MORWENNA, BINHAMY ROAD, STRATTON, BUDE, EX23 9AA - £285,000

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.

MORWENNA is a midsized extended detached house of 114m², built sometime between 1930 and 1949, which could now be worth an estimated £386,056. It was last sold for £285,000 in November 2016, which was around 9% below the average November 2016 detached price in the Cornwall local authority area. The most recent EPC inspection was September 2014, where the current energy rating was E, and the potential energy rating was D.

MORWENNA Sold Prices

Land registry data shows three sales for MORWENNA 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. All of the three MORWENNA 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
2016 14 NOV	£285,000	£312,492	9% below HPI
2015 20 APR	£245,000	£297,548	18% below HPI
2007 23 NOV	£100,000	£306,692	67% below HPI

MORWENNA 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 MORWENNA sales between November 2007 and November 2016 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 2015 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the November 2016 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might MORWENNA be worth now?

MORWENNA might now be worth an estimated £386,056.

This is based on house price inflation of 35.5%, between November 2016 and April 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 35.5% inflationary increase is applied to the most recent sale price for MORWENNA of £285,000 on 14th November 2016. For the value to have increased from £285,000 to £386,056 over the ten years and seven months to April 2026, the following assumptions must hold true:

• The value of MORWENNA has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The November 2016 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of MORWENNA has not materially changed since November 2016.

How Large is MORWENNA?

MORWENNA is 114m², which includes two extensions, according to the EPC inspection conducted in September 2014. This puts it in the smallest 50% of detached houses houses in Stratton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Stratton, and where MORWENNA lies on this distribution: 49% of detached houses houses are smaller than MORWENNA, and 50% of houses are larger. Note that EPC data is not available for all properties in Stratton.

MORWENNA: Plot and Title Map

MORWENNA sits on a plot of roughly 0.194 of an acre, or 786m². The below map shows the location of MORWENNA, 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 MORWENNA). 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 MORWENNA?

MORWENNA is located on BINHAMY ROAD in STRATTON, in the EX23 postcode district. The below map shows the position of MORWENNA on BINHAMY ROAD.