MIA CASA, NORTH POOL ROAD, REDRUTH, TR15 3JQ - £320,000

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

MIA CASA is a very small detached house of 61m², built sometime between 1967 and 1975. It was last sold for £320,000 in February 2023, which was around 28% below the average February 2023 detached price in the Cornwall local authority area. The most recent EPC inspection was October 2022, where the current energy rating was C, and the potential energy rating was B.

MIA CASA Sold Prices

Land registry data shows two sales for MIA CASA 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 MIA CASA 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
2023 24 FEB	£320,000	£444,241	28% below HPI
2022 31 JAN	£273,000	£417,690	35% below HPI

MIA CASA 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 MIA CASA sales from January 2022 and February 2023 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 2022 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the February 2023 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is MIA CASA?

MIA CASA is 61m² according to the EPC inspection conducted in October 2022. This puts it in the smallest 10% of detached houses in Illogan, based on EPC data. The below chart shows the distribution of detached houses by size in Illogan, and where MIA CASA lies on this distribution: 5% of detached houses are smaller than MIA CASA, and 94% of houses are larger. Note that EPC data is not available for all properties in Illogan.

MIA CASA: Plot and Title Map

MIA CASA sits on a plot of roughly 0.159 of an acre, or 643m². The below map shows the location of MIA CASA, 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 MIA CASA). 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 MIA CASA?

MIA CASA is located on NORTH POOL ROAD in REDRUTH, in the TR15 postcode district. The below map shows the position of MIA CASA on NORTH POOL ROAD.