NORTHFIELDS, POUNDFIELD LANE, STRATTON, BUDE, EX23 9BS - £345,000

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.

NORTHFIELDS is a very small detached house of 71m², built sometime between 1950 and 1966, which could now be worth an estimated £437,184. It was last sold for £345,000 in August 2019, which was about the average August 2019 detached price in the Cornwall local authority area. The most recent EPC inspection was October 2016, where the current energy rating was D, and the potential energy rating was B.

NORTHFIELDS Sold Prices

Land registry data shows two sales for NORTHFIELDS 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. One of the two NORTHFIELDS sales was roughly equal to the average price, whilst the other 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
2019 8 AUG	£345,000	£345,037	Close to HPI
2016 18 NOV	£278,500	£312,492	11% below HPI

NORTHFIELDS 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 NORTHFIELDS sales from November 2016 and August 2019 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 November 2016 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the August 2019 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might NORTHFIELDS be worth now?

NORTHFIELDS might now be worth an estimated £437,184.

This is based on house price inflation of 26.7%, between August 2019 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 26.7% inflationary increase is applied to the most recent sale price for NORTHFIELDS of £345,000 on 8th August 2019. For the value to have increased from £345,000 to £437,184 over the six years and six months to February 2025, the following assumptions must hold true:

• The value of NORTHFIELDS has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The August 2019 sale price of £345,000 represented a fair market value for the property.
• The size, condition, and specification of NORTHFIELDS has not materially changed since August 2019.

How Large is NORTHFIELDS?

NORTHFIELDS is 71m² according to the EPC inspection conducted in October 2016. This puts it in the smallest 10% of detached houses houses in Stratton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Stratton, and where NORTHFIELDS lies on this distribution: 7% of detached houses houses are smaller than NORTHFIELDS, and 91% of houses are larger. Note that EPC data is not available for all properties in Stratton.

NORTHFIELDS: Plot and Title Map

NORTHFIELDS sits on a plot of roughly 0.230 of an acre, or 931m². The below map shows the location of NORTHFIELDS, 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 NORTHFIELDS). 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 NORTHFIELDS?

NORTHFIELDS is located on POUNDFIELD LANE in STRATTON, in the EX23 postcode district. The below map shows the position of NORTHFIELDS on POUNDFIELD LANE.