LEAT COTTAGE, THE TERRACE, CHACEWATER, TRURO, TR4 8LT - £250,000

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

LEAT COTTAGE is a small extended detached house of 110m², built sometime between 2003 and 2006. It was last sold for £250,000 in October 2019, which was around 27% below the average October 2019 detached price in the Cornwall local authority area. The most recent EPC inspection was September 2023, where the current energy rating was C, and the potential energy rating was B.

LEAT COTTAGE Sold Prices

Land registry data shows two sales for LEAT COTTAGE 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 LEAT COTTAGE 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
2019 10 OCT	£250,000	£342,324	27% below HPI
2006 12 MAY	£215,000	£267,838	20% below HPI

LEAT COTTAGE 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 LEAT COTTAGE sales from May 2006 and October 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 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the October 2019 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is LEAT COTTAGE?

LEAT COTTAGE is 110m², which includes one extension, according to the EPC inspection conducted in September 2023. This puts it in the smallest 40% of detached houses in Chacewater, based on EPC data. The below chart shows the distribution of detached houses by size in Chacewater, and where LEAT COTTAGE lies on this distribution: 36% of detached houses are smaller than LEAT COTTAGE, and 64% of houses are larger. Note that EPC data is not available for all properties in Chacewater.

LEAT COTTAGE: Plot and Title Map

LEAT COTTAGE sits on a plot of roughly 0.392 of an acre, or 1,585m². The below map shows the location of LEAT COTTAGE, 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 LEAT COTTAGE). 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 LEAT COTTAGE?

LEAT COTTAGE is located on THE TERRACE in CHACEWATER, in the TR4 postcode district. The below map shows the position of LEAT COTTAGE on THE TERRACE.