1, EAST PARK, REDRUTH, TR15 2DP - £197,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 EAST PARK is a very small extended detached house of 68m², built sometime between 1950 and 1966, which could now be worth an estimated £322,917. It was last sold for £197,500 in April 2013, which was around 27% below the average April 2013 detached price in the Cornwall local authority area. The most recent EPC inspection was July 2012, where the current energy rating was E, and the potential energy rating was B.

1 EAST PARK Sold Prices

Land registry data shows two sales for 1 EAST PARK 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. Both of the two 1 EAST PARK 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
2013 26 APR	£197,500	£271,558	27% below HPI
2004 2 APR	£165,000	£237,096	30% below HPI

1 EAST PARK 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 1 EAST PARK sales from April 2004 and April 2013 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 2004 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the April 2013 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 1 EAST PARK be worth now?

1 EAST PARK might now be worth an estimated £322,917.

This is based on house price inflation of 63.5%, between April 2013 and December 2024, 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 63.5% inflationary increase is applied to the most recent sale price for 1 EAST PARK of £197,500 on 26th April 2013. For the value to have increased from £197,500 to £322,917 over the ten years and four months to December 2024, the following assumptions must hold true:

• The value of 1 EAST PARK has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The April 2013 sale price of £197,500 represented a fair market value for the property.
• The size, condition, and specification of 1 EAST PARK has not materially changed since April 2013.

How Large is 1 EAST PARK?

1 EAST PARK is 68m², which includes two extensions, according to the EPC inspection conducted in July 2012. This puts it in the smallest 20% of detached houses houses in Redruth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Redruth, and where 1 EAST PARK lies on this distribution: 19% of detached houses houses are smaller than 1 EAST PARK, and 79% of houses are larger. Note that EPC data is not available for all properties in Redruth.

1 EAST PARK: Plot and Title Map

1 EAST PARK sits on a plot of roughly 0.124 of an acre, or 503m². The below map shows the location of 1 EAST PARK, 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 1 EAST PARK). 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 1 EAST PARK?

1 EAST PARK is located in REDRUTH, in the TR15 postcode district. The below map shows the position of No. 1 on EAST PARK.