16, REDANNICK LANE, TRURO, TR1 2JR - £362,500

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

16 REDANNICK LANE is a midsized detached house of 117m², built sometime between 1930 and 1949, which could now be worth an estimated £519,695. It was last sold for £362,500 in October 2016, which was around 17% above the average October 2016 detached price in the Cornwall local authority area. The most recent EPC inspection was October 2020, where the current energy rating was D, and the potential energy rating was C.

16 REDANNICK LANE Sold Prices

Land registry data shows two sales for 16 REDANNICK LANE 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. One of the two 16 REDANNICK LANE sales was for above the average price, whilst the other was 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
2016 19 OCT	£362,500	£309,703	17% above HPI
2006 28 JUL	£248,500	£273,544	9% below HPI

16 REDANNICK 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 two 16 REDANNICK LANE sales from July 2006 and October 2016 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 July 2006 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the October 2016 sale, where it rises to 17% above the HPI. The line then continues to track at 17% above the HPI.

What might 16 REDANNICK LANE be worth now?

16 REDANNICK LANE might now be worth an estimated £519,695.

This is based on house price inflation of 43.4%, between October 2016 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 43.4% inflationary increase is applied to the most recent sale price for 16 REDANNICK LANE of £362,500 on 19th October 2016. For the value to have increased from £362,500 to £519,695 over the seven years and ten months to December 2024, the following assumptions must hold true:

• The value of 16 REDANNICK LANE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The October 2016 sale price of £362,500 represented a fair market value for the property.
• The size, condition, and specification of 16 REDANNICK LANE has not materially changed since October 2016.

How Large is 16 REDANNICK LANE?

16 REDANNICK LANE is 117m² according to the EPC inspection conducted in October 2020. This puts it in the largest 50% of detached houses houses in Truro, based on EPC data. The below chart shows the distribution of detached houses houses by size in Truro, and where 16 REDANNICK LANE lies on this distribution: 53% of detached houses houses are smaller than 16 REDANNICK LANE, and 46% of houses are larger. Note that EPC data is not available for all properties in Truro.

16 REDANNICK LANE: Plot and Title Map

16 REDANNICK LANE sits on a plot of roughly 0.095 of an acre, or 383m². The below map shows the location of 16 REDANNICK 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 16 REDANNICK 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 16 REDANNICK LANE?

16 REDANNICK LANE is located in TRURO, in the TR1 postcode district. The below map shows the position of No. 16 on REDANNICK LANE.