2, WOOD LANE, TRURO, TR1 2UU - £421,250

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 WOOD LANE is a very large extended detached house of 165m², built sometime between 1983 and 1990, which could now be worth an estimated £591,253. It was last sold for £421,250 in April 2017, which was around 33% above the average April 2017 detached price in the Cornwall local authority area. The most recent EPC inspection was June 2012, where the current energy rating was C, and the potential energy rating was B.

2 WOOD LANE Sold Prices

Land registry data shows two sales for 2 WOOD LANE 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 WOOD LANE 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
2017 27 APR	£421,250	£316,339	33% above HPI
2013 30 JUL	£377,500	£278,576	36% above HPI

2 WOOD LANE 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 WOOD LANE sales from July 2013 and April 2017 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 2013 sale was for 36% above the HPI. So the extrapolation line tracks at 36% above the HPI over time, until the April 2017 sale, where it falls to 33% above the HPI. The line then continues to track at 33% above the HPI.

What might 2 WOOD LANE be worth now?

2 WOOD LANE might now be worth an estimated £591,253.

This is based on house price inflation of 40.4%, between April 2017 and December 2024, 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 40.4% inflationary increase is applied to the most recent sale price for 2 WOOD LANE of £421,250 on 27th April 2017. For the value to have increased from £421,250 to £591,253 over the six years and four months to December 2024, the following assumptions must hold true:

• The value of 2 WOOD LANE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The April 2017 sale price of £421,250 represented a fair market value for the property.
• The size, condition, and specification of 2 WOOD LANE has not materially changed since April 2017.

How Large is 2 WOOD LANE?

2 WOOD LANE is 165m², which includes one extension, according to the EPC inspection conducted in June 2012. This puts it in the largest 20% 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 WOOD LANE lies on this distribution: 82% of detached houses houses are smaller than 2 WOOD LANE, and 17% of houses are larger. Note that EPC data is not available for all properties in Truro.

2 WOOD LANE: Plot and Title Map

2 WOOD LANE sits on a plot of roughly 0.173 of an acre, or 701m². The below map shows the location of 2 WOOD 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 WOOD 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 WOOD LANE?

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