HOLMLEA, GLENFEADON TERRACE, PORTREATH, REDRUTH, TR16 4JT - £500,000

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

HOLMLEA is a very small extended detached house of 71m², built sometime between 1930 and 1949. It was last sold for £500,000 in August 2020, which was around 43% above the average August 2020 detached price in the Cornwall local authority area. The most recent EPC inspection was July 2017, where the current energy rating was G, and the potential energy rating was B.

HOLMLEA Sold Prices

Land registry data shows two sales for HOLMLEA 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. One of the two HOLMLEA sales was for above the average price, whilst the other was 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 26 AUG	£500,000	£348,820	43% above HPI
2017 24 OCT	£120,000	£324,548	63% below HPI

HOLMLEA 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 HOLMLEA sales from October 2017 and August 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 2017 sale was for 63% below the HPI. So the extrapolation line tracks at 63% below the HPI over time, until the August 2020 sale, where it rises to 43% above the HPI. The line then continues to track at 43% above the HPI.

How Large is HOLMLEA?

HOLMLEA is 71m², which includes one extension, according to the EPC inspection conducted in July 2017. This puts it in the smallest 20% of detached houses in Portreath, based on EPC data. The below chart shows the distribution of detached houses by size in Portreath, and where HOLMLEA lies on this distribution: 12% of detached houses are smaller than HOLMLEA, and 87% of houses are larger. Note that EPC data is not available for all properties in Portreath.

HOLMLEA: Plot and Title Map

HOLMLEA sits on a plot of roughly 0.097 of an acre, or 392m². The below map shows the location of HOLMLEA, 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 HOLMLEA). 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 HOLMLEA?

HOLMLEA is located on GLENFEADON TERRACE in PORTREATH, in the TR16 postcode district. The below map shows the position of HOLMLEA on GLENFEADON TERRACE.