CORNERWAYS, WARREN CLOSE, TORRINGTON, EX38 8DR - £257,500

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.

CORNERWAYS is a very small extended detached house of 76m², built sometime between 1950 and 1966, which could now be worth an estimated £311,584. It was last sold for £257,500 in May 2018, which was around 19% below the average May 2018 detached price in the Torridge local authority area. The most recent EPC inspection was March 2015, where the current energy rating was D, and the potential energy rating was B.

CORNERWAYS Sold Prices

Land registry data shows three sales for CORNERWAYS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Torridge local authority area for the corresponding sale date. All of the three CORNERWAYS 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
2018 21 MAY	£257,500	£319,816	19% below HPI
2015 17 AUG	£215,000	£286,077	25% below HPI
2011 15 JUL	£173,000	£249,225	31% below HPI

CORNERWAYS 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 three CORNERWAYS sales between July 2011 and May 2018 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 August 2015 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the May 2018 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might CORNERWAYS be worth now?

CORNERWAYS might now be worth an estimated £311,584.

This is based on house price inflation of 21%, between May 2018 and April 2026, for detached 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 21% inflationary increase is applied to the most recent sale price for CORNERWAYS of £257,500 on 21st May 2018. For the value to have increased from £257,500 to £311,584 over the eight years and one month to April 2026, the following assumptions must hold true:

• The value of CORNERWAYS has moved in line with the HPI for detached houses in the Torridge local authority area.
• The May 2018 sale price of £257,500 represented a fair market value for the property.
• The size, condition, and specification of CORNERWAYS has not materially changed since May 2018.

How Large is CORNERWAYS?

CORNERWAYS is 76m², which includes one extension, according to the EPC inspection conducted in March 2015. This puts it in the smallest 20% of detached houses houses in Great Torrington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Great Torrington, and where CORNERWAYS lies on this distribution: 20% of detached houses houses are smaller than CORNERWAYS, and 80% of houses are larger. Note that EPC data is not available for all properties in Great Torrington.

CORNERWAYS: Plot and Title Map

CORNERWAYS sits on a plot of roughly 0.123 of an acre, or 497m². The below map shows the location of CORNERWAYS, 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 CORNERWAYS). 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 CORNERWAYS?

CORNERWAYS is located on WARREN CLOSE in TORRINGTON, in the EX38 postcode district. The below map shows the position of CORNERWAYS on WARREN CLOSE.