8, OLD ORCHARD CLOSE, MARHAMCHURCH, BUDE, EX23 0EJ - £220,000

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 OLD ORCHARD CLOSE is a very small detached house of 73m², built sometime between 1996 and 2002, which could now be worth an estimated £347,750. It was last sold for £220,000 in March 2012, which was around 20% below the average March 2012 detached price in the Cornwall local authority area. The most recent EPC inspection was August 2011, where the current energy rating was D, and the potential energy rating was C.

8 OLD ORCHARD CLOSE Sold Prices

Land registry data shows two sales for 8 OLD ORCHARD CLOSE 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 8 OLD ORCHARD 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
2012 8 MAR	£220,000	£276,609	20% below HPI
2000 30 JUN	£84,000	£113,178	26% below HPI

8 OLD ORCHARD 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 two 8 OLD ORCHARD CLOSE sales from June 2000 and March 2012 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 2000 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the March 2012 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 8 OLD ORCHARD CLOSE be worth now?

8 OLD ORCHARD CLOSE might now be worth an estimated £347,750.

This is based on house price inflation of 58.1%, between March 2012 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 58.1% inflationary increase is applied to the most recent sale price for 8 OLD ORCHARD CLOSE of £220,000 on 8th March 2012. For the value to have increased from £220,000 to £347,750 over the thirteen years and one month to February 2025, the following assumptions must hold true:

• The value of 8 OLD ORCHARD CLOSE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The March 2012 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of 8 OLD ORCHARD CLOSE has not materially changed since March 2012.

How Large is 8 OLD ORCHARD CLOSE?

8 OLD ORCHARD CLOSE is 73m² according to the EPC inspection conducted in August 2011. This puts it in the smallest 10% of detached houses houses in Marhamchurch, based on EPC data. The below chart shows the distribution of detached houses houses by size in Marhamchurch, and where 8 OLD ORCHARD CLOSE lies on this distribution: 10% of detached houses houses are smaller than 8 OLD ORCHARD CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Marhamchurch.

8 OLD ORCHARD CLOSE: Plot and Title Map

8 OLD ORCHARD CLOSE sits on a plot of roughly 0.081 of an acre, or 328m². The below map shows the location of 8 OLD ORCHARD 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 OLD ORCHARD 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 OLD ORCHARD CLOSE?

8 OLD ORCHARD CLOSE is located in MARHAMCHURCH, in the EX23 postcode district. The below map shows the position of No. 8 on OLD ORCHARD CLOSE.