15, CHESTNUT CLOSE, FALMOUTH, TR11 2HS - £270,000

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.

15 CHESTNUT CLOSE is a very small detached house of 82m², built sometime between 1976 and 1982, which could now be worth an estimated £292,698. It was last sold for £270,000 in February 2021, which was around 30% below the average February 2021 detached price in the Cornwall local authority area. The most recent EPC inspection was August 2020, where the current energy rating was C, and the potential energy rating was B.

15 CHESTNUT CLOSE Sold Prices

Land registry data shows two sales for 15 CHESTNUT CLOSE 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 15 CHESTNUT CLOSE 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 5 FEB	£270,000	£384,678	30% below HPI
2004 13 FEB	£180,000	£232,042	22% below HPI

15 CHESTNUT CLOSE 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 15 CHESTNUT CLOSE sales from February 2004 and February 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 February 2004 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the February 2021 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 15 CHESTNUT CLOSE be worth now?

15 CHESTNUT CLOSE might now be worth an estimated £292,698.

This is based on house price inflation of 8.4%, between February 2021 and June 2025, 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 8.4% inflationary increase is applied to the most recent sale price for 15 CHESTNUT CLOSE of £270,000 on 5th February 2021. For the value to have increased from £270,000 to £292,698 over the three years and eight months to June 2025, the following assumptions must hold true:

• The value of 15 CHESTNUT CLOSE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The February 2021 sale price of £270,000 represented a fair market value for the property.
• The size, condition, and specification of 15 CHESTNUT CLOSE has not materially changed since February 2021.

How Large is 15 CHESTNUT CLOSE?

15 CHESTNUT CLOSE is 82m² according to the EPC inspection conducted in August 2020. This puts it in the smallest 20% of detached houses houses in Falmouth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Falmouth, and where 15 CHESTNUT CLOSE lies on this distribution: 18% of detached houses houses are smaller than 15 CHESTNUT CLOSE, and 81% of houses are larger. Note that EPC data is not available for all properties in Falmouth.

15 CHESTNUT CLOSE: Plot and Title Map

15 CHESTNUT CLOSE sits on a plot of roughly 0.066 of an acre, or 267m². The below map shows the location of 15 CHESTNUT CLOSE, 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 15 CHESTNUT CLOSE). 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 15 CHESTNUT CLOSE?

15 CHESTNUT CLOSE is located in FALMOUTH, in the TR11 postcode district. The below map shows the position of No. 15 on CHESTNUT CLOSE.