7, NEW LANE, REDRUTH HIGHWAY, REDRUTH, TR15 1RE - £240,000

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

7 NEW LANE is a small detached house of 77m², built sometime between 1967 and 1975. It was last sold for £240,000 in July 2019, which was around 29% below the average July 2019 detached price in the Cornwall local authority area. The most recent EPC inspection was September 2009, where the current energy rating was E, and the potential energy rating was E.

7 NEW LANE Sold Prices

Land registry data shows three sales for 7 NEW 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 7 NEW 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
2019 26 JUL	£240,000	£337,063	29% below HPI
2009 2 DEC	£217,500	£266,202	18% below HPI
2002 17 MAY	£139,950	£154,610	9% below HPI

7 NEW 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 7 NEW LANE sales between May 2002 and July 2019 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 2009 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the July 2019 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 7 NEW LANE?

7 NEW LANE is 77m² according to the EPC inspection conducted in September 2009. This puts it in the smallest 40% of detached houses in Redruth, based on EPC data. The below chart shows the distribution of detached houses by size in Redruth, and where 7 NEW LANE lies on this distribution: 34% of detached houses are smaller than 7 NEW LANE, and 66% of houses are larger. Note that EPC data is not available for all properties in Redruth.

7 NEW LANE: Plot and Title Map

7 NEW LANE sits on a plot of roughly 0.106 of an acre, or 428m². The below map shows the location of 7 NEW 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 7 NEW 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 7 NEW LANE?

7 NEW LANE is located in REDRUTH HIGHWAY, in the TR15 postcode district. The below map shows the position of No. 7 on NEW LANE.