FAIR ACRES, EXETER ROAD, NEWTON ABBOT, TQ12 6PP - £525,000

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.

FAIR ACRES is a very large extended detached house of 179m², built sometime between 1950 and 1966, which could now be worth an estimated £616,022. It was last sold for £525,000 in November 2020, which was around 32% above the average November 2020 detached price in the Teignbridge local authority area. The most recent EPC inspection was April 2019, where the current energy rating was D, and the potential energy rating was C.

FAIR ACRES Sold Prices

Land registry data shows two sales for FAIR ACRES since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Teignbridge local authority area for the corresponding sale date. Both of the two FAIR ACRES sales were 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 19 NOV	£525,000	£398,392	32% above HPI
2009 23 OCT	£440,000	£277,551	59% above HPI

FAIR ACRES Price Paid vs. HPI Average

The below graph shows the average detached house price in the Teignbridge local authority area over time, sourced from the HPI. The two FAIR ACRES sales from October 2009 and November 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 October 2009 sale was for 59% above the HPI. So the extrapolation line tracks at 59% above the HPI over time, until the November 2020 sale, where it falls to 32% above the HPI. The line then continues to track at 32% above the HPI.

What might FAIR ACRES be worth now?

FAIR ACRES might now be worth an estimated £616,022.

This is based on house price inflation of 17.3%, between November 2020 and February 2025, for detached 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 17.3% inflationary increase is applied to the most recent sale price for FAIR ACRES of £525,000 on 19th November 2020. For the value to have increased from £525,000 to £616,022 over the five years and nine months to February 2025, the following assumptions must hold true:

• The value of FAIR ACRES has moved in line with the HPI for detached houses in the Teignbridge local authority area.
• The November 2020 sale price of £525,000 represented a fair market value for the property.
• The size, condition, and specification of FAIR ACRES has not materially changed since November 2020.

How Large is FAIR ACRES?

FAIR ACRES is 179m², which includes one extension, according to the EPC inspection conducted in April 2019. This puts it in the largest 20% of detached houses houses in Newton Abbot, based on EPC data. The below chart shows the distribution of detached houses houses by size in Newton Abbot, and where FAIR ACRES lies on this distribution: 89% of detached houses houses are smaller than FAIR ACRES, and 11% of houses are larger. Note that EPC data is not available for all properties in Newton Abbot.

FAIR ACRES: Plot and Title Map

FAIR ACRES sits on a plot of roughly 0.580 of an acre, or 2,348m². The below map shows the location of FAIR ACRES, 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 FAIR ACRES). 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 FAIR ACRES?

FAIR ACRES is located on EXETER ROAD in NEWTON ABBOT, in the TQ12 postcode district. The below map shows the position of FAIR ACRES on EXETER ROAD.