14, OLD CHAPEL WAY, MILLBROOK, TORPOINT, PL10 1HL - £280,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

14 OLD CHAPEL WAY is a very small semi-detached house of 73m², built sometime between 2003 and 2006, which could now be worth an estimated £262,976. It was last sold for £280,000 in October 2022, which was around 7% below the average October 2022 semi-detached price in the Cornwall local authority area. The most recent EPC inspection was June 2022, where the current energy rating was C, and the potential energy rating was B.

14 OLD CHAPEL WAY Sold Prices

Land registry data shows three sales for 14 OLD CHAPEL WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Cornwall local authority area for the corresponding sale date. All of the three 14 OLD CHAPEL WAY 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
2022 7 OCT	£280,000	£299,495	7% below HPI
2020 14 AUG	£190,000	£230,447	18% below HPI
2002 28 JUN	£89,000	£99,830	11% below HPI

14 OLD CHAPEL WAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Cornwall local authority area over time, sourced from the HPI. The three 14 OLD CHAPEL WAY sales between June 2002 and October 2022 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 2020 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the October 2022 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might 14 OLD CHAPEL WAY be worth now?

14 OLD CHAPEL WAY might now be worth an estimated £262,976.

This is based on house price deflation of 6.1%, between October 2022 and May 2026, for semi-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 6.1% deflationary decrease is applied to the most recent sale price for 14 OLD CHAPEL WAY of £280,000 on 7th October 2022. For the value to have decreased from £280,000 to £262,976 over the four years and five months to May 2026, the following assumptions must hold true:

• The value of 14 OLD CHAPEL WAY has moved in line with the HPI for semi-detached houses in the Cornwall local authority area.
• The October 2022 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of 14 OLD CHAPEL WAY has not materially changed since October 2022.

How Large is 14 OLD CHAPEL WAY?

14 OLD CHAPEL WAY is 73m² according to the EPC inspection conducted in June 2022. This puts it in the smallest 20% of semi-detached houses houses in Millbrook, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Millbrook, and where 14 OLD CHAPEL WAY lies on this distribution: 14% of semi-detached houses houses are smaller than 14 OLD CHAPEL WAY, and 86% of houses are larger. Note that EPC data is not available for all properties in Millbrook.

14 OLD CHAPEL WAY: Plot and Title Map

14 OLD CHAPEL WAY sits on a plot of roughly 0.075 of an acre, or 305m². The below map shows the location of 14 OLD CHAPEL WAY, 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 14 OLD CHAPEL WAY). 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 14 OLD CHAPEL WAY?

14 OLD CHAPEL WAY is located in MILLBROOK, in the PL10 postcode district. The below map shows the position of No. 14 on OLD CHAPEL WAY.