8, FRANKLIN CLOSE, WADEBRIDGE, PL27 6BH - £390,000

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.

8 FRANKLIN CLOSE is a very large extended detached house of 148m², built sometime between 1983 and 1990, which could now be worth an estimated £494,917. It was last sold for £390,000 in November 2018, which was around 13% above the average November 2018 detached price in the Cornwall local authority area. The most recent EPC inspection was September 2018, where the current energy rating was C, and the potential energy rating was B.

8 FRANKLIN CLOSE Sold Prices

Land registry data shows three sales for 8 FRANKLIN 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. Two of the three 8 FRANKLIN CLOSE sales were for above the average price, whilst one was 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
2018 27 NOV	£390,000	£344,543	13% above HPI
2018 10 OCT	£327,000	£341,588	4% below HPI
1997 12 DEC	£107,950	£87,333	24% above HPI

8 FRANKLIN 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 8 FRANKLIN CLOSE sales between December 1997 and November 2018 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 2018 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the November 2018 sale, where it rises to 13% above the HPI. The line then continues to track at 13% above the HPI.

What might 8 FRANKLIN CLOSE be worth now?

8 FRANKLIN CLOSE might now be worth an estimated £494,917.

This is based on house price inflation of 26.9%, between November 2018 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 26.9% inflationary increase is applied to the most recent sale price for 8 FRANKLIN CLOSE of £390,000 on 27th November 2018. For the value to have increased from £390,000 to £494,917 over the seven years and nine months to February 2025, the following assumptions must hold true:

• The value of 8 FRANKLIN CLOSE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The November 2018 sale price of £390,000 represented a fair market value for the property.
• The size, condition, and specification of 8 FRANKLIN CLOSE has not materially changed since November 2018.

How Large is 8 FRANKLIN CLOSE?

8 FRANKLIN CLOSE is 148m², which includes two extensions, according to the EPC inspection conducted in September 2018. This puts it in the largest 20% of detached houses houses in Wadebridge, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wadebridge, and where 8 FRANKLIN CLOSE lies on this distribution: 82% of detached houses houses are smaller than 8 FRANKLIN CLOSE, and 18% of houses are larger. Note that EPC data is not available for all properties in Wadebridge.

8 FRANKLIN CLOSE: Plot and Title Map

8 FRANKLIN CLOSE sits on a plot of roughly 0.142 of an acre, or 575m². The below map shows the location of 8 FRANKLIN 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 8 FRANKLIN 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 8 FRANKLIN CLOSE?

8 FRANKLIN CLOSE is located in WADEBRIDGE, in the PL27 postcode district. The below map shows the position of No. 8 on FRANKLIN CLOSE.