2, LAMBS LANE, FALMOUTH, TR11 2JL - £550,000

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 LAMBS LANE is a large detached house of 126m², built sometime between 1930 and 1949. It was last sold for £550,000 in May 2021, which was around 46% above the average May 2021 detached price in the Cornwall local authority area. The most recent EPC inspection was December 2014, where the current energy rating was E, and the potential energy rating was C.

2 LAMBS LANE Sold Prices

Land registry data shows three sales for 2 LAMBS LANE 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. All of the three 2 LAMBS LANE sales 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
2021 14 MAY	£550,000	£375,609	46% above HPI
2015 22 MAY	£327,000	£295,858	11% above HPI
2005 17 JUN	£305,000	£258,643	18% above HPI

2 LAMBS LANE 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 LAMBS LANE sales between June 2005 and May 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 May 2015 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the May 2021 sale, where it rises to 46% above the HPI. The line then continues to track at 46% above the HPI.

How Large is 2 LAMBS LANE?

2 LAMBS LANE is 126m² according to the EPC inspection conducted in December 2014. This puts it in the largest 40% of detached houses in Falmouth, based on EPC data. The below chart shows the distribution of detached houses by size in Falmouth, and where 2 LAMBS LANE lies on this distribution: 64% of detached houses are smaller than 2 LAMBS LANE, and 35% of houses are larger. Note that EPC data is not available for all properties in Falmouth.

2 LAMBS LANE: Plot and Title Map

2 LAMBS LANE sits on a plot of roughly 0.125 of an acre, or 507m². The below map shows the location of 2 LAMBS LANE, 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 LAMBS LANE). 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 LAMBS LANE?

2 LAMBS LANE is located in FALMOUTH, in the TR11 postcode district. The below map shows the position of No. 2 on LAMBS LANE.