2, THE CLOSE, TRURO, TR1 1LY - £274,000

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 THE CLOSE is a small detached house of 98m², built sometime between 1967 and 1975, which could now be worth an estimated £412,109. It was last sold for £274,000 in May 2010, which was around 4% below the average May 2010 detached price in the Cornwall local authority area. The most recent EPC inspection was July 2009, where the current energy rating was C, and the potential energy rating was C.

2 THE CLOSE Sold Prices

Land registry data shows two sales for 2 THE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. Both of the two 2 THE 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
2010 28 MAY	£274,000	£284,550	4% below HPI
2008 8 JAN	£242,000	£303,402	20% below HPI

2 THE CLOSE 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 two 2 THE CLOSE sales from January 2008 and May 2010 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 2008 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the May 2010 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 2 THE CLOSE be worth now?

2 THE CLOSE might now be worth an estimated £412,109.

This is based on house price inflation of 50.4%, between May 2010 and November 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 50.4% inflationary increase is applied to the most recent sale price for 2 THE CLOSE of £274,000 on 28th May 2010. For the value to have increased from £274,000 to £412,109 over the fourteen years and six months to November 2025, the following assumptions must hold true:

• The value of 2 THE CLOSE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The May 2010 sale price of £274,000 represented a fair market value for the property.
• The size, condition, and specification of 2 THE CLOSE has not materially changed since May 2010.

How Large is 2 THE CLOSE?

2 THE CLOSE is 98m² according to the EPC inspection conducted in July 2009. This puts it in the smallest 40% of detached houses houses in Truro, based on EPC data. The below chart shows the distribution of detached houses houses by size in Truro, and where 2 THE CLOSE lies on this distribution: 30% of detached houses houses are smaller than 2 THE CLOSE, and 70% of houses are larger. Note that EPC data is not available for all properties in Truro.

2 THE CLOSE: Plot and Title Map

2 THE CLOSE sits on a plot of roughly 0.149 of an acre, or 605m². The below map shows the location of 2 THE 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 THE 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 THE CLOSE?

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