2, ELERKEY CLOSE, VERYAN, TRURO, TR2 5QS - £495,000

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

2 ELERKEY CLOSE is a midsized detached house of 88m², built sometime between 1983 and 1990, which could now be worth an estimated £482,266. It was last sold for £495,000 in August 2022, which was around 10% above the average August 2022 detached price in the Cornwall local authority area. The most recent EPC inspection was February 2019, where the current energy rating was E, and the potential energy rating was B.

2 ELERKEY CLOSE Sold Prices

Land registry data shows four sales for 2 ELERKEY CLOSE 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. Most of the four 2 ELERKEY 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
2022 1 AUG	£495,000	£448,776	10% above HPI
2019 6 AUG	£327,500	£345,037	5% below HPI
2016 4 OCT	£255,000	£309,703	18% below HPI
2009 30 SEP	£215,000	£265,944	19% below HPI

2 ELERKEY 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 four 2 ELERKEY CLOSE sales between September 2009 and August 2022 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 August 2019 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the August 2022 sale, where it rises to 10% above the HPI. The line then continues to track at 10% above the HPI.

What might 2 ELERKEY CLOSE be worth now?

2 ELERKEY CLOSE might now be worth an estimated £482,266.

This is based on house price deflation of 2.6%, between August 2022 and February 2025, 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 2.6% deflationary decrease is applied to the most recent sale price for 2 ELERKEY CLOSE of £495,000 on 1st August 2022. For the value to have decreased from £495,000 to £482,266 over the three years and six months to February 2025, the following assumptions must hold true:

• The value of 2 ELERKEY CLOSE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The August 2022 sale price of £495,000 represented a fair market value for the property.
• The size, condition, and specification of 2 ELERKEY CLOSE has not materially changed since August 2022.

How Large is 2 ELERKEY CLOSE?

2 ELERKEY CLOSE is 88m² according to the EPC inspection conducted in February 2019. This puts it in the smallest 50% of detached houses houses in Veryan, based on EPC data. The below chart shows the distribution of detached houses houses by size in Veryan, and where 2 ELERKEY CLOSE lies on this distribution: 44% of detached houses houses are smaller than 2 ELERKEY CLOSE, and 51% of houses are larger. Note that EPC data is not available for all properties in Veryan.

2 ELERKEY CLOSE: Plot and Title Map

2 ELERKEY CLOSE sits on a plot of roughly 0.109 of an acre, or 442m². The below map shows the location of 2 ELERKEY 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 2 ELERKEY 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 2 ELERKEY CLOSE?

2 ELERKEY CLOSE is located in VERYAN, in the TR2 postcode district. The below map shows the position of No. 2 on ELERKEY CLOSE.