5, LODGE DRIVE, TRURO, TR1 1TX - £432,000

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.

5 LODGE DRIVE is a small extended detached house of 102m², built sometime between 1976 and 1982, which could now be worth an estimated £407,503. It was last sold for £432,000 in December 2022, which was around 7% below the average December 2022 detached price in the Cornwall local authority area. The most recent EPC inspection was September 2022, where the current energy rating was D, and the potential energy rating was B.

5 LODGE DRIVE Sold Prices

Land registry data shows three sales for 5 LODGE DRIVE 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. Two of the three 5 LODGE DRIVE sales were for below the average price, whilst one was for above 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
2022 12 DEC	£432,000	£463,515	7% below HPI
2010 12 NOV	£237,000	£289,375	18% below HPI
2000 14 APR	£119,950	£109,878	9% above HPI

5 LODGE DRIVE 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 5 LODGE DRIVE sales between April 2000 and December 2022 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 November 2010 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the December 2022 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might 5 LODGE DRIVE be worth now?

5 LODGE DRIVE might now be worth an estimated £407,503.

This is based on house price deflation of 5.7%, between December 2022 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 5.7% deflationary decrease is applied to the most recent sale price for 5 LODGE DRIVE of £432,000 on 12th December 2022. For the value to have decreased from £432,000 to £407,503 over the three years and ten months to February 2025, the following assumptions must hold true:

• The value of 5 LODGE DRIVE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The December 2022 sale price of £432,000 represented a fair market value for the property.
• The size, condition, and specification of 5 LODGE DRIVE has not materially changed since December 2022.

How Large is 5 LODGE DRIVE?

5 LODGE DRIVE is 102m², which includes one extension, according to the EPC inspection conducted in September 2022. This puts it in the smallest 40% of detached houses houses in Truro, based on EPC data. The below chart shows the distribution of detached houses houses by size in Truro, and where 5 LODGE DRIVE lies on this distribution: 34% of detached houses houses are smaller than 5 LODGE DRIVE, and 65% of houses are larger. Note that EPC data is not available for all properties in Truro.

5 LODGE DRIVE: Plot and Title Map

5 LODGE DRIVE sits on a plot of roughly 0.069 of an acre, or 278m². The below map shows the location of 5 LODGE DRIVE, 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 LODGE DRIVE). 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 LODGE DRIVE?

5 LODGE DRIVE is located in TRURO, in the TR1 postcode district. The below map shows the position of No. 5 on LODGE DRIVE.