THREE GABLES, GROVE HILL, MAWNAN SMITH, FALMOUTH, TR11 5ER - £580,000

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

THREE GABLES is a midsized detached house of 124m², built sometime between 1976 and 1982. It was last sold for £580,000 in March 2021, which was around 54% above the average March 2021 detached price in the Cornwall local authority area. The most recent EPC inspection was September 2020, where the current energy rating was E, and the potential energy rating was B.

THREE GABLES Sold Prices

Land registry data shows two sales for THREE GABLES 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 THREE GABLES 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
2021 15 MAR	£580,000	£375,921	54% above HPI
2005 25 AUG	£325,000	£259,599	25% above HPI

THREE GABLES 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 THREE GABLES sales from August 2005 and March 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 August 2005 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the March 2021 sale, where it rises to 54% above the HPI. The line then continues to track at 54% above the HPI.

How Large is THREE GABLES?

THREE GABLES is 124m² according to the EPC inspection conducted in September 2020. This puts it in the smallest 50% of detached houses in Mawnan Smith, based on EPC data. The below chart shows the distribution of detached houses by size in Mawnan Smith, and where THREE GABLES lies on this distribution: 44% of detached houses are smaller than THREE GABLES, and 55% of houses are larger. Note that EPC data is not available for all properties in Mawnan Smith.

THREE GABLES: Plot and Title Map

THREE GABLES sits on a plot of roughly 0.354 of an acre, or 1,432m². The below map shows the location of THREE GABLES, 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 THREE GABLES). 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 THREE GABLES?

THREE GABLES is located on GROVE HILL in MAWNAN SMITH, in the TR11 postcode district. The below map shows the position of THREE GABLES on GROVE HILL.