GRESHAM HOUSE, OLD POST OFFICE HILL, STRATTON, BUDE, EX23 9DB - £309,000

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

GRESHAM HOUSE is a large extended detached house of 167m², built sometime between 1900 and 1929, which could now be worth an estimated £396,659. It was last sold for £309,000 in January 2020, which was around 11% below the average January 2020 detached price in the Cornwall local authority area. The most recent EPC inspection was July 2019, where the current energy rating was E, and the potential energy rating was B.

GRESHAM HOUSE Sold Prices

Land registry data shows two sales for GRESHAM HOUSE 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 GRESHAM HOUSE 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
2020 22 JAN	£309,000	£345,881	11% below HPI
2008 26 JUN	£280,000	£290,772	4% below HPI

GRESHAM HOUSE 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 GRESHAM HOUSE sales from June 2008 and January 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 June 2008 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the January 2020 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might GRESHAM HOUSE be worth now?

GRESHAM HOUSE might now be worth an estimated £396,659.

This is based on house price inflation of 28.4%, between January 2020 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 28.4% inflationary increase is applied to the most recent sale price for GRESHAM HOUSE of £309,000 on 22nd January 2020. For the value to have increased from £309,000 to £396,659 over the three years and one month to December 2024, the following assumptions must hold true:

• The value of GRESHAM HOUSE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The January 2020 sale price of £309,000 represented a fair market value for the property.
• The size, condition, and specification of GRESHAM HOUSE has not materially changed since January 2020.

How Large is GRESHAM HOUSE?

GRESHAM HOUSE is 167m², which includes three extensions, according to the EPC inspection conducted in July 2019. This puts it in the largest 30% of detached houses houses in Stratton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Stratton, and where GRESHAM HOUSE lies on this distribution: 78% of detached houses houses are smaller than GRESHAM HOUSE, and 22% of houses are larger. Note that EPC data is not available for all properties in Stratton.

GRESHAM HOUSE: Plot and Title Map

GRESHAM HOUSE sits on a plot of roughly 0.073 of an acre, or 295m². The below map shows the location of GRESHAM HOUSE, 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 GRESHAM HOUSE). 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 GRESHAM HOUSE?

GRESHAM HOUSE is located on OLD POST OFFICE HILL in STRATTON, in the EX23 postcode district. The below map shows the position of GRESHAM HOUSE on OLD POST OFFICE HILL.