INNISFREE, 23B, FALMOUTH ROAD, TRURO, TR1 2BL - £500,000

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

INNISFREE is a very large extended detached house of 160m², built sometime between 1991 and 1995, which could now be worth an estimated £838,748. It was last sold for £500,000 in December 2005, which was around 89% above the average December 2005 detached price in the Cornwall local authority area. The most recent EPC inspection was August 2024, where the current energy rating was C, and the potential energy rating was B.

INNISFREE Sold Prices

Land registry data shows two sales for INNISFREE 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 INNISFREE sales were for above 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
2005 13 DEC	£500,000	£264,682	89% above HPI
1996 9 APR	£155,000	£71,136	118% above HPI

INNISFREE 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 INNISFREE sales from April 1996 and December 2005 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 April 1996 sale was for 118% above the HPI. So the extrapolation line tracks at 118% above the HPI over time, until the December 2005 sale, where it falls to 89% above the HPI. The line then continues to track at 89% above the HPI.

What might INNISFREE be worth now?

INNISFREE might now be worth an estimated £838,748.

This is based on house price inflation of 67.7%, between December 2005 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 67.7% inflationary increase is applied to the most recent sale price for INNISFREE of £500,000 on 13th December 2005. For the value to have increased from £500,000 to £838,748 over the nineteen years to December 2024, the following assumptions must hold true:

• The value of INNISFREE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The December 2005 sale price of £500,000 represented a fair market value for the property.
• The size, condition, and specification of INNISFREE has not materially changed since December 2005.

How Large is INNISFREE?

INNISFREE is 160m², which includes one extension, according to the EPC inspection conducted in August 2024. This puts it in the largest 20% of detached houses houses in Truro, based on EPC data. The below chart shows the distribution of detached houses houses by size in Truro, and where INNISFREE lies on this distribution: 81% of detached houses houses are smaller than INNISFREE, and 19% of houses are larger. Note that EPC data is not available for all properties in Truro.

INNISFREE: Plot and Title Map

INNISFREE sits on a plot of roughly 0.217 of an acre, or 880m². The below map shows the location of INNISFREE, 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 INNISFREE). 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 INNISFREE?

INNISFREE is located on FALMOUTH ROAD in TRURO, in the TR1 postcode district. The below map shows the position of INNISFREE on FALMOUTH ROAD.