1A, REDANNICK LANE, TRURO, TR1 2DF - £550,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1A REDANNICK LANE is a very large extended detached house of 171m², built sometime between 1983 and 1990. It was last sold for £550,000 in July 2024, which was around 26% above the average July 2024 detached price in the Cornwall local authority area. The most recent EPC inspection was May 2023, where the current energy rating was C, and the potential energy rating was C.

1A REDANNICK LANE Sold Prices

Land registry data shows four sales for 1A REDANNICK LANE 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 1A REDANNICK LANE sales were for above 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
2024 8 JUL	£550,000	£435,156	26% above HPI
2017 12 JAN	£375,000	£307,685	22% above HPI
2006 11 APR	£275,000	£263,962	4% above HPI
1998 30 APR	£105,000	£86,256	22% above HPI

1A 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 four 1A REDANNICK LANE sales between April 1998 and July 2024 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 January 2017 sale was for 22% above the HPI. So the extrapolation line tracks at 22% above the HPI over time, until the July 2024 sale, where it rises to 26% above the HPI. The line then continues to track at 26% above the HPI.

How Large is 1A REDANNICK LANE?

1A REDANNICK LANE is 171m², which includes one extension, according to the EPC inspection conducted in May 2023. This puts it in the largest 20% of detached houses in Truro, based on EPC data. The below chart shows the distribution of detached houses by size in Truro, and where 1A REDANNICK LANE lies on this distribution: 85% of detached houses are smaller than 1A REDANNICK LANE, and 15% of houses are larger. Note that EPC data is not available for all properties in Truro.

1A REDANNICK LANE: Plot and Title Map

1A REDANNICK LANE sits on a plot of roughly 0.096 of an acre, or 387m². The below map shows the location of 1A 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 1A 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 1A REDANNICK LANE?

1A REDANNICK LANE is located in TRURO, in the TR1 postcode district. The below map shows the position of No. 1A on REDANNICK LANE.