FIR TREES, CHAPEL HILL, PORTHTOWAN, TRURO, TR4 8AS - £180,000

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

FIR TREES is a small extended detached house of 89m², built sometime between 1950 and 1966, which could now be worth an estimated £255,645. It was last sold for £180,000 in September 2015, which was around 42% below the average September 2015 detached price in the Cornwall local authority area. The most recent EPC inspection was September 2011, where the current energy rating was E, and the potential energy rating was E.

FIR TREES Sold Prices

Land registry data shows two sales for FIR TREES 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 FIR TREES 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 23 SEP	£180,000	£307,855	42% below HPI
2012 23 MAR	£177,500	£276,609	36% below HPI

FIR TREES 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 FIR TREES sales from March 2012 and September 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 March 2012 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the September 2015 sale, where it falls to 42% below the HPI. The line then continues to track at 42% below the HPI.

What might FIR TREES be worth now?

FIR TREES might now be worth an estimated £255,645.

This is based on house price inflation of 42%, between September 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 42% inflationary increase is applied to the most recent sale price for FIR TREES of £180,000 on 23rd September 2015. For the value to have increased from £180,000 to £255,645 over the ten years and seven months to February 2025, the following assumptions must hold true:

• The value of FIR TREES has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The September 2015 sale price of £180,000 represented a fair market value for the property.
• The size, condition, and specification of FIR TREES has not materially changed since September 2015.

How Large is FIR TREES?

FIR TREES is 89m², which includes one extension, according to the EPC inspection conducted in September 2011. This puts it in the smallest 40% of detached houses houses in Porthtowan, based on EPC data. The below chart shows the distribution of detached houses houses by size in Porthtowan, and where FIR TREES lies on this distribution: 34% of detached houses houses are smaller than FIR TREES, and 66% of houses are larger. Note that EPC data is not available for all properties in Porthtowan.

FIR TREES: Plot and Title Map

FIR TREES sits on a plot of roughly 0.170 of an acre, or 689m². The below map shows the location of FIR TREES, 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 FIR TREES). 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 FIR TREES?

FIR TREES is located on CHAPEL HILL in PORTHTOWAN, in the TR4 postcode district. The below map shows the position of FIR TREES on CHAPEL HILL.