LOWERLEA, OLD FALMOUTH ROAD, TRURO, TR1 2HN - £390,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

LOWERLEA is a midsized extended detached house of 112m², built sometime between 1967 and 1975. It was last sold for £390,000 in September 2017, which was around 21% above the average September 2017 detached price in the Cornwall local authority area. The most recent EPC inspection was August 2012, where the current energy rating was E, and the potential energy rating was C.

LOWERLEA Sold Prices

Land registry data shows two sales for LOWERLEA 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 LOWERLEA 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
2017 11 SEP	£390,000	£321,865	21% above HPI
2013 24 JUL	£272,500	£274,255	1% below HPI

LOWERLEA 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 LOWERLEA sales from July 2013 and September 2017 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 July 2013 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the September 2017 sale, where it rises to 21% above the HPI. The line then continues to track at 21% above the HPI.

How Large is LOWERLEA?

LOWERLEA is 112m², which includes one extension, according to the EPC inspection conducted in August 2012. This puts it in the smallest 50% of detached houses in Truro, based on EPC data. The below chart shows the distribution of detached houses by size in Truro, and where LOWERLEA lies on this distribution: 45% of detached houses are smaller than LOWERLEA, and 54% of houses are larger. Note that EPC data is not available for all properties in Truro.

LOWERLEA: Plot and Title Map

LOWERLEA sits on a plot of roughly 0.184 of an acre, or 744m². The below map shows the location of LOWERLEA, 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 LOWERLEA). 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 LOWERLEA?

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