MORELANDS, CRELLOW LANE, STITHIANS, TRURO, TR3 7BA - £450,000

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

MORELANDS is a very large extended detached house of 162m², built sometime between 1976 and 1982. It was last sold for £450,000 in October 2015, which was around 47% above the average October 2015 detached price in the Cornwall local authority area. The most recent EPC inspection was August 2015, where the current energy rating was D, and the potential energy rating was C.

MORELANDS Sold Prices

Land registry data shows three sales for MORELANDS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. All of the three MORELANDS sales were for above 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 12 OCT	£450,000	£305,354	47% above HPI
2007 4 JUL	£370,000	£290,664	27% above HPI
1998 30 SEP	£125,000	£90,854	38% above HPI

MORELANDS 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 three MORELANDS sales between September 1998 and October 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 July 2007 sale was for 27% above the HPI. So the extrapolation line tracks at 27% above the HPI over time, until the October 2015 sale, where it rises to 47% above the HPI. The line then continues to track at 47% above the HPI.

How Large is MORELANDS?

MORELANDS is 162m², which includes two extensions, according to the EPC inspection conducted in August 2015. This puts it in the largest 10% of detached houses in Stithians, based on EPC data. The below chart shows the distribution of detached houses by size in Stithians, and where MORELANDS lies on this distribution: 91% of detached houses are smaller than MORELANDS, and 9% of houses are larger. Note that EPC data is not available for all properties in Stithians.

MORELANDS: Plot and Title Map

MORELANDS sits on a plot of roughly 78.2 acres, or 316,406m². The below map shows the location of MORELANDS, 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 MORELANDS). 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 MORELANDS?

MORELANDS is located on CRELLOW LANE in STITHIANS, in the TR3 postcode district. The below map shows the position of MORELANDS on CRELLOW LANE.