE CLOSE Sold Prices

Land registry data shows three sales for 45 TORRE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the South Hams local authority area for the corresponding sale date. Two of the three 45 TORRE CLOSE 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
2022 18 NOV	£267,500	£313,135	15% below HPI
2011 3 OCT	£160,000	£197,664	19% below HPI
1996 31 MAY	£51,000	£50,679	1% above HPI

45 TORRE CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the South Hams local authority area over time, sourced from the HPI. The three 45 TORRE CLOSE sales between May 1996 and November 2022 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 October 2011 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the November 2022 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 45 TORRE CLOSE be worth now?

45 TORRE CLOSE might now be worth an estimated £246,056.

This is based on house price deflation of 8%, between November 2022 and May 2026, for terraced 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 8% deflationary decrease is applied to the most recent sale price for 45 TORRE CLOSE of £267,500 on 18th November 2022. For the value to have decreased from £267,500 to £246,056 over the four years and six months to May 2026, the following assumptions must hold true:

• The value of 45 TORRE CLOSE has moved in line with the HPI for terraced houses in the South Hams local authority area.
• The November 2022 sale price of £267,500 represented a fair market value for the property.
• The size, condition, and specification of 45 TORRE CLOSE has not materially changed since November 2022.

How Large is 45 TORRE CLOSE?

45 TORRE CLOSE is 84m² according to the EPC inspection conducted in February 2014. This puts it in the smallest 20% of terraced houses houses in Ivybridge, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Ivybridge, and where 45 TORRE CLOSE lies on this distribution: 14% of terraced houses houses are smaller than 45 TORRE CLOSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Ivybridge.

45 TORRE CLOSE: Plot and Title Map

45 TORRE CLOSE sits on a plot of roughly 0.054 of an acre, or 217m². The below map shows the location of 45 TORRE CLOSE, 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 45 TORRE CLOSE). 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 45 TORRE CLOSE?

45 TORRE CLOSE is located in IVYBRIDGE, in the PL21 postcode district. The below map shows the position of No. 45 on TORRE CLOSE.