2, PRAED PLACE, LELANT, ST IVES, TR26 3DX - £1,240,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 PRAED PLACE is a very large extended detached house of 192m², built sometime between 2003 and 2006, which could now be worth an estimated £1,202,175. It was last sold for £1,240,000 in August 2023, which was around 175% above the average August 2023 detached price in the Cornwall local authority area. The most recent EPC inspection was March 2023, where the current energy rating was C, and the potential energy rating was B.

2 PRAED PLACE Sold Prices

Land registry data shows five sales for 2 PRAED PLACE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. All of the five 2 PRAED PLACE 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
2023 15 AUG	£1,240,000	£450,988	175% above HPI
2020 17 DEC	£985,000	£385,602	155% above HPI
2013 28 NOV	£640,000	£282,318	127% above HPI
2012 19 DEC	£685,000	£271,224	153% above HPI
2003 25 MAR	£348,000	£202,056	72% above HPI

2 PRAED PLACE 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 five 2 PRAED PLACE sales between March 2003 and August 2023 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 December 2020 sale was for 155% above the HPI. So the extrapolation line tracks at 155% above the HPI over time, until the August 2023 sale, where it rises to 175% above the HPI. The line then continues to track at 175% above the HPI.

What might 2 PRAED PLACE be worth now?

2 PRAED PLACE might now be worth an estimated £1,202,175.

This is based on house price deflation of 3.1%, between August 2023 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 3.1% deflationary decrease is applied to the most recent sale price for 2 PRAED PLACE of £1,240,000 on 15th August 2023. For the value to have decreased from £1,240,000 to £1,202,175 over the two years and six months to February 2025, the following assumptions must hold true:

• The value of 2 PRAED PLACE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The August 2023 sale price of £1,240,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PRAED PLACE has not materially changed since August 2023.

How Large is 2 PRAED PLACE?

2 PRAED PLACE is 192m², which includes one extension, according to the EPC inspection conducted in March 2023. This puts it in the largest 20% of detached houses houses in Lelant, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lelant, and where 2 PRAED PLACE lies on this distribution: 86% of detached houses houses are smaller than 2 PRAED PLACE, and 14% of houses are larger. Note that EPC data is not available for all properties in Lelant.

2 PRAED PLACE: Plot and Title Map

2 PRAED PLACE sits on a plot of roughly 0.535 of an acre, or 2,167m². The below map shows the location of 2 PRAED PLACE, 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 PRAED PLACE). 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 PRAED PLACE?

2 PRAED PLACE is located in LELANT, in the TR26 postcode district. The below map shows the position of No. 2 on PRAED PLACE.