2, PENKENNA CLOSE, CRACKINGTON HAVEN, BUDE, EX23 0PF - £400,000

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 PENKENNA CLOSE is a small extended detached house of 82m², built sometime between 1976 and 1982, which could now be worth an estimated £382,807. It was last sold for £400,000 in January 2023, which was around 12% below the average January 2023 detached price in the Cornwall local authority area. The most recent EPC inspection was June 2016, where the current energy rating was E, and the potential energy rating was C.

2 PENKENNA CLOSE Sold Prices

Land registry data shows four sales for 2 PENKENNA CLOSE 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. All of the four 2 PENKENNA CLOSE 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
2023 26 JAN	£400,000	£456,868	12% below HPI
2017 27 FEB	£270,000	£312,880	14% below HPI
2013 16 OCT	£237,500	£281,992	16% below HPI
2007 12 FEB	£215,000	£286,998	25% below HPI

2 PENKENNA 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 four 2 PENKENNA CLOSE sales between February 2007 and January 2023 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 2017 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the January 2023 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 2 PENKENNA CLOSE be worth now?

2 PENKENNA CLOSE might now be worth an estimated £382,807.

This is based on house price deflation of 4.3%, between January 2023 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 4.3% deflationary decrease is applied to the most recent sale price for 2 PENKENNA CLOSE of £400,000 on 26th January 2023. For the value to have decreased from £400,000 to £382,807 over the one year and eleven months to February 2025, the following assumptions must hold true:

• The value of 2 PENKENNA CLOSE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The January 2023 sale price of £400,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PENKENNA CLOSE has not materially changed since January 2023.

How Large is 2 PENKENNA CLOSE?

2 PENKENNA CLOSE is 82m², which includes one extension, according to the EPC inspection conducted in June 2016. This puts it in the smallest 30% of detached houses houses in Middle Crackington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Middle Crackington, and where 2 PENKENNA CLOSE lies on this distribution: 24% of detached houses houses are smaller than 2 PENKENNA CLOSE, and 71% of houses are larger. Note that EPC data is not available for all properties in Middle Crackington.

2 PENKENNA CLOSE: Plot and Title Map

2 PENKENNA CLOSE sits on a plot of roughly 0.148 of an acre, or 600m². The below map shows the location of 2 PENKENNA 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 PENKENNA 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 PENKENNA CLOSE?

2 PENKENNA CLOSE is located in CRACKINGTON HAVEN, in the EX23 postcode district. The below map shows the position of No. 2 on PENKENNA CLOSE.