MORFU, HILLCREST, HELSTON, TR13 8UW - £305,000

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

MORFU is a small extended detached house of 92m², built sometime between 1967 and 1975, which could now be worth an estimated £347,927. It was last sold for £305,000 in January 2021, which was around 20% below the average January 2021 detached price in the Cornwall local authority area. The most recent EPC inspection was March 2020, where the current energy rating was D, and the potential energy rating was B.

MORFU Sold Prices

Land registry data shows two sales for MORFU 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 MORFU 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
2021 7 JAN	£305,000	£383,286	20% below HPI
2005 9 SEP	£225,000	£265,746	15% below HPI

MORFU 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 MORFU sales from September 2005 and January 2021 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 September 2005 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the January 2021 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might MORFU be worth now?

MORFU might now be worth an estimated £347,927.

This is based on house price inflation of 14.1%, between January 2021 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 14.1% inflationary increase is applied to the most recent sale price for MORFU of £305,000 on 7th January 2021. For the value to have increased from £305,000 to £347,927 over the three years and eleven months to February 2025, the following assumptions must hold true:

• The value of MORFU has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The January 2021 sale price of £305,000 represented a fair market value for the property.
• The size, condition, and specification of MORFU has not materially changed since January 2021.

How Large is MORFU?

MORFU is 92m², which includes two extensions, according to the EPC inspection conducted in March 2020. This puts it in the smallest 40% of detached houses houses in Helston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Helston, and where MORFU lies on this distribution: 39% of detached houses houses are smaller than MORFU, and 60% of houses are larger. Note that EPC data is not available for all properties in Helston.

MORFU: Plot and Title Map

MORFU sits on a plot of roughly 31.7 acres, or 128,378m². The below map shows the location of MORFU, 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 MORFU). 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 MORFU?

MORFU is located on HILLCREST in HELSTON, in the TR13 postcode district. The below map shows the position of MORFU on HILLCREST.