THE COTTAGE, VERNON PLACE, FALMOUTH, TR11 3BE - £362,500

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

THE COTTAGE is a very small detached house of 69m², built sometime between 1900 and 1929. It was last sold for £362,500 in May 2021, which was around 3% below the average May 2021 detached price in the Cornwall local authority area. The most recent EPC inspection was May 2020, where the current energy rating was E, and the potential energy rating was B.

THE COTTAGE Sold Prices

Land registry data shows three sales for THE COTTAGE 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. All of the three THE COTTAGE 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
2021 14 MAY	£362,500	£375,609	3% below HPI
2006 30 MAY	£188,000	£267,838	30% below HPI
1995 29 NOV	£47,000	£71,243	34% below HPI

THE COTTAGE 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 THE COTTAGE sales between November 1995 and May 2021 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 2006 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the May 2021 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is THE COTTAGE?

THE COTTAGE is 69m² according to the EPC inspection conducted in May 2020. This puts it in the smallest 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 THE COTTAGE lies on this distribution: 8% of detached houses are smaller than THE COTTAGE, and 92% of houses are larger. Note that EPC data is not available for all properties in Falmouth.

THE COTTAGE: Plot and Title Map

THE COTTAGE sits on a plot of roughly 0.034 of an acre, or 139m². The below map shows the location of THE COTTAGE, 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 THE COTTAGE). 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 THE COTTAGE?

THE COTTAGE is located on VERNON PLACE in FALMOUTH, in the TR11 postcode district. The below map shows the position of THE COTTAGE on VERNON PLACE.