2, POLGOOTH CLOSE, REDRUTH, TR15 1QL - £260,000

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 POLGOOTH CLOSE is a midsized semi-detached house of 81m², built sometime between 1991 and 1995, which could now be worth an estimated £256,189. It was last sold for £260,000 in November 2024, which was around 11% below the average November 2024 semi-detached price in the Cornwall local authority area. The most recent EPC inspection was June 2024, where the current energy rating was C, and the potential energy rating was B.

2 POLGOOTH CLOSE Sold Prices

Land registry data shows two sales for 2 POLGOOTH CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Cornwall local authority area for the corresponding sale date. Both of the two 2 POLGOOTH 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
2024 4 NOV	£260,000	£292,537	11% below HPI
2009 31 JUL	£133,500	£172,425	23% below HPI

2 POLGOOTH CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Cornwall local authority area over time, sourced from the HPI. The two 2 POLGOOTH CLOSE sales from July 2009 and November 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 July 2009 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the November 2024 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 2 POLGOOTH CLOSE be worth now?

2 POLGOOTH CLOSE might now be worth an estimated £256,189.

This is based on house price deflation of 1.5%, between November 2024 and February 2025, for semi-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 1.5% deflationary decrease is applied to the most recent sale price for 2 POLGOOTH CLOSE of £260,000 on 4th November 2024. For the value to have decreased from £260,000 to £256,189 over the one year and nine months to February 2025, the following assumptions must hold true:

• The value of 2 POLGOOTH CLOSE has moved in line with the HPI for semi-detached houses in the Cornwall local authority area.
• The November 2024 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of 2 POLGOOTH CLOSE has not materially changed since November 2024.

How Large is 2 POLGOOTH CLOSE?

2 POLGOOTH CLOSE is 81m² according to the EPC inspection conducted in June 2024. This puts it in the smallest 50% of semi-detached houses houses in Redruth, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Redruth, and where 2 POLGOOTH CLOSE lies on this distribution: 40% of semi-detached houses houses are smaller than 2 POLGOOTH CLOSE, and 58% of houses are larger. Note that EPC data is not available for all properties in Redruth.

2 POLGOOTH CLOSE: Plot and Title Map

2 POLGOOTH CLOSE sits on a plot of roughly 0.083 of an acre, or 336m². The below map shows the location of 2 POLGOOTH 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 POLGOOTH 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 POLGOOTH CLOSE?

2 POLGOOTH CLOSE is located in REDRUTH, in the TR15 postcode district. The below map shows the position of No. 2 on POLGOOTH CLOSE.