RUSLIN, STRATTON ROAD, BUDE, EX23 8AQ - £198,000

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

RUSLIN is a very small detached house of 73m², built sometime between 1950 and 1966, which could now be worth an estimated £308,117. It was last sold for £198,000 in March 2014, which was around 31% below the average March 2014 detached price in the Cornwall local authority area. The most recent EPC inspection was July 2023, where the current energy rating was D, and the potential energy rating was B.

RUSLIN Sold Prices

Land registry data shows two sales for RUSLIN 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 RUSLIN 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
2014 28 MAR	£198,000	£285,322	31% below HPI
2009 14 MAY	£170,000	£255,582	33% below HPI

RUSLIN 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 RUSLIN sales from May 2009 and March 2014 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 May 2009 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the March 2014 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might RUSLIN be worth now?

RUSLIN might now be worth an estimated £308,117.

This is based on house price inflation of 55.6%, between March 2014 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 55.6% inflationary increase is applied to the most recent sale price for RUSLIN of £198,000 on 28th March 2014. For the value to have increased from £198,000 to £308,117 over the nine years and three months to December 2024, the following assumptions must hold true:

• The value of RUSLIN has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The March 2014 sale price of £198,000 represented a fair market value for the property.
• The size, condition, and specification of RUSLIN has not materially changed since March 2014.

How Large is RUSLIN?

RUSLIN is 73m² according to the EPC inspection conducted in July 2023. This puts it in the smallest 10% of detached houses houses in Stratton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Stratton, and where RUSLIN lies on this distribution: 10% of detached houses houses are smaller than RUSLIN, and 90% of houses are larger. Note that EPC data is not available for all properties in Stratton.

RUSLIN: Plot and Title Map

RUSLIN sits on a plot of roughly 0.125 of an acre, or 507m². The below map shows the location of RUSLIN, 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 RUSLIN). 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 RUSLIN?

RUSLIN is located on STRATTON ROAD in BUDE, in the EX23 postcode district. The below map shows the position of RUSLIN on STRATTON ROAD.