FAIRWATERS, HERBERT ROAD, SALCOMBE, TQ8 8HR - £1,250,000

FAIRWATERS is a midsized extended detached house of 136m², built sometime between 1950 and 1966. It was last sold for £1,250,000 in July 2022, which was around 116% above the average July 2022 detached price in the South Hams local authority area. The most recent EPC inspection was April 2022, where the current energy rating was E, and the potential energy rating was C.

FAIRWATERS Sold Prices

Land registry data shows two sales for FAIRWATERS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Hams local authority area for the corresponding sale date. One of the two FAIRWATERS 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
2022 15 JUL	£1,250,000	£578,882	116% above HPI
1995 11 SEP	£85,000	£95,975	11% below HPI

FAIRWATERS Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Hams local authority area over time, sourced from the HPI. The two FAIRWATERS sales from September 1995 and July 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 September 1995 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the July 2022 sale, where it rises to 116% above the HPI. The line then continues to track at 116% above the HPI.

How Large is FAIRWATERS?

FAIRWATERS is 136m², which includes two extensions, according to the EPC inspection conducted in April 2022. This puts it in the smallest 50% of detached houses in Salcombe, based on EPC data. The below chart shows the distribution of detached houses by size in Salcombe, and where FAIRWATERS lies on this distribution: 41% of detached houses are smaller than FAIRWATERS, and 58% of houses are larger. Note that EPC data is not available for all properties in Salcombe.

FAIRWATERS: Plot and Title Map

FAIRWATERS sits on a plot of roughly 0.196 of an acre, or 793m². The below map shows the location of FAIRWATERS, 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 FAIRWATERS). 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 FAIRWATERS?

FAIRWATERS is located on HERBERT ROAD in SALCOMBE, in the TQ8 postcode district. The below map shows the position of FAIRWATERS on HERBERT ROAD.