CORNERSTONE, STATION ROAD, GRAMPOUND ROAD, TRURO, TR2 4ED - £272,500

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.

CORNERSTONE is a midsized detached house of 121m², which could now be worth an estimated £395,186. It was last sold for £272,500 in June 2015, which was around 10% below the average June 2015 detached price in the Cornwall local authority area. The most recent EPC inspection was October 2010, where the current energy rating was C, and the potential energy rating was C.

CORNERSTONE Sold Prices

Land registry data shows two sales for CORNERSTONE 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 CORNERSTONE 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
2015 30 JUN	£272,500	£301,492	10% below HPI
2014 30 MAY	£242,000	£283,653	15% below HPI

CORNERSTONE 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 CORNERSTONE sales from May 2014 and June 2015 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 2014 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the June 2015 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might CORNERSTONE be worth now?

CORNERSTONE might now be worth an estimated £395,186.

This is based on house price inflation of 45%, between June 2015 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 45% inflationary increase is applied to the most recent sale price for CORNERSTONE of £272,500 on 30th June 2015. For the value to have increased from £272,500 to £395,186 over the ten years and four months to February 2025, the following assumptions must hold true:

• The value of CORNERSTONE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The June 2015 sale price of £272,500 represented a fair market value for the property.
• The size, condition, and specification of CORNERSTONE has not materially changed since June 2015.

How Large is CORNERSTONE?

CORNERSTONE is 121m² according to the EPC inspection conducted in October 2010. This puts it in the largest 50% of detached houses houses in Grampound Road, based on EPC data. The below chart shows the distribution of detached houses houses by size in Grampound Road, and where CORNERSTONE lies on this distribution: 55% of detached houses houses are smaller than CORNERSTONE, and 45% of houses are larger. Note that EPC data is not available for all properties in Grampound Road.

CORNERSTONE: Plot and Title Map

CORNERSTONE sits on a plot of roughly 0.089 of an acre, or 359m². The below map shows the location of CORNERSTONE, 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 CORNERSTONE). 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 CORNERSTONE?

CORNERSTONE is located on STATION ROAD in GRAMPOUND ROAD, in the TR2 postcode district. The below map shows the position of CORNERSTONE on STATION ROAD.