5, CHURCH WAY, FALMOUTH, TR11 4SG - £235,000

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.

5 CHURCH WAY is a very small detached house of 43m², built sometime between 1967 and 1975, which could now be worth an estimated £267,105. It was last sold for £235,000 in February 2021, which was around 39% below the average February 2021 detached price in the Cornwall local authority area. The most recent EPC inspection was July 2020, where the current energy rating was D, and the potential energy rating was B.

5 CHURCH WAY Sold Prices

Land registry data shows two sales for 5 CHURCH WAY 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 5 CHURCH WAY 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
2021 11 FEB	£235,000	£384,678	39% below HPI
1995 10 MAY	£42,000	£71,860	42% below HPI

5 CHURCH WAY 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 5 CHURCH WAY sales from May 1995 and February 2021 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 1995 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the February 2021 sale, where it rises to 39% below the HPI. The line then continues to track at 39% below the HPI.

What might 5 CHURCH WAY be worth now?

5 CHURCH WAY might now be worth an estimated £267,105.

This is based on house price inflation of 13.7%, between February 2021 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 13.7% inflationary increase is applied to the most recent sale price for 5 CHURCH WAY of £235,000 on 11th February 2021. For the value to have increased from £235,000 to £267,105 over the four years to February 2025, the following assumptions must hold true:

• The value of 5 CHURCH WAY has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The February 2021 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of 5 CHURCH WAY has not materially changed since February 2021.

How Large is 5 CHURCH WAY?

5 CHURCH WAY is 43m² according to the EPC inspection conducted in July 2020. This puts it in the smallest 10% 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 5 CHURCH WAY lies on this distribution: Less than 1% of detached houses houses are smaller than 5 CHURCH WAY, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Falmouth.

5 CHURCH WAY: Plot and Title Map

5 CHURCH WAY sits on a plot of roughly 0.062 of an acre, or 251m². The below map shows the location of 5 CHURCH WAY, 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 5 CHURCH WAY). 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 5 CHURCH WAY?

5 CHURCH WAY is located in FALMOUTH, in the TR11 postcode district. The below map shows the position of No. 5 on CHURCH WAY.