NEET COTTAGE, HELE ROAD, MARHAMCHURCH, BUDE, EX23 0JA - £470,000

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

NEET COTTAGE is a very large extended detached house of 226m², built sometime before 1900. It was last sold for £470,000 in July 2015, which was around 58% above the average July 2015 detached price in the Cornwall local authority area. The most recent EPC inspection was August 2012, where the current energy rating was E, and the potential energy rating was C.

NEET COTTAGE Sold Prices

Land registry data shows two sales for NEET COTTAGE 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 NEET 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
2015 16 JUL	£470,000	£297,102	58% above HPI
2001 25 JUN	£270,000	£128,100	111% above HPI

NEET 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 two NEET COTTAGE sales from June 2001 and July 2015 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 June 2001 sale was for 111% above the HPI. So the extrapolation line tracks at 111% above the HPI over time, until the July 2015 sale, where it falls to 58% above the HPI. The line then continues to track at 58% above the HPI.

How Large is NEET COTTAGE?

NEET COTTAGE is 226m², which includes four extensions, according to the EPC inspection conducted in August 2012. This puts it in the largest 10% of detached houses in Marhamchurch, based on EPC data. The below chart shows the distribution of detached houses by size in Marhamchurch, and where NEET COTTAGE lies on this distribution: 99% of detached houses are smaller than NEET COTTAGE, and 1% of houses are larger. Note that EPC data is not available for all properties in Marhamchurch.

NEET COTTAGE: Plot and Title Map

NEET COTTAGE sits on a plot of roughly 0.436 of an acre, or 1,765m². The below map shows the location of NEET 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 NEET 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 NEET COTTAGE?

NEET COTTAGE is located on HELE ROAD in MARHAMCHURCH, in the EX23 postcode district. The below map shows the position of NEET COTTAGE on HELE ROAD.