GREEN BANK, HOBBACOTT LANE, MARHAMCHURCH, BUDE, EX23 0ES - £250,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

GREEN BANK is a very small extended detached house of 78m², built sometime between 1930 and 1949, which could now be worth an estimated £401,714. It was last sold for £250,000 in November 2011, which was around 10% below the average November 2011 detached price in the Cornwall local authority area. The most recent EPC inspection was May 2011, where the current energy rating was E, and the potential energy rating was E.

GREEN BANK Sold Prices

Land registry data shows three sales for GREEN BANK 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. All of the three GREEN BANK 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
2011 9 NOV	£250,000	£276,318	10% below HPI
1999 4 AUG	£89,950	£99,651	10% below HPI
1997 4 JUL	£66,000	£82,169	20% below HPI

GREEN BANK 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 GREEN BANK sales between July 1997 and November 2011 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 1999 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the November 2011 sale, which was also at 10% below the HPI.

What might GREEN BANK be worth now?

GREEN BANK might now be worth an estimated £401,714.

This is based on house price inflation of 60.7%, between November 2011 and December 2024, 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 60.7% inflationary increase is applied to the most recent sale price for GREEN BANK of £250,000 on 9th November 2011. For the value to have increased from £250,000 to £401,714 over the twelve years and eleven months to December 2024, the following assumptions must hold true:

• The value of GREEN BANK has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The November 2011 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of GREEN BANK has not materially changed since November 2011.

How Large is GREEN BANK?

GREEN BANK is 78m², which includes one extension, according to the EPC inspection conducted in May 2011. This puts it in the smallest 20% 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 GREEN BANK lies on this distribution: 17% of detached houses houses are smaller than GREEN BANK, and 83% of houses are larger. Note that EPC data is not available for all properties in Marhamchurch.

GREEN BANK: Plot and Title Map

GREEN BANK sits on a plot of roughly 0.093 of an acre, or 378m². The below map shows the location of GREEN BANK, 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 GREEN BANK). 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 GREEN BANK?

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