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

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 PRAED PLACE is a very large extended detached house of 192m², built sometime between 2003 and 2006. It was last sold for £1,240,000 in August 2023, which was around 179% 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	£443,993	179% above HPI
2020 17 DEC	£985,000	£379,621	159% above HPI
2013 28 NOV	£640,000	£277,939	130% above HPI
2012 19 DEC	£685,000	£267,018	157% above HPI
2003 25 MAR	£348,000	£198,922	75% 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 159% above the HPI. So the extrapolation line tracks at 159% above the HPI over time, until the August 2023 sale, where it rises to 179% above the HPI. The line then continues to track at 179% above the HPI.

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 in Lelant, based on EPC data. The below chart shows the distribution of detached houses by size in Lelant, and where 2 PRAED PLACE lies on this distribution: 87% of detached houses are smaller than 2 PRAED PLACE, and 13% 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 0.536 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.