2, PARC STEPHNEY, BUDOCK WATER, FALMOUTH, TR11 5EJ - £285,000

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.

2 PARC STEPHNEY is a small detached house of 87m², built sometime between 1976 and 1982, which could now be worth an estimated £336,470. It was last sold for £285,000 in October 2020, which was around 23% below the average October 2020 detached price in the Cornwall local authority area. The most recent EPC inspection was February 2019, where the current energy rating was E, and the potential energy rating was C.

2 PARC STEPHNEY Sold Prices

Land registry data shows five sales for 2 PARC STEPHNEY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. All of the five 2 PARC STEPHNEY sales 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
2020 29 OCT	£285,000	£370,347	23% below HPI
2016 7 MAR	£265,000	£312,172	15% below HPI
2012 22 MAR	£240,000	£276,609	13% below HPI
2006 1 SEP	£249,950	£280,018	11% below HPI
2000 20 OCT	£94,950	£124,470	24% below HPI

2 PARC STEPHNEY 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 five 2 PARC STEPHNEY sales between October 2000 and October 2020 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 March 2016 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the October 2020 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 2 PARC STEPHNEY be worth now?

2 PARC STEPHNEY might now be worth an estimated £336,470.

This is based on house price inflation of 18.1%, between October 2020 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 18.1% inflationary increase is applied to the most recent sale price for 2 PARC STEPHNEY of £285,000 on 29th October 2020. For the value to have increased from £285,000 to £336,470 over the five years and eight months to February 2025, the following assumptions must hold true:

• The value of 2 PARC STEPHNEY has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The October 2020 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PARC STEPHNEY has not materially changed since October 2020.

How Large is 2 PARC STEPHNEY?

2 PARC STEPHNEY is 87m² according to the EPC inspection conducted in February 2019. This puts it in the smallest 40% of detached houses houses in Budock Water, based on EPC data. The below chart shows the distribution of detached houses houses by size in Budock Water, and where 2 PARC STEPHNEY lies on this distribution: 31% of detached houses houses are smaller than 2 PARC STEPHNEY, and 68% of houses are larger. Note that EPC data is not available for all properties in Budock Water.

2 PARC STEPHNEY: Plot and Title Map

2 PARC STEPHNEY sits on a plot of roughly 0.102 of an acre, or 414m². The below map shows the location of 2 PARC STEPHNEY, 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 PARC STEPHNEY). 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 PARC STEPHNEY?

2 PARC STEPHNEY is located in BUDOCK WATER, in the TR11 postcode district. The below map shows the position of No. 2 on PARC STEPHNEY.