3, PARC FER CLOSE, STRATTON, BUDE, EX23 9TA - £125,950

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

3 PARC FER CLOSE is a very small detached house of 74m², built sometime between 1967 and 1975, which could now be worth an estimated £434,101. It was last sold for £125,950 in May 2001, which was around 2% below the average May 2001 detached price in the Cornwall local authority area. The most recent EPC inspection was June 2014, where the current energy rating was B, and the potential energy rating was A.

3 PARC FER CLOSE Sold Prices

Land registry data shows three sales for 3 PARC FER CLOSE 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 3 PARC FER 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
2001 25 MAY	£125,950	£128,823	2% below HPI
2000 15 MAY	£99,000	£110,860	11% below HPI
1996 7 JUN	£65,000	£72,447	10% below HPI

3 PARC FER 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 three 3 PARC FER CLOSE sales between June 1996 and May 2001 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 2000 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the May 2001 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 3 PARC FER CLOSE be worth now?

3 PARC FER CLOSE might now be worth an estimated £434,101.

This is based on house price inflation of 244.7%, between May 2001 and December 2024, 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 244.7% inflationary increase is applied to the most recent sale price for 3 PARC FER CLOSE of £125,950 on 25th May 2001. For the value to have increased from £125,950 to £434,101 over the 22 years and five months to December 2024, the following assumptions must hold true:

• The value of 3 PARC FER CLOSE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The May 2001 sale price of £125,950 represented a fair market value for the property.
• The size, condition, and specification of 3 PARC FER CLOSE has not materially changed since May 2001.

How Large is 3 PARC FER CLOSE?

3 PARC FER CLOSE is 74m² according to the EPC inspection conducted in June 2014. This puts it in the smallest 20% of detached houses houses in Stratton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Stratton, and where 3 PARC FER CLOSE lies on this distribution: 11% of detached houses houses are smaller than 3 PARC FER CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Stratton.

3 PARC FER CLOSE: Plot and Title Map

3 PARC FER CLOSE sits on a plot of roughly 0.103 of an acre, or 416m². The below map shows the location of 3 PARC FER 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 3 PARC FER 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 3 PARC FER CLOSE?

3 PARC FER CLOSE is located in STRATTON, in the EX23 postcode district. The below map shows the position of No. 3 on PARC FER CLOSE.