38, REDANNICK LANE, TRURO, TR1 2JP - £223,000

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

38 REDANNICK LANE is a very small semi-detached house of 78m², built sometime between 1967 and 1975. It was last sold for £223,000 in March 2018, which was around 32% below the average March 2018 detached price in the Cornwall local authority area. The most recent EPC inspection was November 2013, where the current energy rating was C, and the potential energy rating was B.

38 REDANNICK LANE Sold Prices

Land registry data shows three sales for 38 REDANNICK LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. All of the three 38 REDANNICK LANE 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
2018 9 MAR	£223,000	£328,446	32% below HPI
2014 7 MAR	£212,000	£280,896	25% below HPI
2004 27 FEB	£154,950	£228,443	32% below HPI

38 REDANNICK 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 three 38 REDANNICK LANE sales between February 2004 and March 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 March 2014 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the March 2018 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 38 REDANNICK LANE?

38 REDANNICK LANE is 78m² according to the EPC inspection conducted in November 2013. This puts it in the smallest 10% of detached houses in Truro, based on EPC data. The below chart shows the distribution of detached houses by size in Truro, and where 38 REDANNICK LANE lies on this distribution: 10% of detached houses are smaller than 38 REDANNICK LANE, and 90% of houses are larger. Note that EPC data is not available for all properties in Truro.

38 REDANNICK LANE: Plot and Title Map

38 REDANNICK LANE sits on a plot of roughly 0.057 of an acre, or 230m². The below map shows the location of 38 REDANNICK 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 38 REDANNICK 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 38 REDANNICK LANE?

38 REDANNICK LANE is located in TRURO, in the TR1 postcode district. The below map shows the position of No. 38 on REDANNICK LANE.