7, PARK PLACE, WADEBRIDGE, PL27 7EA - £335,000

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.

7 PARK PLACE is a very large extended terraced house of 150m², built sometime before 1900, which could now be worth an estimated £461,459. It was last sold for £335,000 in May 2017, which was around 100% above the average May 2017 terraced price in the Cornwall local authority area. The most recent EPC inspection was May 2012, where the current energy rating was D, and the potential energy rating was B.

7 PARK PLACE Sold Prices

Land registry data shows six sales for 7 PARK PLACE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average terraced price in the Cornwall local authority area for the corresponding sale date. All of the six 7 PARK PLACE 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
2017 2 MAY	£335,000	£167,406	100% above HPI
2012 20 SEP	£289,950	£149,855	93% above HPI
2009 27 FEB	£248,000	£141,419	75% above HPI
2008 2 SEP	£250,000	£159,642	57% above HPI
2002 25 OCT	£187,000	£89,425	109% above HPI
1995 17 NOV	£67,500	£36,615	84% above HPI

7 PARK PLACE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Cornwall local authority area over time, sourced from the HPI. The six 7 PARK PLACE sales between November 1995 and May 2017 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 September 2012 sale was for 93% above the HPI. So the extrapolation line tracks at 93% above the HPI over time, until the May 2017 sale, where it rises to 100% above the HPI. The line then continues to track at 100% above the HPI.

What might 7 PARK PLACE be worth now?

7 PARK PLACE might now be worth an estimated £461,459.

This is based on house price inflation of 37.7%, between May 2017 and May 2026, for terraced 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 37.7% inflationary increase is applied to the most recent sale price for 7 PARK PLACE of £335,000 on 2nd May 2017. For the value to have increased from £335,000 to £461,459 over the nine years to May 2026, the following assumptions must hold true:

• The value of 7 PARK PLACE has moved in line with the HPI for terraced houses in the Cornwall local authority area.
• The May 2017 sale price of £335,000 represented a fair market value for the property.
• The size, condition, and specification of 7 PARK PLACE has not materially changed since May 2017.

How Large is 7 PARK PLACE?

7 PARK PLACE is 150m², which includes one extension, according to the EPC inspection conducted in May 2012. This puts it in the largest 20% of terraced houses houses in Wadebridge, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Wadebridge, and where 7 PARK PLACE lies on this distribution: 82% of terraced houses houses are smaller than 7 PARK PLACE, and 17% of houses are larger. Note that EPC data is not available for all properties in Wadebridge.

7 PARK PLACE: Plot and Title Map

7 PARK PLACE sits on a plot of roughly 0.044 of an acre, or 177m². The below map shows the location of 7 PARK PLACE, 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 7 PARK PLACE). 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 7 PARK PLACE?

7 PARK PLACE is located in WADEBRIDGE, in the PL27 postcode district. The below map shows the position of No. 7 on PARK PLACE.