MEADWAY, LOWER PENNS ROAD, PRESTON, PAIGNTON, TQ3 1JE - £800,000

MEADWAY is a very large detached house of 229m², built sometime between 1950 and 1966. It was last sold for £800,000 in May 2022, which was around 87% above the average May 2022 detached price in the Torbay local authority area. The most recent EPC inspection was November 2021, where the current energy rating was C, and the potential energy rating was C.

MEADWAY Sold Prices

Land registry data shows two sales for MEADWAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Torbay local authority area for the corresponding sale date. Both of the two MEADWAY 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
2022 13 MAY	£800,000	£427,517	87% above HPI
2008 9 MAY	£395,000	£282,907	40% above HPI

MEADWAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Torbay local authority area over time, sourced from the HPI. The two MEADWAY sales from May 2008 and May 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 May 2008 sale was for 40% above the HPI. So the extrapolation line tracks at 40% above the HPI over time, until the May 2022 sale, where it rises to 87% above the HPI. The line then continues to track at 87% above the HPI.

How Large is MEADWAY?

MEADWAY is 229m² according to the EPC inspection conducted in November 2021. This puts it in the largest 10% of detached houses in Paignton, based on EPC data. The below chart shows the distribution of detached houses by size in Paignton, and where MEADWAY lies on this distribution: 96% of detached houses are smaller than MEADWAY, and 4% of houses are larger. Note that EPC data is not available for all properties in Paignton.

MEADWAY: Plot and Title Map

MEADWAY sits on a plot of roughly 0.195 of an acre, or 789m². The below map shows the location of MEADWAY, 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 MEADWAY). 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 MEADWAY?

MEADWAY is located on LOWER PENNS ROAD in PRESTON, in the TQ3 postcode district. The below map shows the position of MEADWAY on LOWER PENNS ROAD.