MORWETHA, LIGHTHOUSE HILL, PORTREATH, REDRUTH, TR16 4LH - £371,000

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

MORWETHA is a very small detached house of 72m², built sometime between 1991 and 1995, which could now be worth an estimated £572,431. It was last sold for £371,000 in August 2014, which was around 29% above the average August 2014 detached price in the Cornwall local authority area. The most recent EPC inspection was May 2009, where the current energy rating was D, and the potential energy rating was D.

MORWETHA Sold Prices

Land registry data shows two sales for MORWETHA 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 MORWETHA 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
2014 7 AUG	£371,000	£287,764	29% above HPI
1997 5 DEC	£95,000	£87,333	9% above HPI

MORWETHA 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 MORWETHA sales from December 1997 and August 2014 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 December 1997 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the August 2014 sale, where it rises to 29% above the HPI. The line then continues to track at 29% above the HPI.

What might MORWETHA be worth now?

MORWETHA might now be worth an estimated £572,431.

This is based on house price inflation of 54.3%, between August 2014 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 54.3% inflationary increase is applied to the most recent sale price for MORWETHA of £371,000 on 7th August 2014. For the value to have increased from £371,000 to £572,431 over the nine years and eight months to December 2024, the following assumptions must hold true:

• The value of MORWETHA has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The August 2014 sale price of £371,000 represented a fair market value for the property.
• The size, condition, and specification of MORWETHA has not materially changed since August 2014.

How Large is MORWETHA?

MORWETHA is 72m² according to the EPC inspection conducted in May 2009. This puts it in the smallest 20% of detached houses houses in Portreath, based on EPC data. The below chart shows the distribution of detached houses houses by size in Portreath, and where MORWETHA lies on this distribution: 14% of detached houses houses are smaller than MORWETHA, and 86% of houses are larger. Note that EPC data is not available for all properties in Portreath.

MORWETHA: Plot and Title Map

MORWETHA sits on a plot of roughly 0.456 of an acre, or 1,845m². The below map shows the location of MORWETHA, 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 MORWETHA). 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 MORWETHA?

MORWETHA is located on LIGHTHOUSE HILL in PORTREATH, in the TR16 postcode district. The below map shows the position of MORWETHA on LIGHTHOUSE HILL.