7, PARC STEPHNEY, BUDOCK WATER, FALMOUTH, TR11 5EJ - £285,000

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.

7 PARC STEPHNEY is a small detached house of 90m², built sometime between 1976 and 1982, which could now be worth an estimated £414,652. It was last sold for £285,000 in May 2015, which was around 5% below the average May 2015 detached price in the Cornwall local authority area. The most recent EPC inspection was June 2015, where the current energy rating was C, and the potential energy rating was B.

7 PARC STEPHNEY Sold Prices

Land registry data shows three sales for 7 PARC STEPHNEY 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 7 PARC STEPHNEY 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
2015 29 MAY	£285,000	£300,519	5% below HPI
2012 5 OCT	£245,000	£269,884	9% below HPI
2005 20 DEC	£240,000	£264,682	9% below HPI

7 PARC STEPHNEY 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 7 PARC STEPHNEY sales between December 2005 and May 2015 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 October 2012 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the May 2015 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might 7 PARC STEPHNEY be worth now?

7 PARC STEPHNEY might now be worth an estimated £414,652.

This is based on house price inflation of 45.5%, between May 2015 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 45.5% inflationary increase is applied to the most recent sale price for 7 PARC STEPHNEY of £285,000 on 29th May 2015. For the value to have increased from £285,000 to £414,652 over the ten years and three months to February 2025, the following assumptions must hold true:

• The value of 7 PARC STEPHNEY has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The May 2015 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of 7 PARC STEPHNEY has not materially changed since May 2015.

How Large is 7 PARC STEPHNEY?

7 PARC STEPHNEY is 90m² according to the EPC inspection conducted in June 2015. This puts it in the smallest 40% of detached houses houses in Budock Water, based on EPC data. The below chart shows the distribution of detached houses houses by size in Budock Water, and where 7 PARC STEPHNEY lies on this distribution: 37% of detached houses houses are smaller than 7 PARC STEPHNEY, and 61% of houses are larger. Note that EPC data is not available for all properties in Budock Water.

7 PARC STEPHNEY: Plot and Title Map

7 PARC STEPHNEY sits on a plot of roughly 0.116 of an acre, or 468m². The below map shows the location of 7 PARC STEPHNEY, 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 7 PARC STEPHNEY). 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 7 PARC STEPHNEY?

7 PARC STEPHNEY is located in BUDOCK WATER, in the TR11 postcode district. The below map shows the position of No. 7 on PARC STEPHNEY.