GRACE LODGE, BERKELEY HILL, FALMOUTH, TR11 2BL - £400,000

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

GRACE LODGE is a midsized extended detached house of 110m², built sometime between 1996 and 2002. It was last sold for £400,000 in February 2022, which was around 5% below the average February 2022 detached price in the Cornwall local authority area. The most recent EPC inspection was July 2015, where the current energy rating was D, and the potential energy rating was C.

GRACE LODGE Sold Prices

Land registry data shows two sales for GRACE LODGE 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 GRACE LODGE 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
2022 18 FEB	£400,000	£420,570	5% below HPI
2016 22 FEB	£289,000	£301,849	4% below HPI

GRACE LODGE 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 GRACE LODGE sales from February 2016 and February 2022 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 February 2016 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the February 2022 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is GRACE LODGE?

GRACE LODGE is 110m², which includes two extensions, according to the EPC inspection conducted in July 2015. This puts it in the smallest 50% of detached houses in Falmouth, based on EPC data. The below chart shows the distribution of detached houses by size in Falmouth, and where GRACE LODGE lies on this distribution: 46% of detached houses are smaller than GRACE LODGE, and 53% of houses are larger. Note that EPC data is not available for all properties in Falmouth.

GRACE LODGE: Plot and Title Map

GRACE LODGE sits on a plot of roughly 0.037 of an acre, or 149m². The below map shows the location of GRACE LODGE, 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 GRACE LODGE). 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 GRACE LODGE?

GRACE LODGE is located on BERKELEY HILL in FALMOUTH, in the TR11 postcode district. The below map shows the position of GRACE LODGE on BERKELEY HILL.