8, PARC STEPHNEY, BUDOCK WATER, FALMOUTH, TR11 5EJ - £345,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

8 PARC STEPHNEY is a very small detached house of 46m², built sometime between 1976 and 1982. It was last sold for £345,000 in October 2020, which was around 5% below the average October 2020 detached price in the Cornwall local authority area. The most recent EPC inspection was April 2014, where the current energy rating was D, and the potential energy rating was A.

8 PARC STEPHNEY Sold Prices

Land registry data shows three sales for 8 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. Two of the three 8 PARC STEPHNEY sales were for below the average price, whilst one was 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
2020 16 OCT	£345,000	£364,602	5% below HPI
2013 21 NOV	£229,000	£277,939	18% below HPI
1998 22 JUN	£96,950	£88,388	10% above HPI

8 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 8 PARC STEPHNEY sales between June 1998 and October 2020 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 November 2013 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the October 2020 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is 8 PARC STEPHNEY?

8 PARC STEPHNEY is 46m² according to the EPC inspection conducted in April 2014. This puts it in the smallest 10% of detached houses in Budock Water, based on EPC data. The below chart shows the distribution of detached houses by size in Budock Water, and where 8 PARC STEPHNEY lies on this distribution: Less than 1% of detached houses are smaller than 8 PARC STEPHNEY, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Budock Water.

8 PARC STEPHNEY: Plot and Title Map

8 PARC STEPHNEY sits on a plot of roughly 0.104 of an acre, or 423m². The below map shows the location of 8 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 8 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 8 PARC STEPHNEY?

8 PARC STEPHNEY is located in BUDOCK WATER, in the TR11 postcode district. The below map shows the position of No. 8 on PARC STEPHNEY.