OCEAN SPRAY, POUGHILL ROAD, BUDE, EX23 8NX - £456,000

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.

OCEAN SPRAY is a very large semi-detached house of 199m², built sometime between 2007 and 2011, which could now be worth an estimated £528,069. It was last sold for £456,000 in February 2021, which was around 83% above the average February 2021 semi-detached price in the Cornwall local authority area. The most recent EPC inspection was October 2022, where the current energy rating was C, and the potential energy rating was B.

OCEAN SPRAY Sold Prices

Land registry data shows two sales for OCEAN SPRAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Cornwall local authority area for the corresponding sale date. Both of the two OCEAN SPRAY 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
2021 1 FEB	£456,000	£248,910	83% above HPI
2008 1 FEB	£305,000	£198,430	54% above HPI

OCEAN SPRAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Cornwall local authority area over time, sourced from the HPI. The two OCEAN SPRAY sales from February 2008 and February 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 February 2008 sale was for 54% above the HPI. So the extrapolation line tracks at 54% above the HPI over time, until the February 2021 sale, where it rises to 83% above the HPI. The line then continues to track at 83% above the HPI.

What might OCEAN SPRAY be worth now?

OCEAN SPRAY might now be worth an estimated £528,069.

This is based on house price inflation of 15.8%, between February 2021 and February 2025, for semi-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 15.8% inflationary increase is applied to the most recent sale price for OCEAN SPRAY of £456,000 on 1st February 2021. For the value to have increased from £456,000 to £528,069 over the four years to February 2025, the following assumptions must hold true:

• The value of OCEAN SPRAY has moved in line with the HPI for semi-detached houses in the Cornwall local authority area.
• The February 2021 sale price of £456,000 represented a fair market value for the property.
• The size, condition, and specification of OCEAN SPRAY has not materially changed since February 2021.

How Large is OCEAN SPRAY?

OCEAN SPRAY is 199m² according to the EPC inspection conducted in October 2022. This puts it in the largest 10% of semi-detached houses houses in Bude, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Bude, and where OCEAN SPRAY lies on this distribution: 95% of semi-detached houses houses are smaller than OCEAN SPRAY, and 5% of houses are larger. Note that EPC data is not available for all properties in Bude.

OCEAN SPRAY: Plot and Title Map

OCEAN SPRAY sits on a plot of roughly 0.067 of an acre, or 272m². The below map shows the location of OCEAN SPRAY, 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 OCEAN SPRAY). 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 OCEAN SPRAY?

OCEAN SPRAY is located on POUGHILL ROAD in BUDE, in the EX23 postcode district. The below map shows the position of OCEAN SPRAY on POUGHILL ROAD.