MERRIFIELD, BUDOCK WATER, FALMOUTH, TR11 5DD - £285,000

MERRIFIELD is a small extended detached house of 86m², built sometime between 1950 and 1966. It was last sold for £285,000 in March 2013, which was around 7% above the average March 2013 detached price in the Cornwall local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was B.

MERRIFIELD Sold Prices

Land registry data shows three sales for MERRIFIELD 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. Two of the three MERRIFIELD sales were for above the average price, whilst one 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
2013 8 MAR	£285,000	£266,636	7% above HPI
2007 26 APR	£290,000	£283,992	2% above HPI
2002 30 AUG	£145,000	£171,027	15% below HPI

MERRIFIELD 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 MERRIFIELD sales between August 2002 and March 2013 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 April 2007 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the March 2013 sale, where it rises to 7% above the HPI. The line then continues to track at 7% above the HPI.

How Large is MERRIFIELD?

MERRIFIELD is 86m², which includes two extensions, according to the EPC inspection conducted in October 2013. This puts it in the smallest 30% of detached houses in Budock Water, based on EPC data. The below chart shows the distribution of detached houses by size in Budock Water, and where MERRIFIELD lies on this distribution: 25% of detached houses are smaller than MERRIFIELD, and 71% of houses are larger. Note that EPC data is not available for all properties in Budock Water.

MERRIFIELD: Plot and Title Map

MERRIFIELD sits on a plot of roughly 0.317 of an acre, or 1,284m². The below map shows the location of MERRIFIELD, 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 MERRIFIELD). 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 MERRIFIELD?

MERRIFIELD is located in BUDOCK WATER, in the TR11 postcode district. The below map shows the position of MERRIFIELD in BUDOCK WATER.