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

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

HEATHER BANK is a midsized detached house of 98m², built sometime between 1950 and 1966. It was last sold for £342,000 in March 2020, which was about 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. The five HEATHER BANK sales were a mix of roughly equal to the average price, and 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	£342,697	Close to HPI
2015 23 OCT	£300,000	£305,354	2% below HPI
2013 15 OCT	£220,000	£277,618	21% below HPI
2007 23 FEB	£235,000	£282,547	17% below HPI
2005 3 MAR	£182,500	£253,176	28% 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 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the March 2020 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

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 in Porthtowan, based on EPC data. The below chart shows the distribution of detached houses by size in Porthtowan, and where HEATHER BANK lies on this distribution: 44% of detached 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.