POLAWNE, RESTORMEL TERRACE, FALMOUTH, TR11 3HW - £295,000

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

POLAWNE is a small extended detached house of 88m², built sometime between 1950 and 1966. It was last sold for £295,000 in May 2016, which was around 3% below the average May 2016 detached price in the Cornwall local authority area. The most recent EPC inspection was January 2012, where the current energy rating was E, and the potential energy rating was D.

POLAWNE Sold Prices

Land registry data shows two sales for POLAWNE 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 POLAWNE 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
2016 16 MAY	£295,000	£304,401	3% below HPI
2007 14 DEC	£275,000	£299,297	8% below HPI

POLAWNE 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 POLAWNE sales from December 2007 and May 2016 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 December 2007 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the May 2016 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is POLAWNE?

POLAWNE is 88m², which includes one extension, according to the EPC inspection conducted in January 2012. This puts it in the smallest 30% of detached houses in Falmouth, based on EPC data. The below chart shows the distribution of detached houses by size in Falmouth, and where POLAWNE lies on this distribution: 26% of detached houses are smaller than POLAWNE, and 74% of houses are larger. Note that EPC data is not available for all properties in Falmouth.

POLAWNE: Plot and Title Map

POLAWNE sits on a plot of roughly 0.077 of an acre, or 312m². The below map shows the location of POLAWNE, 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 POLAWNE). 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 POLAWNE?

POLAWNE is located on RESTORMEL TERRACE in FALMOUTH, in the TR11 postcode district. The below map shows the position of POLAWNE on RESTORMEL TERRACE.