45, TOWN FARM, REDRUTH, TR15 2XG - £310,000

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

45 TOWN FARM is a very small detached house of 64m², built sometime between 1991 and 1995, which could now be worth an estimated £309,196. It was last sold for £310,000 in November 2024, which was around 30% below the average November 2024 detached price in the Cornwall local authority area. The most recent EPC inspection was January 2021, where the current energy rating was C, and the potential energy rating was B.

45 TOWN FARM Sold Prices

Land registry data shows four sales for 45 TOWN FARM since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. All of the four 45 TOWN FARM 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
2024 28 NOV	£310,000	£445,157	30% below HPI
2021 29 JUL	£245,000	£385,232	36% below HPI
2003 15 JAN	£129,950	£199,409	35% below HPI
2001 7 NOV	£79,950	£143,710	44% below HPI

45 TOWN FARM 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 four 45 TOWN FARM sales between November 2001 and November 2024 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 2021 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the November 2024 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 45 TOWN FARM be worth now?

45 TOWN FARM might now be worth an estimated £309,196.

This is based on house price deflation of 0.3%, between November 2024 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 0.3% deflationary decrease is applied to the most recent sale price for 45 TOWN FARM of £310,000 on 28th November 2024. For the value to have decreased from £310,000 to £309,196 over the eleven months to December 2024, the following assumptions must hold true:

• The value of 45 TOWN FARM has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The November 2024 sale price of £310,000 represented a fair market value for the property.
• The size, condition, and specification of 45 TOWN FARM has not materially changed since November 2024.

How Large is 45 TOWN FARM?

45 TOWN FARM is 64m² according to the EPC inspection conducted in January 2021. This puts it in the smallest 20% 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 45 TOWN FARM lies on this distribution: 13% of detached houses houses are smaller than 45 TOWN FARM, and 86% of houses are larger. Note that EPC data is not available for all properties in Redruth.

45 TOWN FARM: Plot and Title Map

45 TOWN FARM sits on a plot of roughly 164.8 acres, or 667,054m². The below map shows the location of 45 TOWN FARM, 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 45 TOWN FARM). 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 45 TOWN FARM?

45 TOWN FARM is located in REDRUTH, in the TR15 postcode district. The below map shows the position of No. 45 on TOWN FARM.