MONTEREY, VEILLE LANE, TORQUAY, TQ2 7HA - £450,000

MONTEREY is a very large extended detached house of 229m², built sometime between 1950 and 1966. It was last sold for £450,000 in January 2014, which was around 71% above the average January 2014 detached price in the Torbay local authority area. The most recent EPC inspection was June 2014, where the current energy rating was D, and the potential energy rating was C.

MONTEREY Sold Prices

Land registry data shows four sales for MONTEREY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Torbay local authority area for the corresponding sale date. Most of the four MONTEREY 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
2014 31 JAN	£450,000	£263,813	71% above HPI
2004 7 JUL	£269,000	£240,610	12% above HPI
2002 30 APR	£160,000	£159,142	1% above HPI
1995 29 NOV	£50,000	£80,205	38% below HPI

MONTEREY 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 four MONTEREY sales between November 1995 and January 2014 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 July 2004 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the January 2014 sale, where it rises to 71% above the HPI. The line then continues to track at 71% above the HPI.

How Large is MONTEREY?

MONTEREY is 229m², which includes one extension, according to the EPC inspection conducted in June 2014. 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 MONTEREY lies on this distribution: 96% of detached houses are smaller than MONTEREY, and 4% of houses are larger. Note that EPC data is not available for all properties in Paignton.

MONTEREY: Plot and Title Map

MONTEREY sits on a plot of roughly 0.300 of an acre, or 1,212m². The below map shows the location of MONTEREY, 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 MONTEREY). 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 MONTEREY?

MONTEREY is located on VEILLE LANE in TORQUAY, in the TQ2 postcode district. The below map shows the position of MONTEREY on VEILLE LANE.