CHEREASE, TREWINT ROAD, MENHENIOT, LISKEARD, PL14 3RJ - £247,000

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

CHEREASE is a very large detached house of 127m², built sometime between 1996 and 2002, which could now be worth an estimated £390,447. It was last sold for £247,000 in January 2014, which was around 12% below the average January 2014 detached price in the Cornwall local authority area. The most recent EPC inspection was August 2013, where the current energy rating was D, and the potential energy rating was B.

CHEREASE Sold Prices

Land registry data shows three sales for CHEREASE 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. Two of the three CHEREASE sales were for below the average price, whilst one was 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
2014 31 JAN	£247,000	£280,880	12% below HPI
1997 31 OCT	£95,000	£86,426	10% above HPI
1997 24 JUN	£19,000	£80,742	76% below HPI

CHEREASE 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 CHEREASE sales between June 1997 and January 2014 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 October 1997 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the January 2014 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might CHEREASE be worth now?

CHEREASE might now be worth an estimated £390,447.

This is based on house price inflation of 58.1%, between January 2014 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 58.1% inflationary increase is applied to the most recent sale price for CHEREASE of £247,000 on 31st January 2014. For the value to have increased from £247,000 to £390,447 over the nine years and one month to December 2024, the following assumptions must hold true:

• The value of CHEREASE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The January 2014 sale price of £247,000 represented a fair market value for the property.
• The size, condition, and specification of CHEREASE has not materially changed since January 2014.

How Large is CHEREASE?

CHEREASE is 127m² according to the EPC inspection conducted in August 2013. This puts it in the largest 20% of detached houses houses in Menheniot, based on EPC data. The below chart shows the distribution of detached houses houses by size in Menheniot, and where CHEREASE lies on this distribution: 80% of detached houses houses are smaller than CHEREASE, and 20% of houses are larger. Note that EPC data is not available for all properties in Menheniot.

CHEREASE: Plot and Title Map

CHEREASE sits on a plot of roughly 0.127 of an acre, or 512m². The below map shows the location of CHEREASE, 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 CHEREASE). 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 CHEREASE?

CHEREASE is located on TREWINT ROAD in MENHENIOT, in the PL14 postcode district. The below map shows the position of CHEREASE on TREWINT ROAD.