BOLITHO, SOUTH DRIVE, REDRUTH, TR15 2NN - £365,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

BOLITHO is a small extended detached house of 77m², built sometime between 1976 and 1982, which could now be worth an estimated £361,118. It was last sold for £365,000 in August 2022, which was around 19% below the average August 2022 detached price in the Cornwall local authority area. The most recent EPC inspection was August 2021, where the current energy rating was E, and the potential energy rating was B.

BOLITHO Sold Prices

Land registry data shows two sales for BOLITHO 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 BOLITHO 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 5 AUG	£365,000	£448,776	19% below HPI
2015 8 JUL	£175,000	£301,783	42% below HPI

BOLITHO 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 BOLITHO sales from July 2015 and August 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 July 2015 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the August 2022 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might BOLITHO be worth now?

BOLITHO might now be worth an estimated £361,118.

This is based on house price deflation of 1.1%, between August 2022 and December 2024, 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 1.1% deflationary decrease is applied to the most recent sale price for BOLITHO of £365,000 on 5th August 2022. For the value to have decreased from £365,000 to £361,118 over the one year and eight months to December 2024, the following assumptions must hold true:

• The value of BOLITHO has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The August 2022 sale price of £365,000 represented a fair market value for the property.
• The size, condition, and specification of BOLITHO has not materially changed since August 2022.

How Large is BOLITHO?

BOLITHO is 77m², which includes one extension, according to the EPC inspection conducted in August 2021. This puts it in the smallest 40% 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 BOLITHO lies on this distribution: 34% of detached houses houses are smaller than BOLITHO, and 65% of houses are larger. Note that EPC data is not available for all properties in Redruth.

BOLITHO: Plot and Title Map

BOLITHO sits on a plot of roughly 12.4 acres, or 50,296m². The below map shows the location of BOLITHO, 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 BOLITHO). 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 BOLITHO?

BOLITHO is located on SOUTH DRIVE in REDRUTH, in the TR15 postcode district. The below map shows the position of BOLITHO on SOUTH DRIVE.