2, SCHOOL LANE, MARAZION, TR17 0DG - £330,000

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 SCHOOL LANE is a very small terraced house of 80m², built sometime between 1900 and 1929, which could now be worth an estimated £322,144. It was last sold for £330,000 in July 2022, which was around 38% above the average July 2022 terraced price in the Cornwall local authority area. The most recent EPC inspection was July 2022, where the current energy rating was E, and the potential energy rating was B.

2 SCHOOL LANE Sold Prices

Land registry data shows two sales for 2 SCHOOL LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Cornwall local authority area for the corresponding sale date. One of the two 2 SCHOOL LANE sales was for above the average price, whilst the other was 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
2022 28 JUL	£330,000	£238,399	38% above HPI
2022 5 JAN	£200,000	£224,581	11% below HPI

2 SCHOOL LANE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Cornwall local authority area over time, sourced from the HPI. The two 2 SCHOOL LANE sales from January 2022 and July 2022 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 January 2022 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the July 2022 sale, where it rises to 38% above the HPI. The line then continues to track at 38% above the HPI.

What might 2 SCHOOL LANE be worth now?

2 SCHOOL LANE might now be worth an estimated £322,144.

This is based on house price deflation of 2.4%, between July 2022 and July 2025, for terraced 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 2.4% deflationary decrease is applied to the most recent sale price for 2 SCHOOL LANE of £330,000 on 28th July 2022. For the value to have decreased from £330,000 to £322,144 over the three years to July 2025, the following assumptions must hold true:

• The value of 2 SCHOOL LANE has moved in line with the HPI for terraced houses in the Cornwall local authority area.
• The July 2022 sale price of £330,000 represented a fair market value for the property.
• The size, condition, and specification of 2 SCHOOL LANE has not materially changed since July 2022.

How Large is 2 SCHOOL LANE?

2 SCHOOL LANE is 80m² according to the EPC inspection conducted in July 2022. This puts it in the smallest 20% of terraced houses houses in Market Jew, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Market Jew, and where 2 SCHOOL LANE lies on this distribution: 14% of terraced houses houses are smaller than 2 SCHOOL LANE, and 86% of houses are larger. Note that EPC data is not available for all properties in Market Jew.

2 SCHOOL LANE: Plot and Title Map

2 SCHOOL LANE sits on a plot of roughly 0.027 of an acre, or 108m². The below map shows the location of 2 SCHOOL LANE, 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 SCHOOL LANE). 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 SCHOOL LANE?

2 SCHOOL LANE is located in MARAZION, in the TR17 postcode district. The below map shows the position of No. 2 on SCHOOL LANE.