HEATHER WAY, LAMBS LANE, FALMOUTH, TR11 2JL - £380,000

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

HEATHER WAY is a midsized extended detached house of 109m², built sometime between 1930 and 1949. It was last sold for £380,000 in March 2018, which was around 16% above the average March 2018 detached price in the Cornwall local authority area. The most recent EPC inspection was November 2017, where the current energy rating was D, and the potential energy rating was C.

HEATHER WAY Sold Prices

Land registry data shows two sales for HEATHER WAY 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 HEATHER WAY 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
2018 26 MAR	£380,000	£328,446	16% above HPI
1997 6 JAN	£78,950	£76,629	3% above HPI

HEATHER WAY 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 HEATHER WAY sales from January 1997 and March 2018 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 January 1997 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the March 2018 sale, where it rises to 16% above the HPI. The line then continues to track at 16% above the HPI.

How Large is HEATHER WAY?

HEATHER WAY is 109m², which includes two extensions, according to the EPC inspection conducted in November 2017. 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 HEATHER WAY lies on this distribution: 45% of detached houses are smaller than HEATHER WAY, and 54% of houses are larger. Note that EPC data is not available for all properties in Falmouth.

HEATHER WAY: Plot and Title Map

HEATHER WAY sits on a plot of roughly 0.218 of an acre, or 881m². The below map shows the location of HEATHER WAY, 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 HEATHER WAY). 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 HEATHER WAY?

HEATHER WAY is located on LAMBS LANE in FALMOUTH, in the TR11 postcode district. The below map shows the position of HEATHER WAY on LAMBS LANE.