7, PICKARD WAY, BUDE, EX23 8PE - £385,000

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 PICKARD WAY is a very small extended detached house of 74m², built sometime between 1967 and 1975, which could now be worth an estimated £493,587. It was last sold for £385,000 in May 2019, which was around 15% above the average May 2019 detached price in the Cornwall local authority area. The most recent EPC inspection was December 2018, where the current energy rating was D, and the potential energy rating was C.

7 PICKARD WAY Sold Prices

Land registry data shows three sales for 7 PICKARD WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. One of the three 7 PICKARD WAY sales was for above the average price, whilst two 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
2019 28 MAY	£385,000	£334,315	15% above HPI
1997 22 AUG	£73,950	£84,600	13% below HPI
1996 4 OCT	£59,750	£76,556	22% below HPI

7 PICKARD WAY 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 three 7 PICKARD WAY sales between October 1996 and May 2019 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 1997 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the May 2019 sale, where it rises to 15% above the HPI. The line then continues to track at 15% above the HPI.

What might 7 PICKARD WAY be worth now?

7 PICKARD WAY might now be worth an estimated £493,587.

This is based on house price inflation of 28.2%, between May 2019 and May 2026, 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 28.2% inflationary increase is applied to the most recent sale price for 7 PICKARD WAY of £385,000 on 28th May 2019. For the value to have increased from £385,000 to £493,587 over the seven years to May 2026, the following assumptions must hold true:

• The value of 7 PICKARD WAY has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The May 2019 sale price of £385,000 represented a fair market value for the property.
• The size, condition, and specification of 7 PICKARD WAY has not materially changed since May 2019.

How Large is 7 PICKARD WAY?

7 PICKARD WAY is 74m², which includes two extensions, according to the EPC inspection conducted in December 2018. This puts it in the smallest 20% of detached houses houses in Bude, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bude, and where 7 PICKARD WAY lies on this distribution: 15% of detached houses houses are smaller than 7 PICKARD WAY, and 84% of houses are larger. Note that EPC data is not available for all properties in Bude.

7 PICKARD WAY: Plot and Title Map

7 PICKARD WAY sits on a plot of roughly 0.116 of an acre, or 468m². The below map shows the location of 7 PICKARD 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 7 PICKARD 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 7 PICKARD WAY?

7 PICKARD WAY is located in BUDE, in the EX23 postcode district. The below map shows the position of No. 7 on PICKARD WAY.