RESTMORE, KERGILLIACK ROAD, FALMOUTH, TR11 4JJ - £475,000

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

RESTMORE is a midsized extended detached house of 106m², built sometime between 1950 and 1966. It was last sold for £475,000 in December 2023, which was around 10% above the average December 2023 detached price in the Cornwall local authority area. The most recent EPC inspection was July 2017, where the current energy rating was D, and the potential energy rating was B.

RESTMORE Sold Prices

Land registry data shows three sales for RESTMORE 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 RESTMORE 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
2023 15 DEC	£475,000	£432,965	10% above HPI
2017 14 DEC	£370,000	£323,481	14% above HPI
2007 8 OCT	£295,000	£301,184	2% below HPI

RESTMORE 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 RESTMORE sales between October 2007 and December 2023 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 2017 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the December 2023 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

How Large is RESTMORE?

RESTMORE is 106m², which includes two extensions, according to the EPC inspection conducted in July 2017. This puts it in the smallest 50% of detached houses in Falmouth, based on EPC data. The below chart shows the distribution of detached houses by size in Falmouth, and where RESTMORE lies on this distribution: 42% of detached houses are smaller than RESTMORE, and 57% of houses are larger. Note that EPC data is not available for all properties in Falmouth.

RESTMORE: Plot and Title Map

RESTMORE sits on a plot of roughly 0.127 of an acre, or 513m². The below map shows the location of RESTMORE, 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 RESTMORE). 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 RESTMORE?

RESTMORE is located on KERGILLIACK ROAD in FALMOUTH, in the TR11 postcode district. The below map shows the position of RESTMORE on KERGILLIACK ROAD.