1, VILLAGE FARM CLOSE, MARHAMCHURCH, BUDE, EX23 0HN - £425,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 VILLAGE FARM CLOSE is a midsized detached house of 119m², built sometime between 1996 and 2002, which could now be worth an estimated £436,390. It was last sold for £425,000 in August 2024, which was about the average August 2024 detached price in the Cornwall local authority area. The most recent EPC inspection was January 2024, where the current energy rating was C, and the potential energy rating was B.

1 VILLAGE FARM CLOSE Sold Prices

Land registry data shows two sales for 1 VILLAGE FARM CLOSE 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 1 VILLAGE FARM CLOSE sales was roughly equal to 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
2024 1 AUG	£425,000	£425,819	Close to HPI
2003 24 FEB	£149,950	£201,088	25% below HPI

1 VILLAGE FARM CLOSE 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 1 VILLAGE FARM CLOSE sales from February 2003 and August 2024 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 February 2003 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the August 2024 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 1 VILLAGE FARM CLOSE be worth now?

1 VILLAGE FARM CLOSE might now be worth an estimated £436,390.

This is based on house price inflation of 2.7%, between August 2024 and February 2025, for detached houses, in the Cornwall local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.7% inflationary increase is applied to the most recent sale price for 1 VILLAGE FARM CLOSE of £425,000 on 1st August 2024. For the value to have increased from £425,000 to £436,390 over the one year and six months to February 2025, the following assumptions must hold true:

• The value of 1 VILLAGE FARM CLOSE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The August 2024 sale price of £425,000 represented a fair market value for the property.
• The size, condition, and specification of 1 VILLAGE FARM CLOSE has not materially changed since August 2024.

How Large is 1 VILLAGE FARM CLOSE?

1 VILLAGE FARM CLOSE is 119m² according to the EPC inspection conducted in January 2024. This puts it in the largest 50% of detached houses houses in Marhamchurch, based on EPC data. The below chart shows the distribution of detached houses houses by size in Marhamchurch, and where 1 VILLAGE FARM CLOSE lies on this distribution: 54% of detached houses houses are smaller than 1 VILLAGE FARM CLOSE, and 46% of houses are larger. Note that EPC data is not available for all properties in Marhamchurch.

1 VILLAGE FARM CLOSE: Plot and Title Map

1 VILLAGE FARM CLOSE sits on a plot of roughly 0.100 of an acre, or 404m². The below map shows the location of 1 VILLAGE FARM CLOSE, 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 1 VILLAGE FARM CLOSE). 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 1 VILLAGE FARM CLOSE?

1 VILLAGE FARM CLOSE is located in MARHAMCHURCH, in the EX23 postcode district. The below map shows the position of No. 1 on VILLAGE FARM CLOSE.