MARRALOMEDA, CHURCH STREET, CARHARRACK, REDRUTH, TR16 5RW - £160,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

MARRALOMEDA is a large detached house of 85m², built sometime between 1967 and 1975, which could now be worth an estimated £239,322. It was last sold for £160,000 in February 2015, which was around 45% below the average February 2015 detached price in the Cornwall local authority area. The most recent EPC inspection was October 2013, where the current energy rating was E, and the potential energy rating was D.

MARRALOMEDA Sold Prices

Land registry data shows two sales for MARRALOMEDA 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 MARRALOMEDA 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
2015 5 FEB	£160,000	£292,313	45% below HPI
2009 17 FEB	£130,000	£255,404	49% below HPI

MARRALOMEDA 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 MARRALOMEDA sales from February 2009 and February 2015 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 February 2009 sale was for 49% below the HPI. So the extrapolation line tracks at 49% below the HPI over time, until the February 2015 sale, where it rises to 45% below the HPI. The line then continues to track at 45% below the HPI.

What might MARRALOMEDA be worth now?

MARRALOMEDA might now be worth an estimated £239,322.

This is based on house price inflation of 49.6%, between February 2015 and February 2025, 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 49.6% inflationary increase is applied to the most recent sale price for MARRALOMEDA of £160,000 on 5th February 2015. For the value to have increased from £160,000 to £239,322 over the ten years to February 2025, the following assumptions must hold true:

• The value of MARRALOMEDA has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The February 2015 sale price of £160,000 represented a fair market value for the property.
• The size, condition, and specification of MARRALOMEDA has not materially changed since February 2015.

How Large is MARRALOMEDA?

MARRALOMEDA is 85m² according to the EPC inspection conducted in October 2013. This puts it in the largest 40% of detached houses houses in Carharrack, based on EPC data. The below chart shows the distribution of detached houses houses by size in Carharrack, and where MARRALOMEDA lies on this distribution: 62% of detached houses houses are smaller than MARRALOMEDA, and 37% of houses are larger. Note that EPC data is not available for all properties in Carharrack.

MARRALOMEDA: Plot and Title Map

MARRALOMEDA sits on a plot of roughly 0.235 of an acre, or 950m². The below map shows the location of MARRALOMEDA, 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 MARRALOMEDA). 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 MARRALOMEDA?

MARRALOMEDA is located on CHURCH STREET in CARHARRACK, in the TR16 postcode district. The below map shows the position of MARRALOMEDA on CHURCH STREET.