2, LYCHGATE DRIVE, TRURO, TR1 3UE - £389,000

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

2 LYCHGATE DRIVE is a very small detached house of 84m², built sometime between 1967 and 1975. It was last sold for £389,000 in April 2021, which was around 3% above the average April 2021 detached price in the Cornwall local authority area. The most recent EPC inspection was November 2018, where the current energy rating was D, and the potential energy rating was B.

2 LYCHGATE DRIVE Sold Prices

Land registry data shows four sales for 2 LYCHGATE DRIVE 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 LYCHGATE DRIVE 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
2021 23 APR	£389,000	£376,698	3% above HPI
2007 11 APR	£357,500	£283,992	26% above HPI
2004 10 AUG	£325,000	£252,056	29% above HPI
1999 23 APR	£48,334	£93,157	48% below HPI

2 LYCHGATE DRIVE 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 LYCHGATE DRIVE sales between April 1999 and April 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 April 2007 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the April 2021 sale, where it falls to 3% above the HPI. The line then continues to track at 3% above the HPI.

How Large is 2 LYCHGATE DRIVE?

2 LYCHGATE DRIVE is 84m² according to the EPC inspection conducted in November 2018. This puts it in the smallest 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 2 LYCHGATE DRIVE lies on this distribution: 15% of detached houses are smaller than 2 LYCHGATE DRIVE, and 84% of houses are larger. Note that EPC data is not available for all properties in Truro.

2 LYCHGATE DRIVE: Plot and Title Map

2 LYCHGATE DRIVE sits on a plot of roughly 0.115 of an acre, or 464m². The below map shows the location of 2 LYCHGATE DRIVE, 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 LYCHGATE DRIVE). 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 LYCHGATE DRIVE?

2 LYCHGATE DRIVE is located in TRURO, in the TR1 postcode district. The below map shows the position of No. 2 on LYCHGATE DRIVE.