3, PROSPECT PLACE, FALMOUTH, TR11 2PE - £362,000

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.

3 PROSPECT PLACE is a midsized extended detached house of 117m², built sometime before 1900, which could now be worth an estimated £536,093. It was last sold for £362,000 in July 2007, which was around 23% above the average July 2007 detached price in the Cornwall local authority area. The most recent EPC inspection was January 2012, where the current energy rating was D, and the potential energy rating was D.

3 PROSPECT PLACE Sold Prices

Land registry data shows two sales for 3 PROSPECT PLACE 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 3 PROSPECT PLACE 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
2007 27 JUL	£362,000	£295,243	23% above HPI
2004 23 JUN	£275,000	£244,795	12% above HPI

3 PROSPECT PLACE 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 3 PROSPECT PLACE sales from June 2004 and July 2007 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 2004 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the July 2007 sale, where it rises to 23% above the HPI. The line then continues to track at 23% above the HPI.

What might 3 PROSPECT PLACE be worth now?

3 PROSPECT PLACE might now be worth an estimated £536,093.

This is based on house price inflation of 48.1%, between July 2007 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 48.1% inflationary increase is applied to the most recent sale price for 3 PROSPECT PLACE of £362,000 on 27th July 2007. For the value to have increased from £362,000 to £536,093 over the eighteen years and five months to February 2025, the following assumptions must hold true:

• The value of 3 PROSPECT PLACE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The July 2007 sale price of £362,000 represented a fair market value for the property.
• The size, condition, and specification of 3 PROSPECT PLACE has not materially changed since July 2007.

How Large is 3 PROSPECT PLACE?

3 PROSPECT PLACE is 117m², which includes one extension, according to the EPC inspection conducted in January 2012. This puts it in the largest 50% 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 3 PROSPECT PLACE lies on this distribution: 55% of detached houses houses are smaller than 3 PROSPECT PLACE, and 45% of houses are larger. Note that EPC data is not available for all properties in Falmouth.

3 PROSPECT PLACE: Plot and Title Map

3 PROSPECT PLACE sits on a plot of roughly 0.022 of an acre, or 90m². The below map shows the location of 3 PROSPECT PLACE, 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 PROSPECT PLACE). 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 PROSPECT PLACE?

3 PROSPECT PLACE is located in FALMOUTH, in the TR11 postcode district. The below map shows the position of No. 3 on PROSPECT PLACE.