1, SPARNON CLOSE, REDRUTH, TR15 2RJ - £225,000

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 SPARNON CLOSE is a large extended detached house of 103m², built sometime between 1967 and 1975, which could now be worth an estimated £331,035. It was last sold for £225,000 in July 2015, which was around 25% below the average July 2015 detached price in the Cornwall local authority area. The most recent EPC inspection was April 2012, where the current energy rating was C, and the potential energy rating was B.

1 SPARNON CLOSE Sold Prices

Land registry data shows two sales for 1 SPARNON CLOSE 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 SPARNON CLOSE 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
2015 10 JUL	£225,000	£301,783	25% below HPI
2002 12 APR	£85,000	£153,157	45% below HPI

1 SPARNON CLOSE 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 SPARNON CLOSE sales from April 2002 and July 2015 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 2002 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the July 2015 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 1 SPARNON CLOSE be worth now?

1 SPARNON CLOSE might now be worth an estimated £331,035.

This is based on house price inflation of 47.1%, between July 2015 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 47.1% inflationary increase is applied to the most recent sale price for 1 SPARNON CLOSE of £225,000 on 10th July 2015. For the value to have increased from £225,000 to £331,035 over the eight years and seven months to December 2024, the following assumptions must hold true:

• The value of 1 SPARNON CLOSE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The July 2015 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 1 SPARNON CLOSE has not materially changed since July 2015.

How Large is 1 SPARNON CLOSE?

1 SPARNON CLOSE is 103m², which includes three extensions, according to the EPC inspection conducted in April 2012. This puts it in the largest 40% 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 SPARNON CLOSE lies on this distribution: 66% of detached houses houses are smaller than 1 SPARNON CLOSE, and 32% of houses are larger. Note that EPC data is not available for all properties in Redruth.

1 SPARNON CLOSE: Plot and Title Map

1 SPARNON CLOSE sits on a plot of roughly 0.141 of an acre, or 570m². The below map shows the location of 1 SPARNON CLOSE, 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 SPARNON CLOSE). 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 SPARNON CLOSE?

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