7, POLVENTON CLOSE, FALMOUTH, TR11 4JS - £350,000

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 POLVENTON CLOSE is a very small extended semi-detached house of 68m², built sometime between 1950 and 1966, which could now be worth an estimated £375,003. It was last sold for £350,000 in June 2021, which was around 37% above the average June 2021 semi-detached price in the Cornwall local authority area. The most recent EPC inspection was July 2014, where the current energy rating was D, and the potential energy rating was B.

7 POLVENTON CLOSE Sold Prices

Land registry data shows two sales for 7 POLVENTON CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Cornwall local authority area for the corresponding sale date. One of the two 7 POLVENTON CLOSE sales was for above the average price, whilst the other was 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 29 JUN	£350,000	£255,844	37% above HPI
2014 29 OCT	£185,000	£192,068	4% below HPI

7 POLVENTON CLOSE 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 two 7 POLVENTON CLOSE sales from October 2014 and June 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 October 2014 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the June 2021 sale, where it rises to 37% above the HPI. The line then continues to track at 37% above the HPI.

What might 7 POLVENTON CLOSE be worth now?

7 POLVENTON CLOSE might now be worth an estimated £375,003.

This is based on house price inflation of 7.1%, between June 2021 and June 2025, 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 7.1% inflationary increase is applied to the most recent sale price for 7 POLVENTON CLOSE of £350,000 on 29th June 2021. For the value to have increased from £350,000 to £375,003 over the four years to June 2025, the following assumptions must hold true:

• The value of 7 POLVENTON CLOSE has moved in line with the HPI for semi-detached houses in the Cornwall local authority area.
• The June 2021 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 7 POLVENTON CLOSE has not materially changed since June 2021.

How Large is 7 POLVENTON CLOSE?

7 POLVENTON CLOSE is 68m², which includes one extension, according to the EPC inspection conducted in July 2014. This puts it in the smallest 10% of semi-detached houses houses in Falmouth, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Falmouth, and where 7 POLVENTON CLOSE lies on this distribution: 7% of semi-detached houses houses are smaller than 7 POLVENTON CLOSE, and 92% of houses are larger. Note that EPC data is not available for all properties in Falmouth.

7 POLVENTON CLOSE: Plot and Title Map

7 POLVENTON CLOSE sits on a plot of roughly 0.105 of an acre, or 423m². The below map shows the location of 7 POLVENTON 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 7 POLVENTON 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 7 POLVENTON CLOSE?

7 POLVENTON CLOSE is located in FALMOUTH, in the TR11 postcode district. The below map shows the position of No. 7 on POLVENTON CLOSE.