12, PARK PLACE, WADEBRIDGE, PL27 7EA - £415,000

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.

12 PARK PLACE is a midsized extended detached house of 103m², built sometime between 1930 and 1949, which could now be worth an estimated £471,017. It was last sold for £415,000 in July 2021, which was around 8% above the average July 2021 detached price in the Cornwall local authority area. The most recent EPC inspection was March 2019, where the current energy rating was C, and the potential energy rating was B.

12 PARK PLACE Sold Prices

Land registry data shows four sales for 12 PARK PLACE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. One of the four 12 PARK PLACE sales was for above the average price, whilst two were 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
2021 23 JUL	£415,000	£385,232	8% above HPI
2019 21 AUG	£345,000	£345,037	Close to HPI
2011 17 JUN	£211,000	£268,820	22% below HPI
1996 10 APR	£54,000	£71,136	24% below HPI

12 PARK PLACE 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 four 12 PARK PLACE sales between April 1996 and July 2021 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 August 2019 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the July 2021 sale, where it rises to 8% above the HPI. The line then continues to track at 8% above the HPI.

What might 12 PARK PLACE be worth now?

12 PARK PLACE might now be worth an estimated £471,017.

This is based on house price inflation of 13.5%, between July 2021 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 13.5% inflationary increase is applied to the most recent sale price for 12 PARK PLACE of £415,000 on 23rd July 2021. For the value to have increased from £415,000 to £471,017 over the four years and five months to February 2025, the following assumptions must hold true:

• The value of 12 PARK PLACE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The July 2021 sale price of £415,000 represented a fair market value for the property.
• The size, condition, and specification of 12 PARK PLACE has not materially changed since July 2021.

How Large is 12 PARK PLACE?

12 PARK PLACE is 103m², which includes two extensions, according to the EPC inspection conducted in March 2019. This puts it in the smallest 50% of detached houses houses in Wadebridge, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wadebridge, and where 12 PARK PLACE lies on this distribution: 44% of detached houses houses are smaller than 12 PARK PLACE, and 56% of houses are larger. Note that EPC data is not available for all properties in Wadebridge.

12 PARK PLACE: Plot and Title Map

12 PARK PLACE sits on a plot of roughly 0.088 of an acre, or 357m². The below map shows the location of 12 PARK PLACE, 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 12 PARK PLACE). 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 12 PARK PLACE?

12 PARK PLACE is located in WADEBRIDGE, in the PL27 postcode district. The below map shows the position of No. 12 on PARK PLACE.