THE SPRINGS, BUDOCK WATER, FALMOUTH, TR11 5DT - £310,000

THE SPRINGS is a very large extended detached house of 135m², built sometime between 1950 and 1966. It was last sold for £310,000 in May 2004, which was around 32% above the average May 2004 detached price in the Cornwall local authority area. The most recent EPC inspection was July 2014, where the current energy rating was D, and the potential energy rating was C.

THE SPRINGS Sold Prices

Land registry data shows three sales for THE SPRINGS 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 THE SPRINGS sales were for above 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
2004 21 MAY	£310,000	£235,691	32% above HPI
1998 6 AUG	£148,500	£90,247	65% above HPI
1997 4 MAR	£120,000	£77,975	54% above HPI

THE SPRINGS 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 THE SPRINGS sales between March 1997 and May 2004 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 August 1998 sale was for 65% above the HPI. So the extrapolation line tracks at 65% above the HPI over time, until the May 2004 sale, where it falls to 32% above the HPI. The line then continues to track at 32% above the HPI.

How Large is THE SPRINGS?

THE SPRINGS is 135m², which includes two extensions, according to the EPC inspection conducted in July 2014. This puts it in the largest 20% 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 THE SPRINGS lies on this distribution: 81% of detached houses are smaller than THE SPRINGS, and 19% of houses are larger. Note that EPC data is not available for all properties in Budock Water.

THE SPRINGS: Plot and Title Map

THE SPRINGS sits on a plot of roughly 0.454 of an acre, or 1,836m². The below map shows the location of THE SPRINGS, 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 THE SPRINGS). 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 THE SPRINGS?

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