FRIENDSHIP CELLAR, THE COVE, COVERACK, HELSTON, TR12 6SX - £420,000

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.

FRIENDSHIP CELLAR is a very large extended detached house of 245m², built sometime between 1967 and 1975, which could now be worth an estimated £648,979. It was last sold for £420,000 in February 2014, which was around 48% above the average February 2014 detached price in the Cornwall local authority area. The most recent EPC inspection was August 2011, where the current energy rating was E, and the potential energy rating was E.

FRIENDSHIP CELLAR Sold Prices

Land registry data shows two sales for FRIENDSHIP CELLAR 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 FRIENDSHIP CELLAR sales were 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
2014 17 FEB	£420,000	£282,963	48% above HPI
1996 1 NOV	£140,000	£76,798	82% above HPI

FRIENDSHIP CELLAR 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 FRIENDSHIP CELLAR sales from November 1996 and February 2014 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 1996 sale was for 82% above the HPI. So the extrapolation line tracks at 82% above the HPI over time, until the February 2014 sale, where it falls to 48% above the HPI. The line then continues to track at 48% above the HPI.

What might FRIENDSHIP CELLAR be worth now?

FRIENDSHIP CELLAR might now be worth an estimated £648,979.

This is based on house price inflation of 54.5%, between February 2014 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 54.5% inflationary increase is applied to the most recent sale price for FRIENDSHIP CELLAR of £420,000 on 17th February 2014. For the value to have increased from £420,000 to £648,979 over the eleven years to February 2025, the following assumptions must hold true:

• The value of FRIENDSHIP CELLAR has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The February 2014 sale price of £420,000 represented a fair market value for the property.
• The size, condition, and specification of FRIENDSHIP CELLAR has not materially changed since February 2014.

How Large is FRIENDSHIP CELLAR?

FRIENDSHIP CELLAR is 245m², which includes one extension, according to the EPC inspection conducted in August 2011. This puts it in the largest 10% of detached houses houses in Coverack, based on EPC data. The below chart shows the distribution of detached houses houses by size in Coverack, and where FRIENDSHIP CELLAR lies on this distribution: 94% of detached houses houses are smaller than FRIENDSHIP CELLAR, and 6% of houses are larger. Note that EPC data is not available for all properties in Coverack.

FRIENDSHIP CELLAR: Plot and Title Map

FRIENDSHIP CELLAR sits on a plot of roughly 0.055 of an acre, or 224m². The below map shows the location of FRIENDSHIP CELLAR, 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 FRIENDSHIP CELLAR). 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 FRIENDSHIP CELLAR?

FRIENDSHIP CELLAR is located on THE COVE in COVERACK, in the TR12 postcode district. The below map shows the position of FRIENDSHIP CELLAR on THE COVE.