SPRINGLANDS, FLEXBURY PARK ROAD, BUDE, EX23 8HT - £550,000

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

SPRINGLANDS is a very large extended detached house of 281m², built sometime between 1900 and 1929, which could now be worth an estimated £782,266. It was last sold for £550,000 in March 2016, which was around 76% above the average March 2016 detached price in the Cornwall local authority area. The most recent EPC inspection was August 2014, where the current energy rating was E, and the potential energy rating was C.

SPRINGLANDS Sold Prices

Land registry data shows two sales for SPRINGLANDS 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 SPRINGLANDS sales were for above 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 21 MAR	£550,000	£312,172	76% above HPI
1999 22 OCT	£138,000	£101,896	35% above HPI

SPRINGLANDS 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 SPRINGLANDS sales from October 1999 and March 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 October 1999 sale was for 35% above the HPI. So the extrapolation line tracks at 35% above the HPI over time, until the March 2016 sale, where it rises to 76% above the HPI. The line then continues to track at 76% above the HPI.

What might SPRINGLANDS be worth now?

SPRINGLANDS might now be worth an estimated £782,266.

This is based on house price inflation of 42.2%, between March 2016 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 42.2% inflationary increase is applied to the most recent sale price for SPRINGLANDS of £550,000 on 21st March 2016. For the value to have increased from £550,000 to £782,266 over the seven years and three months to December 2024, the following assumptions must hold true:

• The value of SPRINGLANDS has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The March 2016 sale price of £550,000 represented a fair market value for the property.
• The size, condition, and specification of SPRINGLANDS has not materially changed since March 2016.

How Large is SPRINGLANDS?

SPRINGLANDS is 281m², which includes three extensions, according to the EPC inspection conducted in August 2014. This puts it in the largest 10% 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 SPRINGLANDS lies on this distribution: 99% of detached houses houses are smaller than SPRINGLANDS, and 1% of houses are larger. Note that EPC data is not available for all properties in Bude.

SPRINGLANDS: Plot and Title Map

SPRINGLANDS sits on a plot of roughly 0.235 of an acre, or 949m². The below map shows the location of SPRINGLANDS, 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 SPRINGLANDS). 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 SPRINGLANDS?

SPRINGLANDS is located on FLEXBURY PARK ROAD in BUDE, in the EX23 postcode district. The below map shows the position of SPRINGLANDS on FLEXBURY PARK ROAD.