FAIRBANK, HERMOSA ROAD, TEIGNMOUTH, TQ14 9LA - £600,000

FAIRBANK is a large detached house of 120m², built sometime between 1950 and 1966. It was last sold for £600,000 in June 2021, which was around 45% above the average June 2021 detached price in the Teignbridge local authority area. The most recent EPC inspection was April 2016, where the current energy rating was D, and the potential energy rating was C.

FAIRBANK Sold Prices

Land registry data shows two sales for FAIRBANK 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. One of the two FAIRBANK sales was for above the average price, whilst the other was 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
2021 29 JUN	£600,000	£415,117	45% above HPI
2016 11 JAN	£322,500	£329,356	2% below HPI

FAIRBANK 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 FAIRBANK sales from January 2016 and June 2021 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 January 2016 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the June 2021 sale, where it rises to 45% above the HPI. The line then continues to track at 45% above the HPI.

How Large is FAIRBANK?

FAIRBANK is 120m² according to the EPC inspection conducted in April 2016. This puts it in the largest 40% of detached houses in Teignmouth, based on EPC data. The below chart shows the distribution of detached houses by size in Teignmouth, and where FAIRBANK lies on this distribution: 62% of detached houses are smaller than FAIRBANK, and 37% of houses are larger. Note that EPC data is not available for all properties in Teignmouth.

FAIRBANK: Plot and Title Map

FAIRBANK sits on a plot of roughly 0.181 of an acre, or 733m². The below map shows the location of FAIRBANK, 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 FAIRBANK). 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 FAIRBANK?

FAIRBANK is located on HERMOSA ROAD in TEIGNMOUTH, in the TQ14 postcode district. The below map shows the position of FAIRBANK on HERMOSA ROAD.