45, TOWN FARM, REDRUTH, TR15 2XG - £245,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

45 TOWN FARM is a very small detached house of 64m², built sometime between 1991 and 1995. It was last sold for £245,000 in July 2021, which was around 35% below the average July 2021 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 three sales for 45 TOWN FARM 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 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
2021 29 JUL	£245,000	£379,257	35% below HPI
2003 15 JAN	£129,950	£196,316	34% below HPI
2001 7 NOV	£79,950	£141,481	43% 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 three 45 TOWN FARM sales between November 2001 and July 2021 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 January 2003 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the July 2021 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

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 in Redruth, based on EPC data. The below chart shows the distribution of detached houses by size in Redruth, and where 45 TOWN FARM lies on this distribution: 13% of detached 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.