THE TRAP, MONGLEATH ROAD, FALMOUTH, TR11 4PN - £750,000

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

THE TRAP is a large extended detached house of 121m², built sometime between 1967 and 1975. It was last sold for £750,000 in February 2020, which was around 121% above the average February 2020 detached price in the Cornwall local authority area. The most recent EPC inspection was September 2017, where the current energy rating was E, and the potential energy rating was C.

THE TRAP Sold Prices

Land registry data shows two sales for THE TRAP 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 TRAP 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
2020 10 FEB	£750,000	£339,150	121% above HPI
2018 23 FEB	£485,000	£327,866	48% above HPI

THE TRAP 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 TRAP sales from February 2018 and February 2020 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 February 2018 sale was for 48% above the HPI. So the extrapolation line tracks at 48% above the HPI over time, until the February 2020 sale, where it rises to 121% above the HPI. The line then continues to track at 121% above the HPI.

How Large is THE TRAP?

THE TRAP is 121m², which includes one extension, according to the EPC inspection conducted in September 2017. This puts it in the largest 40% 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 TRAP lies on this distribution: 60% of detached houses are smaller than THE TRAP, and 39% of houses are larger. Note that EPC data is not available for all properties in Falmouth.

THE TRAP: Plot and Title Map

THE TRAP sits on a plot of roughly 0.082 of an acre, or 333m². The below map shows the location of THE TRAP, 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 TRAP). 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 TRAP?

THE TRAP is located on MONGLEATH ROAD in FALMOUTH, in the TR11 postcode district. The below map shows the position of THE TRAP on MONGLEATH ROAD.