LATCHETS, MARHAMCHURCH, BUDE, EX23 0HD - £342,500

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.

LATCHETS is a midsized extended detached house of 111m², built sometime between 1991 and 1995, which could now be worth an estimated £470,616. It was last sold for £342,500 in December 2015, which was around 10% above the average December 2015 detached price in the Cornwall local authority area. The most recent EPC inspection was March 2015, where the current energy rating was D, and the potential energy rating was A.

LATCHETS Sold Prices

Land registry data shows three sales for LATCHETS 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 LATCHETS 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
2015 7 DEC	£342,500	£311,927	10% above HPI
2006 8 MAR	£249,950	£263,325	5% below HPI
1997 8 JAN	£62,500	£77,837	20% below HPI

LATCHETS 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 LATCHETS sales between January 1997 and December 2015 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 2006 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the December 2015 sale, where it rises to 10% above the HPI. The line then continues to track at 10% above the HPI.

What might LATCHETS be worth now?

LATCHETS might now be worth an estimated £470,616.

This is based on house price inflation of 37.4%, between December 2015 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 37.4% inflationary increase is applied to the most recent sale price for LATCHETS of £342,500 on 7th December 2015. For the value to have increased from £342,500 to £470,616 over the eleven years and seven months to May 2026, the following assumptions must hold true:

• The value of LATCHETS has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The December 2015 sale price of £342,500 represented a fair market value for the property.
• The size, condition, and specification of LATCHETS has not materially changed since December 2015.

How Large is LATCHETS?

LATCHETS is 111m², which includes two extensions, according to the EPC inspection conducted in March 2015. This puts it in the smallest 50% of detached houses houses in Marhamchurch, based on EPC data. The below chart shows the distribution of detached houses houses by size in Marhamchurch, and where LATCHETS lies on this distribution: 43% of detached houses houses are smaller than LATCHETS, and 53% of houses are larger. Note that EPC data is not available for all properties in Marhamchurch.

LATCHETS: Plot and Title Map

LATCHETS sits on a plot of roughly 0.179 of an acre, or 726m². The below map shows the location of LATCHETS, 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 LATCHETS). 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 LATCHETS?

LATCHETS is located in MARHAMCHURCH, in the EX23 postcode district. The below map shows the position of LATCHETS in MARHAMCHURCH.