PENWETHERS ORCHARD, PENWETHERS CLOSE, REDWOOD GROVE, BUDE, EX23 8EB - £495,000

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

PENWETHERS ORCHARD is a midsized detached house of 104m², built sometime between 1983 and 1990, which could now be worth an estimated £568,447. It was last sold for £495,000 in September 2021, which was around 28% above the average September 2021 detached price in the Cornwall local authority area. The most recent EPC inspection was January 2015, where the current energy rating was C, and the potential energy rating was B.

PENWETHERS ORCHARD Sold Prices

Land registry data shows three sales for PENWETHERS ORCHARD 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. Two of the three PENWETHERS ORCHARD sales were for above the average price, whilst one 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
2021 7 SEP	£495,000	£386,635	28% above HPI
2015 5 NOV	£330,000	£311,376	6% above HPI
2013 18 JAN	£260,000	£272,373	5% below HPI

PENWETHERS ORCHARD 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 PENWETHERS ORCHARD sales between January 2013 and September 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 November 2015 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the September 2021 sale, where it rises to 28% above the HPI. The line then continues to track at 28% above the HPI.

What might PENWETHERS ORCHARD be worth now?

PENWETHERS ORCHARD might now be worth an estimated £568,447.

This is based on house price inflation of 14.8%, between September 2021 and December 2024, 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 14.8% inflationary increase is applied to the most recent sale price for PENWETHERS ORCHARD of £495,000 on 7th September 2021. For the value to have increased from £495,000 to £568,447 over the two years and nine months to December 2024, the following assumptions must hold true:

• The value of PENWETHERS ORCHARD has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The September 2021 sale price of £495,000 represented a fair market value for the property.
• The size, condition, and specification of PENWETHERS ORCHARD has not materially changed since September 2021.

How Large is PENWETHERS ORCHARD?

PENWETHERS ORCHARD is 104m² according to the EPC inspection conducted in January 2015. This puts it in the smallest 50% of detached houses houses in Bude, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bude, and where PENWETHERS ORCHARD lies on this distribution: 47% of detached houses houses are smaller than PENWETHERS ORCHARD, and 52% of houses are larger. Note that EPC data is not available for all properties in Bude.

PENWETHERS ORCHARD: Plot and Title Map

PENWETHERS ORCHARD sits on a plot of roughly 0.150 of an acre, or 609m². The below map shows the location of PENWETHERS ORCHARD, 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 PENWETHERS ORCHARD). 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 PENWETHERS ORCHARD?

PENWETHERS ORCHARD, PENWETHERS CLOSE is located on REDWOOD GROVE in BUDE, in the EX23 postcode district. The below map shows the position of PENWETHERS ORCHARD, PENWETHERS CLOSE on REDWOOD GROVE.