MERRIFIELD, BUDOCK WATER, FALMOUTH, TR11 5DD - £285,000

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

MERRIFIELD is a small extended detached house of 86m², built sometime between 1950 and 1966, which could now be worth an estimated £460,095. It was last sold for £285,000 in March 2013, which was around 5% above the average March 2013 detached price in the Cornwall local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was B.

MERRIFIELD Sold Prices

Land registry data shows three sales for MERRIFIELD 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 MERRIFIELD 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
2013 8 MAR	£285,000	£270,837	5% above HPI
2007 26 APR	£290,000	£288,466	1% above HPI
2002 30 AUG	£145,000	£173,722	17% below HPI

MERRIFIELD 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 MERRIFIELD sales between August 2002 and March 2013 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 April 2007 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the March 2013 sale, where it rises to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might MERRIFIELD be worth now?

MERRIFIELD might now be worth an estimated £460,095.

This is based on house price inflation of 61.4%, between March 2013 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 61.4% inflationary increase is applied to the most recent sale price for MERRIFIELD of £285,000 on 8th March 2013. For the value to have increased from £285,000 to £460,095 over the twelve years and one month to February 2025, the following assumptions must hold true:

• The value of MERRIFIELD has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The March 2013 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of MERRIFIELD has not materially changed since March 2013.

How Large is MERRIFIELD?

MERRIFIELD is 86m², which includes two extensions, according to the EPC inspection conducted in October 2013. This puts it in the smallest 30% of detached houses houses in Budock Water, based on EPC data. The below chart shows the distribution of detached houses houses by size in Budock Water, and where MERRIFIELD lies on this distribution: 25% of detached houses houses are smaller than MERRIFIELD, and 71% of houses are larger. Note that EPC data is not available for all properties in Budock Water.

MERRIFIELD: Plot and Title Map

MERRIFIELD sits on a plot of roughly 0.317 of an acre, or 1,284m². The below map shows the location of MERRIFIELD, 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 MERRIFIELD). 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 MERRIFIELD?

MERRIFIELD is located in BUDOCK WATER, in the TR11 postcode district. The below map shows the position of MERRIFIELD in BUDOCK WATER.