8, EAST PARK, REDRUTH, TR15 2DP - £210,000

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

8 EAST PARK is a very small extended detached house of 66m², built sometime between 1967 and 1975. It was last sold for £210,000 in July 2022, which was around 52% below the average July 2022 detached price in the Cornwall local authority area. The most recent EPC inspection was February 2022, where the current energy rating was D, and the potential energy rating was C.

8 EAST PARK Sold Prices

Land registry data shows three sales for 8 EAST PARK 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 8 EAST PARK 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
2022 15 JUL	£210,000	£436,442	52% below HPI
2011 9 DEC	£170,000	£271,239	37% below HPI
2007 22 NOV	£182,500	£301,935	40% below HPI

8 EAST PARK 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 8 EAST PARK sales between November 2007 and July 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 December 2011 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the July 2022 sale, where it falls to 52% below the HPI. The line then continues to track at 52% below the HPI.

How Large is 8 EAST PARK?

8 EAST PARK is 66m², which includes two extensions, according to the EPC inspection conducted in February 2022. 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 8 EAST PARK lies on this distribution: 17% of detached houses are smaller than 8 EAST PARK, and 82% of houses are larger. Note that EPC data is not available for all properties in Redruth.

8 EAST PARK: Plot and Title Map

8 EAST PARK sits on a plot of roughly 0.107 of an acre, or 431m². The below map shows the location of 8 EAST PARK, 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 8 EAST PARK). 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 8 EAST PARK?

8 EAST PARK is located in REDRUTH, in the TR15 postcode district. The below map shows the position of No. 8 on EAST PARK.