PARADE HOUSE, THE PARADE, MILLBROOK, TORPOINT, PL10 1AX - £175,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

PARADE HOUSE is a large extended detached house of 133m², built sometime before 1900. It was last sold for £175,000 in August 2015, which was around 41% below the average August 2015 detached price in the Cornwall local authority area. The most recent EPC inspection was May 2014, where the current energy rating was G, and the potential energy rating was C.

PARADE HOUSE Sold Prices

Land registry data shows three sales for PARADE HOUSE 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. All of the three PARADE HOUSE 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
2015 5 AUG	£175,000	£298,951	41% below HPI
2000 28 APR	£79,000	£108,174	27% below HPI
1999 3 DEC	£84,000	£103,327	19% below HPI

PARADE HOUSE 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 PARADE HOUSE sales between December 1999 and August 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 April 2000 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the August 2015 sale, where it falls to 41% below the HPI. The line then continues to track at 41% below the HPI.

How Large is PARADE HOUSE?

PARADE HOUSE is 133m², which includes one extension, according to the EPC inspection conducted in May 2014. This puts it in the largest 30% of detached houses in Millbrook, based on EPC data. The below chart shows the distribution of detached houses by size in Millbrook, and where PARADE HOUSE lies on this distribution: 79% of detached houses are smaller than PARADE HOUSE, and 21% of houses are larger. Note that EPC data is not available for all properties in Millbrook.

PARADE HOUSE: Plot and Title Map

PARADE HOUSE sits on a plot of roughly 0.032 of an acre, or 130m². The below map shows the location of PARADE HOUSE, 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 PARADE HOUSE). 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 PARADE HOUSE?

PARADE HOUSE is located on THE PARADE in MILLBROOK, in the PL10 postcode district. The below map shows the position of PARADE HOUSE on THE PARADE.