2, LOWER MEADOW, CHACEWATER, TRURO, TR4 8LJ - £315,000

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 LOWER MEADOW is a small extended detached house of 101m², built sometime between 1996 and 2002, which could now be worth an estimated £366,278. It was last sold for £315,000 in March 2021, which was around 18% below the average March 2021 detached price in the Cornwall local authority area. The most recent EPC inspection was September 2020, where the current energy rating was D, and the potential energy rating was B.

2 LOWER MEADOW Sold Prices

Land registry data shows two sales for 2 LOWER MEADOW 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 2 LOWER MEADOW sales was for below the average price, whilst the other was 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
2021 5 MAR	£315,000	£381,844	18% below HPI
1996 18 JUN	£96,500	£72,447	33% above HPI

2 LOWER 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 two 2 LOWER MEADOW sales from June 1996 and March 2021 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 June 1996 sale was for 33% above the HPI. So the extrapolation line tracks at 33% above the HPI over time, until the March 2021 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 2 LOWER MEADOW be worth now?

2 LOWER MEADOW might now be worth an estimated £366,278.

This is based on house price inflation of 16.3%, between March 2021 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 16.3% inflationary increase is applied to the most recent sale price for 2 LOWER MEADOW of £315,000 on 5th March 2021. For the value to have increased from £315,000 to £366,278 over the two years and three months to December 2024, the following assumptions must hold true:

• The value of 2 LOWER MEADOW has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The March 2021 sale price of £315,000 represented a fair market value for the property.
• The size, condition, and specification of 2 LOWER MEADOW has not materially changed since March 2021.

How Large is 2 LOWER MEADOW?

2 LOWER MEADOW is 101m², which includes one extension, according to the EPC inspection conducted in September 2020. This puts it in the smallest 30% of detached houses houses in Chacewater, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chacewater, and where 2 LOWER MEADOW lies on this distribution: 20% of detached houses houses are smaller than 2 LOWER MEADOW, and 80% of houses are larger. Note that EPC data is not available for all properties in Chacewater.

2 LOWER MEADOW: Plot and Title Map

2 LOWER MEADOW sits on a plot of roughly 2.7 acres, or 10,776m². The below map shows the location of 2 LOWER 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 2 LOWER 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 2 LOWER MEADOW?

2 LOWER MEADOW is located in CHACEWATER, in the TR4 postcode district. The below map shows the position of No. 2 on LOWER MEADOW.