OAKDENE, BUDOCK WATER, FALMOUTH, TR11 5DY - £310,000

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.

OAKDENE is a very small extended detached house of 82m², built sometime between 1950 and 1966, which could now be worth an estimated £403,044. It was last sold for £310,000 in October 2017, which was around 6% below the average October 2017 detached price in the Cornwall local authority area. The most recent EPC inspection was April 2017, where the current energy rating was E, and the potential energy rating was B.

OAKDENE Sold Prices

Land registry data shows three sales for OAKDENE 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 OAKDENE 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
2017 6 OCT	£310,000	£329,662	6% below HPI
2001 12 DEC	£132,500	£144,592	8% below HPI
1999 12 FEB	£79,000	£93,537	16% below HPI

OAKDENE 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 OAKDENE sales between February 1999 and October 2017 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 December 2001 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the October 2017 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might OAKDENE be worth now?

OAKDENE might now be worth an estimated £403,044.

This is based on house price inflation of 30%, between October 2017 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 30% inflationary increase is applied to the most recent sale price for OAKDENE of £310,000 on 6th October 2017. For the value to have increased from £310,000 to £403,044 over the nine years and five months to May 2026, the following assumptions must hold true:

• The value of OAKDENE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The October 2017 sale price of £310,000 represented a fair market value for the property.
• The size, condition, and specification of OAKDENE has not materially changed since October 2017.

How Large is OAKDENE?

OAKDENE is 82m², which includes three extensions, according to the EPC inspection conducted in April 2017. This puts it in the smallest 20% of detached houses houses in Budock Water, based on EPC data. The below chart shows the distribution of detached houses houses by size in Budock Water, and where OAKDENE lies on this distribution: 15% of detached houses houses are smaller than OAKDENE, and 80% of houses are larger. Note that EPC data is not available for all properties in Budock Water.

OAKDENE: Plot and Title Map

OAKDENE sits on a plot of roughly 0.182 of an acre, or 737m². The below map shows the location of OAKDENE, 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 OAKDENE). 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 OAKDENE?

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