LEES, HIGHER BROAD LANE, REDRUTH, TR15 3JL - £380,000

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

LEES is a very large extended detached house of 146m², built sometime between 1950 and 1966, which could now be worth an estimated £442,226. It was last sold for £380,000 in May 2021, which was about the average May 2021 detached price in the Cornwall local authority area. The most recent EPC inspection was June 2012, where the current energy rating was D, and the potential energy rating was C.

LEES Sold Prices

Land registry data shows six sales for LEES since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. The six LEES 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
2021 14 MAY	£380,000	£381,527	Close to HPI
2017 13 JAN	£274,000	£312,533	12% below HPI
2009 10 SEP	£235,000	£265,944	12% below HPI
2005 31 OCT	£165,000	£266,802	38% below HPI
2004 15 APR	£182,500	£237,096	23% below HPI
2002 21 OCT	£128,000	£183,410	30% below HPI

LEES 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 six LEES sales between October 2002 and May 2021 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 January 2017 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the May 2021 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might LEES be worth now?

LEES might now be worth an estimated £442,226.

This is based on house price inflation of 16.4%, between May 2021 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 16.4% inflationary increase is applied to the most recent sale price for LEES of £380,000 on 14th May 2021. For the value to have increased from £380,000 to £442,226 over the two years and five months to December 2024, the following assumptions must hold true:

• The value of LEES has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The May 2021 sale price of £380,000 represented a fair market value for the property.
• The size, condition, and specification of LEES has not materially changed since May 2021.

How Large is LEES?

LEES is 146m², which includes two extensions, according to the EPC inspection conducted in June 2012. This puts it in the largest 20% of detached houses houses in Illogan, based on EPC data. The below chart shows the distribution of detached houses houses by size in Illogan, and where LEES lies on this distribution: 86% of detached houses houses are smaller than LEES, and 14% of houses are larger. Note that EPC data is not available for all properties in Illogan.

LEES: Plot and Title Map

LEES sits on a plot of roughly 0.107 of an acre, or 431m². The below map shows the location of LEES, 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 LEES). 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 LEES?

LEES is located on HIGHER BROAD LANE in REDRUTH, in the TR15 postcode district. The below map shows the position of LEES on HIGHER BROAD LANE.