DROSKYN, WHEAL FORTUNE LANE, ILLOGAN HIGHWAY, REDRUTH, TR15 3ND - £192,000

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.

DROSKYN is a very small detached house of 76m², built sometime between 1967 and 1975, which could now be worth an estimated £253,359. It was last sold for £192,000 in May 2019, which was around 43% below the average May 2019 detached price in the Cornwall local authority area. The most recent EPC inspection was February 2019, where the current energy rating was D, and the potential energy rating was B.

DROSKYN Sold Prices

Land registry data shows two sales for DROSKYN 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 DROSKYN 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
2019 3 MAY	£192,000	£334,315	43% below HPI
2006 22 SEP	£190,000	£280,018	32% below HPI

DROSKYN 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 DROSKYN sales from September 2006 and May 2019 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 September 2006 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the May 2019 sale, where it falls to 43% below the HPI. The line then continues to track at 43% below the HPI.

What might DROSKYN be worth now?

DROSKYN might now be worth an estimated £253,359.

This is based on house price inflation of 32%, between May 2019 and March 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 32% inflationary increase is applied to the most recent sale price for DROSKYN of £192,000 on 3rd May 2019. For the value to have increased from £192,000 to £253,359 over the six years and two months to March 2025, the following assumptions must hold true:

• The value of DROSKYN has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The May 2019 sale price of £192,000 represented a fair market value for the property.
• The size, condition, and specification of DROSKYN has not materially changed since May 2019.

How Large is DROSKYN?

DROSKYN is 76m² according to the EPC inspection conducted in February 2019. This puts it in the smallest 20% of detached houses houses in Illogan Highway, based on EPC data. The below chart shows the distribution of detached houses houses by size in Illogan Highway, and where DROSKYN lies on this distribution: 19% of detached houses houses are smaller than DROSKYN, and 79% of houses are larger. Note that EPC data is not available for all properties in Illogan Highway.

DROSKYN: Plot and Title Map

DROSKYN sits on a plot of roughly 0.098 of an acre, or 396m². The below map shows the location of DROSKYN, 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 DROSKYN). 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 DROSKYN?

DROSKYN is located on WHEAL FORTUNE LANE in ILLOGAN HIGHWAY, in the TR15 postcode district. The below map shows the position of DROSKYN on WHEAL FORTUNE LANE.