THE LODGE, PARK DRIVE, BODMIN, PL31 2QZ - £200,000

THE LODGE is a very small detached house of 72m², built sometime between 1996 and 2002. It was last sold for £200,000 in March 2019, which was around 40% below the average March 2019 detached price in the Cornwall local authority area. The most recent EPC inspection was January 2018, where the current energy rating was D, and the potential energy rating was B.

THE LODGE Sold Prices

Land registry data shows two sales for THE LODGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. One of the two THE LODGE sales was for below the average price, whilst the other was 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
2019 1 MAR	£200,000	£335,212	40% below HPI
2001 18 MAY	£150,000	£126,825	18% above HPI

THE LODGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cornwall local authority area over time, sourced from the HPI. The two THE LODGE sales from May 2001 and March 2019 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 2001 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the March 2019 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is THE LODGE?

THE LODGE is 72m² according to the EPC inspection conducted in January 2018. This puts it in the smallest 10% of detached houses in Bodmin, based on EPC data. The below chart shows the distribution of detached houses by size in Bodmin, and where THE LODGE lies on this distribution: 6% of detached houses are smaller than THE LODGE, and 92% of houses are larger. Note that EPC data is not available for all properties in Bodmin.

THE LODGE: Plot and Title Map

THE LODGE sits on a plot of roughly 0.038 of an acre, or 154m². The below map shows the location of THE LODGE, 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 THE LODGE). 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 THE LODGE?

THE LODGE is located on PARK DRIVE in BODMIN, in the PL31 postcode district. The below map shows the position of THE LODGE on PARK DRIVE.