5, MILL LANE, GRAMPOUND, TRURO, TR2 4RU - £475,000

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 MILL LANE is a very large extended detached house of 236m², built sometime between 1991 and 1995, which could now be worth an estimated £740,599. It was last sold for £475,000 in March 2011, which was around 69% above the average March 2011 detached price in the Cornwall local authority area. The most recent EPC inspection was December 2010, where the current energy rating was D, and the potential energy rating was D.

5 MILL LANE Sold Prices

Land registry data shows three sales for 5 MILL LANE 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 5 MILL LANE sales were 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
2011 4 MAR	£475,000	£280,428	69% above HPI
2007 25 SEP	£420,000	£304,779	38% above HPI
2000 11 APR	£225,000	£109,878	105% above HPI

5 MILL 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 three 5 MILL LANE sales between April 2000 and March 2011 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 2007 sale was for 38% above the HPI. So the extrapolation line tracks at 38% above the HPI over time, until the March 2011 sale, where it rises to 69% above the HPI. The line then continues to track at 69% above the HPI.

What might 5 MILL LANE be worth now?

5 MILL LANE might now be worth an estimated £740,599.

This is based on house price inflation of 55.9%, between March 2011 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 55.9% inflationary increase is applied to the most recent sale price for 5 MILL LANE of £475,000 on 4th March 2011. For the value to have increased from £475,000 to £740,599 over the fourteen years and one month to February 2025, the following assumptions must hold true:

• The value of 5 MILL LANE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The March 2011 sale price of £475,000 represented a fair market value for the property.
• The size, condition, and specification of 5 MILL LANE has not materially changed since March 2011.

How Large is 5 MILL LANE?

5 MILL LANE is 236m², which includes one extension, according to the EPC inspection conducted in December 2010. This puts it in the largest 10% of detached houses houses in Grampound, based on EPC data. The below chart shows the distribution of detached houses houses by size in Grampound, and where 5 MILL LANE lies on this distribution: 97% of detached houses houses are smaller than 5 MILL LANE, and 3% of houses are larger. Note that EPC data is not available for all properties in Grampound.

5 MILL LANE: Plot and Title Map

5 MILL LANE sits on a plot of roughly 0.163 of an acre, or 660m². The below map shows the location of 5 MILL 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 MILL 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 MILL LANE?

5 MILL LANE is located in GRAMPOUND, in the TR2 postcode district. The below map shows the position of No. 5 on MILL LANE.