LEABANK, PORTREATH, REDRUTH, TR16 4PF - £368,000

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

LEABANK is a very large extended detached house of 198m², built sometime between 1983 and 1990, which could now be worth an estimated £467,422. It was last sold for £368,000 in November 2019, which was around 5% above the average November 2019 detached price in the Cornwall local authority area. The most recent EPC inspection was March 2022, where the current energy rating was C, and the potential energy rating was A.

LEABANK Sold Prices

Land registry data shows three sales for LEABANK since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. One of the three LEABANK sales was for above the average price, whilst two 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
2019 15 NOV	£368,000	£349,562	5% above HPI
2006 9 MAY	£270,000	£272,057	1% below HPI
2001 23 NOV	£130,000	£143,710	10% below HPI

LEABANK 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 three LEABANK sales between November 2001 and November 2019 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 May 2006 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the November 2019 sale, where it rises to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might LEABANK be worth now?

LEABANK might now be worth an estimated £467,422.

This is based on house price inflation of 27%, between November 2019 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% inflationary increase is applied to the most recent sale price for LEABANK of £368,000 on 15th November 2019. For the value to have increased from £368,000 to £467,422 over the four years and eleven months to December 2024, the following assumptions must hold true:

• The value of LEABANK has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The November 2019 sale price of £368,000 represented a fair market value for the property.
• The size, condition, and specification of LEABANK has not materially changed since November 2019.

How Large is LEABANK?

LEABANK is 198m², which includes one extension, according to the EPC inspection conducted in March 2022. This puts it in the largest 20% of detached houses houses in Portreath, based on EPC data. The below chart shows the distribution of detached houses houses by size in Portreath, and where LEABANK lies on this distribution: 84% of detached houses houses are smaller than LEABANK, and 16% of houses are larger. Note that EPC data is not available for all properties in Portreath.

LEABANK: Plot and Title Map

LEABANK sits on a plot of roughly 0.132 of an acre, or 533m². The below map shows the location of LEABANK, 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 LEABANK). 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 LEABANK?

LEABANK is located in PORTREATH, in the TR16 postcode district. The below map shows the position of LEABANK in PORTREATH.