4, SPARNON CLOSE, REDRUTH, TR15 2RJ - £248,000

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.

4 SPARNON CLOSE is a midsized extended detached house of 84m², built sometime between 1967 and 1975, which could now be worth an estimated £318,460. It was last sold for £248,000 in March 2019, which was around 27% below the average March 2019 detached price in the Cornwall local authority area. The most recent EPC inspection was October 2017, where the current energy rating was D, and the potential energy rating was B.

4 SPARNON CLOSE Sold Prices

Land registry data shows two sales for 4 SPARNON 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 4 SPARNON 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
2019 28 MAR	£248,000	£340,493	27% below HPI
2005 26 SEP	£139,000	£265,746	48% below HPI

4 SPARNON 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 4 SPARNON CLOSE sales from September 2005 and March 2019 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 September 2005 sale was for 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the March 2019 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 4 SPARNON CLOSE be worth now?

4 SPARNON CLOSE might now be worth an estimated £318,460.

This is based on house price inflation of 28.4%, between March 2019 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 28.4% inflationary increase is applied to the most recent sale price for 4 SPARNON CLOSE of £248,000 on 28th March 2019. For the value to have increased from £248,000 to £318,460 over the six years and one month to February 2025, the following assumptions must hold true:

• The value of 4 SPARNON CLOSE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The March 2019 sale price of £248,000 represented a fair market value for the property.
• The size, condition, and specification of 4 SPARNON CLOSE has not materially changed since March 2019.

How Large is 4 SPARNON CLOSE?

4 SPARNON CLOSE is 84m², which includes one extension, according to the EPC inspection conducted in October 2017. This puts it in the smallest 50% of detached houses houses in Redruth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Redruth, and where 4 SPARNON CLOSE lies on this distribution: 45% of detached houses houses are smaller than 4 SPARNON CLOSE, and 54% of houses are larger. Note that EPC data is not available for all properties in Redruth.

4 SPARNON CLOSE: Plot and Title Map

4 SPARNON CLOSE sits on a plot of roughly 0.142 of an acre, or 575m². The below map shows the location of 4 SPARNON 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 4 SPARNON 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 4 SPARNON CLOSE?

4 SPARNON CLOSE is located in REDRUTH, in the TR15 postcode district. The below map shows the position of No. 4 on SPARNON CLOSE.