5, SOUTHBANK, RUNDLE ROAD, NEWTON ABBOT, TQ12 2PY - £185,000

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.

5 SOUTHBANK is a very small terraced house of 84m², built sometime between 1976 and 1982, which could now be worth an estimated £240,730. It was last sold for £185,000 in April 2019, which was around 1% below the average April 2019 terraced price in the Teignbridge local authority area. The most recent EPC inspection was May 2018, where the current energy rating was D, and the potential energy rating was B.

5 SOUTHBANK Sold Prices

Land registry data shows two sales for 5 SOUTHBANK since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Teignbridge local authority area for the corresponding sale date. One of the two 5 SOUTHBANK sales was for below the average price, whilst the other 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
2019 18 APR	£185,000	£186,061	1% below HPI
1997 12 SEP	£63,500	£45,860	38% above HPI

5 SOUTHBANK Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Teignbridge local authority area over time, sourced from the HPI. The two 5 SOUTHBANK sales from September 1997 and April 2019 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 1997 sale was for 38% above the HPI. So the extrapolation line tracks at 38% above the HPI over time, until the April 2019 sale, where it falls to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 5 SOUTHBANK be worth now?

5 SOUTHBANK might now be worth an estimated £240,730.

This is based on house price inflation of 30.1%, between April 2019 and June 2025, for terraced houses, in the Teignbridge local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 30.1% inflationary increase is applied to the most recent sale price for 5 SOUTHBANK of £185,000 on 18th April 2019. For the value to have increased from £185,000 to £240,730 over the five years and ten months to June 2025, the following assumptions must hold true:

• The value of 5 SOUTHBANK has moved in line with the HPI for terraced houses in the Teignbridge local authority area.
• The April 2019 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of 5 SOUTHBANK has not materially changed since April 2019.

How Large is 5 SOUTHBANK?

5 SOUTHBANK is 84m² according to the EPC inspection conducted in May 2018. This puts it in the smallest 20% of terraced houses houses in Newton Abbot, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Newton Abbot, and where 5 SOUTHBANK lies on this distribution: 18% of terraced houses houses are smaller than 5 SOUTHBANK, and 81% of houses are larger. Note that EPC data is not available for all properties in Newton Abbot.

5 SOUTHBANK: Plot and Title Map

5 SOUTHBANK sits on a plot of roughly 0.062 of an acre, or 251m². The below map shows the location of 5 SOUTHBANK, 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 5 SOUTHBANK). 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 5 SOUTHBANK?

5 SOUTHBANK is located on RUNDLE ROAD in NEWTON ABBOT, in the TQ12 postcode district. The below map shows the position of 5 SOUTHBANK on RUNDLE ROAD.