5, BROAD LANE, ILLOGAN, REDRUTH, TR15 3HY - £136,000

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

5 BROAD LANE is a very small extended detached house of 43m², built sometime before 1900. It was last sold for £136,000 in March 2016, which was around 56% below the average March 2016 detached price in the Cornwall local authority area. The most recent EPC inspection was October 2008, where the current energy rating was D, and the potential energy rating was C.

5 BROAD LANE Sold Prices

Land registry data shows five sales for 5 BROAD LANE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. All of the five 5 BROAD 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
2016 3 MAR	£136,000	£307,330	56% below HPI
2004 22 DEC	£80,000	£259,018	69% below HPI
2001 9 MAR	£52,950	£121,560	56% below HPI
2000 10 JUL	£52,250	£114,703	54% below HPI
1999 10 NOV	£22,500	£101,894	78% below HPI

5 BROAD 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 five 5 BROAD LANE sales between November 1999 and March 2016 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 December 2004 sale was for 69% below the HPI. So the extrapolation line tracks at 69% below the HPI over time, until the March 2016 sale, where it rises to 56% below the HPI. The line then continues to track at 56% below the HPI.

How Large is 5 BROAD LANE?

5 BROAD LANE is 43m², which includes one extension, according to the EPC inspection conducted in October 2008. This puts it in the smallest 10% of detached houses in Illogan, based on EPC data. The below chart shows the distribution of detached houses by size in Illogan, and where 5 BROAD LANE lies on this distribution: Less than 1% of detached houses are smaller than 5 BROAD LANE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Illogan.

5 BROAD LANE: Plot and Title Map

5 BROAD LANE sits on a plot of roughly 0.036 of an acre, or 146m². The below map shows the location of 5 BROAD 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 5 BROAD 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 5 BROAD LANE?

5 BROAD LANE is located in ILLOGAN, in the TR15 postcode district. The below map shows the position of No. 5 on BROAD LANE.