MAGPIE COTTAGE, BAR LANE, FALMOUTH, TR11 4BL - £558,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

MAGPIE COTTAGE is a very large extended detached house of 156m², built sometime between 1930 and 1949, which could now be worth an estimated £807,420. It was last sold for £558,000 in July 2016, which was around 85% above the average July 2016 detached price in the Cornwall local authority area. The most recent EPC inspection was April 2014, where the current energy rating was D, and the potential energy rating was B.

MAGPIE COTTAGE Sold Prices

Land registry data shows three sales for MAGPIE COTTAGE 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 MAGPIE COTTAGE 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
2016 15 JUL	£558,000	£302,166	85% above HPI
2000 7 AUG	£148,000	£119,841	23% above HPI
1998 17 JUN	£96,000	£89,781	7% above HPI

MAGPIE COTTAGE 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 MAGPIE COTTAGE sales between June 1998 and July 2016 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 2000 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the July 2016 sale, where it rises to 85% above the HPI. The line then continues to track at 85% above the HPI.

What might MAGPIE COTTAGE be worth now?

MAGPIE COTTAGE might now be worth an estimated £807,420.

This is based on house price inflation of 44.7%, between July 2016 and February 2025, 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 44.7% inflationary increase is applied to the most recent sale price for MAGPIE COTTAGE of £558,000 on 15th July 2016. For the value to have increased from £558,000 to £807,420 over the nine years and five months to February 2025, the following assumptions must hold true:

• The value of MAGPIE COTTAGE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The July 2016 sale price of £558,000 represented a fair market value for the property.
• The size, condition, and specification of MAGPIE COTTAGE has not materially changed since July 2016.

How Large is MAGPIE COTTAGE?

MAGPIE COTTAGE is 156m², which includes three extensions, according to the EPC inspection conducted in April 2014. This puts it in the largest 20% of detached houses houses in Falmouth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Falmouth, and where MAGPIE COTTAGE lies on this distribution: 81% of detached houses houses are smaller than MAGPIE COTTAGE, and 19% of houses are larger. Note that EPC data is not available for all properties in Falmouth.

MAGPIE COTTAGE: Plot and Title Map

MAGPIE COTTAGE sits on a plot of roughly 0.099 of an acre, or 400m². The below map shows the location of MAGPIE COTTAGE, 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 MAGPIE COTTAGE). 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 MAGPIE COTTAGE?

MAGPIE COTTAGE is located on BAR LANE in FALMOUTH, in the TR11 postcode district. The below map shows the position of MAGPIE COTTAGE on BAR LANE.