CROFT COTTAGE, HOBBACOTT LANE, MARHAMCHURCH, BUDE, EX23 0ES - £311,000

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.

CROFT COTTAGE is a small extended detached house of 111m², built sometime between 1900 and 1929, which could now be worth an estimated £412,480. It was last sold for £311,000 in October 2017, which was around 6% below the average October 2017 detached price in the Cornwall local authority area. The most recent EPC inspection was October 2016, where the current energy rating was E, and the potential energy rating was C.

CROFT COTTAGE Sold Prices

Land registry data shows two sales for CROFT COTTAGE 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 CROFT COTTAGE 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
2017 10 OCT	£311,000	£329,662	6% below HPI
1995 1 AUG	£49,000	£70,760	31% below HPI

CROFT COTTAGE 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 CROFT COTTAGE sales from August 1995 and October 2017 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 August 1995 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the October 2017 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might CROFT COTTAGE be worth now?

CROFT COTTAGE might now be worth an estimated £412,480.

This is based on house price inflation of 32.6%, between October 2017 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 32.6% inflationary increase is applied to the most recent sale price for CROFT COTTAGE of £311,000 on 10th October 2017. For the value to have increased from £311,000 to £412,480 over the eight years and eight months to February 2025, the following assumptions must hold true:

• The value of CROFT COTTAGE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The October 2017 sale price of £311,000 represented a fair market value for the property.
• The size, condition, and specification of CROFT COTTAGE has not materially changed since October 2017.

How Large is CROFT COTTAGE?

CROFT COTTAGE is 111m², which includes two extensions, according to the EPC inspection conducted in October 2016. This puts it in the smallest 40% 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 CROFT COTTAGE lies on this distribution: 39% of detached houses houses are smaller than CROFT COTTAGE, and 60% of houses are larger. Note that EPC data is not available for all properties in Marhamchurch.

CROFT COTTAGE: Plot and Title Map

CROFT COTTAGE sits on a plot of roughly 0.105 of an acre, or 424m². The below map shows the location of CROFT COTTAGE, 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 CROFT COTTAGE). 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 CROFT COTTAGE?

CROFT COTTAGE is located on HOBBACOTT LANE in MARHAMCHURCH, in the EX23 postcode district. The below map shows the position of CROFT COTTAGE on HOBBACOTT LANE.