CROSSTREES, BARONS MEADOW, BODMIN, PL31 2DD - £385,000

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.

CROSSTREES is a very large detached house of 148m², built sometime between 2003 and 2006, which could now be worth an estimated £603,244. It was last sold for £385,000 in July 2006, which was around 41% above the average July 2006 detached price in the Cornwall local authority area. The most recent EPC inspection was May 2014, where the current energy rating was C, and the potential energy rating was B.

CROSSTREES Sold Prices

Land registry data shows two sales for CROSSTREES since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. One of the two CROSSTREES sales was for above the average price, whilst the other 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
2006 5 JUL	£385,000	£273,544	41% above HPI
2004 30 JUN	£140,000	£244,795	43% below HPI

CROSSTREES 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 two CROSSTREES sales from June 2004 and July 2006 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 June 2004 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the July 2006 sale, where it rises to 41% above the HPI. The line then continues to track at 41% above the HPI.

What might CROSSTREES be worth now?

CROSSTREES might now be worth an estimated £603,244.

This is based on house price inflation of 56.7%, between July 2006 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 56.7% inflationary increase is applied to the most recent sale price for CROSSTREES of £385,000 on 5th July 2006. For the value to have increased from £385,000 to £603,244 over the twenty years and two months to May 2026, the following assumptions must hold true:

• The value of CROSSTREES has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The July 2006 sale price of £385,000 represented a fair market value for the property.
• The size, condition, and specification of CROSSTREES has not materially changed since July 2006.

How Large is CROSSTREES?

CROSSTREES is 148m² according to the EPC inspection conducted in May 2014. This puts it in the largest 20% of detached houses in Bodmin, based on EPC data. The below chart shows the distribution of detached houses by size in Bodmin, and where CROSSTREES lies on this distribution: 83% of detached houses are smaller than CROSSTREES, and 17% of detached houses are larger. Note that EPC data is not available for all properties in Bodmin.