2, FURZE GARDENS, MORWENSTOW, BUDE, EX23 9SX - £365,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 FURZE GARDENS is a very small extended detached house of 87m², built sometime between 1976 and 1982. It was last sold for £365,000 in March 2017, which was around 18% above the average March 2017 detached price in the Cornwall local authority area. The most recent EPC inspection was April 2010, where the current energy rating was D, and the potential energy rating was D.

2 FURZE GARDENS Sold Prices

Land registry data shows three sales for 2 FURZE GARDENS 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. Two of the three 2 FURZE GARDENS sales were for above the average price, whilst one 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
2017 31 MAR	£365,000	£309,696	18% above HPI
2011 11 FEB	£346,000	£277,951	24% above HPI
1997 19 DEC	£78,000	£85,978	9% below HPI

2 FURZE GARDENS 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 FURZE GARDENS sales between December 1997 and March 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 February 2011 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the March 2017 sale, where it falls to 18% above the HPI. The line then continues to track at 18% above the HPI.

How Large is 2 FURZE GARDENS?

2 FURZE GARDENS is 87m², which includes two extensions, according to the EPC inspection conducted in April 2010. This puts it in the smallest 20% of detached houses in Shop, based on EPC data. The below chart shows the distribution of detached houses by size in Shop, and where 2 FURZE GARDENS lies on this distribution: 18% of detached houses are smaller than 2 FURZE GARDENS, and 82% of houses are larger. Note that EPC data is not available for all properties in Shop.

2 FURZE GARDENS: Plot and Title Map

2 FURZE GARDENS sits on a plot of roughly 0.505 of an acre, or 2,045m². The below map shows the location of 2 FURZE GARDENS, 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 FURZE GARDENS). 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 FURZE GARDENS?

2 FURZE GARDENS is located in MORWENSTOW, in the EX23 postcode district. The below map shows the position of No. 2 on FURZE GARDENS.