19, FORTHVRAS, ILLOGAN DOWNS, REDRUTH, TR15 3XQ - £285,000

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

19 FORTHVRAS is a very small extended detached house of 71m², built sometime between 1976 and 1982. It was last sold for £285,000 in August 2023, which was around 36% below the average August 2023 detached price in the Cornwall local authority area. The most recent EPC inspection was October 2021, where the current energy rating was B, and the potential energy rating was B.

19 FORTHVRAS Sold Prices

Land registry data shows four sales for 19 FORTHVRAS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. All of the four 19 FORTHVRAS 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
2023 4 AUG	£285,000	£443,993	36% below HPI
2009 15 JUL	£175,000	£256,915	32% below HPI
2006 25 MAY	£160,000	£267,838	40% below HPI
2004 23 JAN	£154,950	£226,309	32% below HPI

19 FORTHVRAS 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 four 19 FORTHVRAS sales between January 2004 and August 2023 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 2009 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the August 2023 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is 19 FORTHVRAS?

19 FORTHVRAS is 71m², which includes two extensions, according to the EPC inspection conducted in October 2021. 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 19 FORTHVRAS lies on this distribution: 16% of detached houses are smaller than 19 FORTHVRAS, and 83% of houses are larger. Note that EPC data is not available for all properties in Illogan.

19 FORTHVRAS: Plot and Title Map

19 FORTHVRAS sits on a plot of roughly 0.083 of an acre, or 334m². The below map shows the location of 19 FORTHVRAS, 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 19 FORTHVRAS). 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 19 FORTHVRAS?

19 FORTHVRAS is located in ILLOGAN DOWNS, in the TR15 postcode district. The below map shows the position of No. 19 on FORTHVRAS.