3, THE SPIRES, TRURO, TR1 3UB - £540,000

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.

3 THE SPIRES is a large extended detached house of 155m², built sometime between 1991 and 1995, which could now be worth an estimated £703,633. It was last sold for £540,000 in July 2018, which was around 61% above the average July 2018 detached price in the Cornwall local authority area. The most recent EPC inspection was September 2016, where the current energy rating was C, and the potential energy rating was B.

3 THE SPIRES Sold Prices

Land registry data shows two sales for 3 THE SPIRES 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 3 THE SPIRES 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
2018 6 JUL	£540,000	£335,551	61% above HPI
2015 28 JUL	£405,000	£301,783	34% above HPI

3 THE SPIRES 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 3 THE SPIRES sales from July 2015 and July 2018 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 2015 sale was for 34% above the HPI. So the extrapolation line tracks at 34% above the HPI over time, until the July 2018 sale, where it rises to 61% above the HPI. The line then continues to track at 61% above the HPI.

What might 3 THE SPIRES be worth now?

3 THE SPIRES might now be worth an estimated £703,633.

This is based on house price inflation of 30.3%, between July 2018 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 30.3% inflationary increase is applied to the most recent sale price for 3 THE SPIRES of £540,000 on 6th July 2018. For the value to have increased from £540,000 to £703,633 over the seven years and five months to February 2025, the following assumptions must hold true:

• The value of 3 THE SPIRES has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The July 2018 sale price of £540,000 represented a fair market value for the property.
• The size, condition, and specification of 3 THE SPIRES has not materially changed since July 2018.

How Large is 3 THE SPIRES?

3 THE SPIRES is 155m², which includes one extension, according to the EPC inspection conducted in September 2016. This puts it in the largest 30% 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 3 THE SPIRES lies on this distribution: 78% of detached houses houses are smaller than 3 THE SPIRES, and 21% of houses are larger. Note that EPC data is not available for all properties in Truro.

3 THE SPIRES: Plot and Title Map

3 THE SPIRES sits on a plot of roughly 0.224 of an acre, or 908m². The below map shows the location of 3 THE SPIRES, 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 3 THE SPIRES). 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 3 THE SPIRES?

3 THE SPIRES is located in TRURO, in the TR1 postcode district. The below map shows the position of No. 3 on THE SPIRES.