9, MARTINVALE PARC, MOUNT AMBROSE, REDRUTH, TR15 1SD - £275,000

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.

9 MARTINVALE PARC is a very small detached house of 64m², built sometime between 1967 and 1975, which could now be worth an estimated £270,070. It was last sold for £275,000 in July 2023, which was around 38% below the average July 2023 detached price in the Cornwall local authority area. The most recent EPC inspection was February 2021, where the current energy rating was D, and the potential energy rating was B.

9 MARTINVALE PARC Sold Prices

Land registry data shows two sales for 9 MARTINVALE PARC since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. Both of the two 9 MARTINVALE PARC 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
2023 7 JUL	£275,000	£445,213	38% below HPI
2004 14 MAY	£158,000	£239,404	34% below HPI

9 MARTINVALE PARC 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 two 9 MARTINVALE PARC sales from May 2004 and July 2023 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 May 2004 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the July 2023 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

What might 9 MARTINVALE PARC be worth now?

9 MARTINVALE PARC might now be worth an estimated £270,070.

This is based on house price deflation of 1.8%, between July 2023 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 1.8% deflationary decrease is applied to the most recent sale price for 9 MARTINVALE PARC of £275,000 on 7th July 2023. For the value to have decreased from £275,000 to £270,070 over the two years and five months to February 2025, the following assumptions must hold true:

• The value of 9 MARTINVALE PARC has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The July 2023 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 9 MARTINVALE PARC has not materially changed since July 2023.

How Large is 9 MARTINVALE PARC?

9 MARTINVALE PARC is 64m² according to the EPC inspection conducted in February 2021. This puts it in the smallest 20% of detached houses houses in Redruth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Redruth, and where 9 MARTINVALE PARC lies on this distribution: 13% of detached houses houses are smaller than 9 MARTINVALE PARC, and 86% of houses are larger. Note that EPC data is not available for all properties in Redruth.

9 MARTINVALE PARC: Plot and Title Map

9 MARTINVALE PARC sits on a plot of roughly 0.088 of an acre, or 355m². The below map shows the location of 9 MARTINVALE PARC, 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 9 MARTINVALE PARC). 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 9 MARTINVALE PARC?

9 MARTINVALE PARC is located in MOUNT AMBROSE, in the TR15 postcode district. The below map shows the position of No. 9 on MARTINVALE PARC.