1, THE MEADOW, ILLOGAN, REDRUTH, TR16 4RT - £175,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 THE MEADOW is a very small detached house of 70m², built sometime between 1996 and 2002. It was last sold for £175,000 in January 2014, which was around 37% below the average January 2014 detached price in the Cornwall local authority area. The most recent EPC inspection was July 2013, where the current energy rating was C, and the potential energy rating was B.

1 THE MEADOW Sold Prices

Land registry data shows three sales for 1 THE MEADOW 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 1 THE MEADOW 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
2014 9 JAN	£175,000	£276,524	37% below HPI
2004 2 FEB	£175,000	£228,443	23% below HPI
1997 26 SEP	£64,500	£83,854	23% below HPI

1 THE MEADOW 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 1 THE MEADOW sales between September 1997 and January 2014 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 February 2004 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the January 2014 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

How Large is 1 THE MEADOW?

1 THE MEADOW is 70m² according to the EPC inspection conducted in July 2013. This puts it in the smallest 20% of detached houses in Illogan, based on EPC data. The below chart shows the distribution of detached houses by size in Illogan, and where 1 THE MEADOW lies on this distribution: 14% of detached houses are smaller than 1 THE MEADOW, and 85% of houses are larger. Note that EPC data is not available for all properties in Illogan.

1 THE MEADOW: Plot and Title Map

1 THE MEADOW sits on a plot of roughly 0.087 of an acre, or 351m². The below map shows the location of 1 THE MEADOW, 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 THE MEADOW). 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 THE MEADOW?

1 THE MEADOW is located in ILLOGAN, in the TR16 postcode district. The below map shows the position of No. 1 on THE MEADOW.