2, PIT MEADOW, FALMOUTH, TR11 4SF - £250,000

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 PIT MEADOW is a small detached house of 85m², built sometime between 1967 and 1975, which could now be worth an estimated £399,876. It was last sold for £250,000 in November 2012, which was around 9% below the average November 2012 detached price in the Cornwall local authority area. The most recent EPC inspection was June 2012, where the current energy rating was D, and the potential energy rating was C.

2 PIT MEADOW Sold Prices

Land registry data shows two sales for 2 PIT MEADOW since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. Both of the two 2 PIT MEADOW 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
2012 16 NOV	£250,000	£273,354	9% below HPI
2009 5 JUN	£202,500	£255,015	21% below HPI

2 PIT MEADOW 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 two 2 PIT MEADOW sales from June 2009 and November 2012 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 June 2009 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the November 2012 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 2 PIT MEADOW be worth now?

2 PIT MEADOW might now be worth an estimated £399,876.

This is based on house price inflation of 60%, between November 2012 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 60% inflationary increase is applied to the most recent sale price for 2 PIT MEADOW of £250,000 on 16th November 2012. For the value to have increased from £250,000 to £399,876 over the thirteen years and nine months to February 2025, the following assumptions must hold true:

• The value of 2 PIT MEADOW has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The November 2012 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PIT MEADOW has not materially changed since November 2012.

How Large is 2 PIT MEADOW?

2 PIT MEADOW is 85m² according to the EPC inspection conducted in June 2012. This puts it in the smallest 30% of detached houses houses in Falmouth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Falmouth, and where 2 PIT MEADOW lies on this distribution: 22% of detached houses houses are smaller than 2 PIT MEADOW, and 77% of houses are larger. Note that EPC data is not available for all properties in Falmouth.

2 PIT MEADOW: Plot and Title Map

2 PIT MEADOW sits on a plot of roughly 0.110 of an acre, or 444m². The below map shows the location of 2 PIT MEADOW, 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 PIT MEADOW). 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 PIT MEADOW?

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