HOPE BARN, FOWEY, PL23 1HQ - £770,000

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

HOPE BARN is a large extended detached house of 133m², built sometime between 1996 and 2002. It was last sold for £770,000 in September 2023, which was around 70% above the average September 2023 detached price in the Cornwall local authority area. The most recent EPC inspection was March 2023, where the current energy rating was C, and the potential energy rating was A.

HOPE BARN Sold Prices

Land registry data shows three sales for HOPE BARN 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. Two of the three HOPE BARN sales were for above the average price, whilst one was 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
2023 22 SEP	£770,000	£452,378	70% above HPI
2015 6 MAY	£482,500	£300,519	61% above HPI
2002 17 MAY	£125,000	£157,046	20% below HPI

HOPE BARN 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 HOPE BARN sales between May 2002 and September 2023 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 May 2015 sale was for 61% above the HPI. So the extrapolation line tracks at 61% above the HPI over time, until the September 2023 sale, where it rises to 70% above the HPI. The line then continues to track at 70% above the HPI.

What might HOPE BARN be worth now?

HOPE BARN might now be worth an estimated £755,745.

This is based on house price deflation of 1.9%, between September 2023 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 1.9% deflationary decrease is applied to the most recent sale price for HOPE BARN of £770,000 on 22nd September 2023. For the value to have decreased from £770,000 to £755,745 over the nine months to December 2024, the following assumptions must hold true:

• The value of HOPE BARN has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The September 2023 sale price of £770,000 represented a fair market value for the property.
• The size, condition, and specification of HOPE BARN has not materially changed since September 2023.

How Large is HOPE BARN?

HOPE BARN is 133m², which includes two extensions, according to the EPC inspection conducted in March 2023. This puts it in the largest 40% of detached houses houses in Fowey, based on EPC data. The below chart shows the distribution of detached houses houses by size in Fowey, and where HOPE BARN lies on this distribution: 60% of detached houses houses are smaller than HOPE BARN, and 39% of houses are larger. Note that EPC data is not available for all properties in Fowey.

HOPE BARN: Plot and Title Map

HOPE BARN sits on a plot of roughly 0.143 of an acre, or 579m². The below map shows the location of HOPE BARN, 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 HOPE BARN). 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 HOPE BARN?

HOPE BARN is located in FOWEY, in the PL23 postcode district. The below map shows the position of HOPE BARN in FOWEY.