2, PARC STEPHNEY, BUDOCK WATER, FALMOUTH, TR11 5EJ - £285,000

2 PARC STEPHNEY is a small detached house of 87m², built sometime between 1976 and 1982. It was last sold for £285,000 in October 2020, which was around 22% below the average October 2020 detached price in the Cornwall local authority area. The most recent EPC inspection was February 2019, where the current energy rating was E, and the potential energy rating was C.

2 PARC STEPHNEY Sold Prices

Land registry data shows five sales for 2 PARC STEPHNEY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. All of the five 2 PARC STEPHNEY 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
2020 29 OCT	£285,000	£364,602	22% below HPI
2016 7 MAR	£265,000	£307,330	14% below HPI
2012 22 MAR	£240,000	£272,318	12% below HPI
2006 1 SEP	£249,950	£275,675	9% below HPI
2000 20 OCT	£94,950	£122,539	23% below HPI

2 PARC STEPHNEY 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 five 2 PARC STEPHNEY sales between October 2000 and October 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 March 2016 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the October 2020 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 2 PARC STEPHNEY?

2 PARC STEPHNEY is 87m² according to the EPC inspection conducted in February 2019. This puts it in the smallest 40% of detached houses in Budock Water, based on EPC data. The below chart shows the distribution of detached houses by size in Budock Water, and where 2 PARC STEPHNEY lies on this distribution: 31% of detached houses are smaller than 2 PARC STEPHNEY, and 68% of houses are larger. Note that EPC data is not available for all properties in Budock Water.

2 PARC STEPHNEY: Plot and Title Map

2 PARC STEPHNEY sits on a plot of roughly 0.102 of an acre, or 414m². The below map shows the location of 2 PARC STEPHNEY, 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 2 PARC STEPHNEY). 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 2 PARC STEPHNEY?

2 PARC STEPHNEY is located in BUDOCK WATER, in the TR11 postcode district. The below map shows the position of No. 2 on PARC STEPHNEY.