3, PIT LANE, HIGHER FRADDON, ST COLUMB, TR9 6LG - £195,000

3 PIT LANE is a very small detached house of 74m², built sometime between 2003 and 2006. It was last sold for £195,000 in December 2018, which was around 42% below the average December 2018 detached price in the Cornwall local authority area. The most recent EPC inspection was November 2013, where the current energy rating was C, and the potential energy rating was B.

3 PIT LANE Sold Prices

Land registry data shows three sales for 3 PIT LANE 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 3 PIT LANE 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
2018 20 DEC	£195,000	£335,595	42% below HPI
2014 16 APR	£191,115	£281,215	32% below HPI
2007 5 APR	£179,950	£283,992	37% below HPI

3 PIT LANE 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 3 PIT LANE sales between April 2007 and December 2018 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 2014 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the December 2018 sale, where it falls to 42% below the HPI. The line then continues to track at 42% below the HPI.

How Large is 3 PIT LANE?

3 PIT LANE is 74m² according to the EPC inspection conducted in November 2013. This puts it in the smallest 10% of detached houses in Indian Queens, based on EPC data. The below chart shows the distribution of detached houses by size in Indian Queens, and where 3 PIT LANE lies on this distribution: 9% of detached houses are smaller than 3 PIT LANE, and 90% of houses are larger. Note that EPC data is not available for all properties in Indian Queens.

3 PIT LANE: Plot and Title Map

3 PIT LANE sits on a plot of roughly 0.041 of an acre, or 167m². The below map shows the location of 3 PIT LANE, 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 3 PIT LANE). 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 3 PIT LANE?

3 PIT LANE is located in HIGHER FRADDON, in the TR9 postcode district. The below map shows the position of No. 3 on PIT LANE.