HEATHER BANK, BEACH ROAD, PORTHTOWAN, TRURO, TR4 8AA - £342,000

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

HEATHER BANK is a midsized detached house of 98m², built sometime between 1950 and 1966, which could now be worth an estimated £436,227. It was last sold for £342,000 in March 2020, which was around 2% below the average March 2020 detached price in the Cornwall local authority area. The most recent EPC inspection was October 2021, where the current energy rating was G, and the potential energy rating was D.

HEATHER BANK Sold Prices

Land registry data shows five sales for HEATHER BANK since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. All of the five HEATHER BANK 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
2020 19 MAR	£342,000	£348,096	2% below HPI
2015 23 OCT	£300,000	£310,165	3% below HPI
2013 15 OCT	£220,000	£281,992	22% below HPI
2007 23 FEB	£235,000	£286,998	18% below HPI
2005 3 MAR	£182,500	£257,165	29% below HPI

HEATHER BANK 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 five HEATHER BANK sales between March 2005 and March 2020 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 2015 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the March 2020 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might HEATHER BANK be worth now?

HEATHER BANK might now be worth an estimated £436,227.

This is based on house price inflation of 27.6%, between March 2020 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 27.6% inflationary increase is applied to the most recent sale price for HEATHER BANK of £342,000 on 19th March 2020. For the value to have increased from £342,000 to £436,227 over the three years and three months to December 2024, the following assumptions must hold true:

• The value of HEATHER BANK has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The March 2020 sale price of £342,000 represented a fair market value for the property.
• The size, condition, and specification of HEATHER BANK has not materially changed since March 2020.

How Large is HEATHER BANK?

HEATHER BANK is 98m² according to the EPC inspection conducted in October 2021. This puts it in the smallest 50% 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 HEATHER BANK lies on this distribution: 44% of detached houses houses are smaller than HEATHER BANK, and 55% of houses are larger. Note that EPC data is not available for all properties in Porthtowan.

HEATHER BANK: Plot and Title Map

HEATHER BANK sits on a plot of roughly 0.115 of an acre, or 467m². The below map shows the location of HEATHER BANK, 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 HEATHER BANK). 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 HEATHER BANK?

HEATHER BANK is located on BEACH ROAD in PORTHTOWAN, in the TR4 postcode district. The below map shows the position of HEATHER BANK on BEACH ROAD.