2, CORMORANT CLOSE, BUDE, EX23 8FJ - £325,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 CORMORANT CLOSE is a large detached house of 123m², which could now be worth an estimated £438,774. It was last sold for £325,000 in November 2017, which was around 1% below the average November 2017 detached price in the Cornwall local authority area. The most recent EPC inspection was May 2014, where the current energy rating was B, and the potential energy rating was A.

2 CORMORANT CLOSE Sold Prices

Land registry data shows three sales for 2 CORMORANT CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. One of the three 2 CORMORANT CLOSE sales was for below the average price, whilst two 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
2017 10 NOV	£325,000	£328,873	1% below HPI
2017 13 SEP	£339,000	£326,936	4% above HPI
2015 30 JUN	£339,950	£301,492	13% above HPI

2 CORMORANT 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 three 2 CORMORANT CLOSE sales between June 2015 and November 2017 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 September 2017 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the November 2017 sale, where it falls to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 2 CORMORANT CLOSE be worth now?

2 CORMORANT CLOSE might now be worth an estimated £438,774.

This is based on house price inflation of 35%, between November 2017 and December 2024, 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 35% inflationary increase is applied to the most recent sale price for 2 CORMORANT CLOSE of £325,000 on 10th November 2017. For the value to have increased from £325,000 to £438,774 over the six years and eleven months to December 2024, the following assumptions must hold true:

• The value of 2 CORMORANT CLOSE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The November 2017 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 2 CORMORANT CLOSE has not materially changed since November 2017.

How Large is 2 CORMORANT CLOSE?

2 CORMORANT CLOSE is 123m² according to the EPC inspection conducted in May 2014. This puts it in the largest 40% of detached houses houses in Bude, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bude, and where 2 CORMORANT CLOSE lies on this distribution: 63% of detached houses houses are smaller than 2 CORMORANT CLOSE, and 36% of houses are larger. Note that EPC data is not available for all properties in Bude.

2 CORMORANT CLOSE: Plot and Title Map

2 CORMORANT CLOSE sits on a plot of roughly 0.107 of an acre, or 435m². The below map shows the location of 2 CORMORANT 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 2 CORMORANT 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 2 CORMORANT CLOSE?

2 CORMORANT CLOSE is located in BUDE, in the EX23 postcode district. The below map shows the position of No. 2 on CORMORANT CLOSE.