THE OLD SHIP, FORE STREET, STRATTON, BUDE, EX23 9DA - £314,500

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

THE OLD SHIP is a very large extended detached house of 228m², built sometime before 1900, which could now be worth an estimated £630,364. It was last sold for £314,500 in September 2003, which was around 42% above the average September 2003 detached price in the Cornwall local authority area. The most recent EPC inspection was May 2014, where the current energy rating was D, and the potential energy rating was B.

THE OLD SHIP Sold Prices

Land registry data shows two sales for THE OLD SHIP 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 THE OLD SHIP 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
2003 30 SEP	£314,500	£221,521	42% above HPI
1998 18 DEC	£110,000	£92,158	19% above HPI

THE OLD SHIP 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 THE OLD SHIP sales from December 1998 and September 2003 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 1998 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the September 2003 sale, where it rises to 42% above the HPI. The line then continues to track at 42% above the HPI.

What might THE OLD SHIP be worth now?

THE OLD SHIP might now be worth an estimated £630,364.

This is based on house price inflation of 100.4%, between September 2003 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 100.4% inflationary increase is applied to the most recent sale price for THE OLD SHIP of £314,500 on 30th September 2003. For the value to have increased from £314,500 to £630,364 over the twenty years and nine months to December 2024, the following assumptions must hold true:

• The value of THE OLD SHIP has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The September 2003 sale price of £314,500 represented a fair market value for the property.
• The size, condition, and specification of THE OLD SHIP has not materially changed since September 2003.

How Large is THE OLD SHIP?

THE OLD SHIP is 228m², which includes one extension, according to the EPC inspection conducted in May 2014. This puts it in the largest 20% 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 THE OLD SHIP lies on this distribution: 89% of detached houses houses are smaller than THE OLD SHIP, and 10% of houses are larger. Note that EPC data is not available for all properties in Stratton.

THE OLD SHIP: Plot and Title Map

THE OLD SHIP sits on a plot of roughly 0.033 of an acre, or 134m². The below map shows the location of THE OLD SHIP, 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 OLD SHIP). 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 OLD SHIP?

THE OLD SHIP is located on FORE STREET in STRATTON, in the EX23 postcode district. The below map shows the position of THE OLD SHIP on FORE STREET.