SUMMER HOUSE, MEADOWBANK ROAD, FALMOUTH, TR11 2ND - £460,000

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

SUMMER HOUSE is a very large extended detached house of 208m², built sometime between 1967 and 1975. It was last sold for £460,000 in December 2015, which was around 50% above the average December 2015 detached price in the Cornwall local authority area. The most recent EPC inspection was October 2015, where the current energy rating was C, and the potential energy rating was B.

SUMMER HOUSE Sold Prices

Land registry data shows two sales for SUMMER HOUSE 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 SUMMER HOUSE 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
2015 21 DEC	£460,000	£307,089	50% above HPI
1997 9 APR	£103,000	£77,715	33% above HPI

SUMMER HOUSE 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 SUMMER HOUSE sales from April 1997 and December 2015 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 April 1997 sale was for 33% above the HPI. So the extrapolation line tracks at 33% above the HPI over time, until the December 2015 sale, where it rises to 50% above the HPI. The line then continues to track at 50% above the HPI.

How Large is SUMMER HOUSE?

SUMMER HOUSE is 208m², which includes four extensions, according to the EPC inspection conducted in October 2015. This puts it in the largest 10% of detached houses in Falmouth, based on EPC data. The below chart shows the distribution of detached houses by size in Falmouth, and where SUMMER HOUSE lies on this distribution: 95% of detached houses are smaller than SUMMER HOUSE, and 5% of houses are larger. Note that EPC data is not available for all properties in Falmouth.

SUMMER HOUSE: Plot and Title Map

SUMMER HOUSE sits on a plot of roughly 0.137 of an acre, or 555m². The below map shows the location of SUMMER HOUSE, 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 SUMMER HOUSE). 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 SUMMER HOUSE?

SUMMER HOUSE is located on MEADOWBANK ROAD in FALMOUTH, in the TR11 postcode district. The below map shows the position of SUMMER HOUSE on MEADOWBANK ROAD.