8, OLD CHAPEL WAY, MILLBROOK, TORPOINT, PL10 1HL - £180,000

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.

8 OLD CHAPEL WAY is a very small semi-detached house of 59m², built sometime between 1996 and 2002, which could now be worth an estimated £231,807. It was last sold for £180,000 in August 2018, which was around 18% below the average August 2018 semi-detached price in the Cornwall local authority area. The most recent EPC inspection was April 2013, where the current energy rating was C, and the potential energy rating was A.

8 OLD CHAPEL WAY Sold Prices

Land registry data shows five sales for 8 OLD CHAPEL WAY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average semi-detached price in the Cornwall local authority area for the corresponding sale date. All of the five 8 OLD CHAPEL WAY 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
2018 3 AUG	£180,000	£218,421	18% below HPI
2013 5 AUG	£155,000	£183,537	16% below HPI
2004 22 OCT	£139,000	£168,512	18% below HPI
2002 26 JUL	£83,000	£103,673	20% below HPI
2001 20 DEC	£67,500	£88,724	24% below HPI

8 OLD CHAPEL WAY 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 five 8 OLD CHAPEL WAY sales between December 2001 and August 2018 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 2013 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the August 2018 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 8 OLD CHAPEL WAY be worth now?

8 OLD CHAPEL WAY might now be worth an estimated £231,807.

This is based on house price inflation of 28.8%, between August 2018 and May 2026, 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 28.8% inflationary increase is applied to the most recent sale price for 8 OLD CHAPEL WAY of £180,000 on 3rd August 2018. For the value to have increased from £180,000 to £231,807 over the eight years and three months to May 2026, the following assumptions must hold true:

• The value of 8 OLD CHAPEL WAY has moved in line with the HPI for semi-detached houses in the Cornwall local authority area.
• The August 2018 sale price of £180,000 represented a fair market value for the property.
• The size, condition, and specification of 8 OLD CHAPEL WAY has not materially changed since August 2018.

How Large is 8 OLD CHAPEL WAY?

8 OLD CHAPEL WAY is 59m² according to the EPC inspection conducted in April 2013. This puts it in the smallest 10% of semi-detached houses houses in Millbrook, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Millbrook, and where 8 OLD CHAPEL WAY lies on this distribution: 9% of semi-detached houses houses are smaller than 8 OLD CHAPEL WAY, and 91% of houses are larger. Note that EPC data is not available for all properties in Millbrook.

8 OLD CHAPEL WAY: Plot and Title Map

8 OLD CHAPEL WAY sits on a plot of roughly 0.042 of an acre, or 168m². The below map shows the location of 8 OLD CHAPEL 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 8 OLD CHAPEL 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 8 OLD CHAPEL WAY?

8 OLD CHAPEL WAY is located in MILLBROOK, in the PL10 postcode district. The below map shows the position of No. 8 on OLD CHAPEL WAY.