NEUVE MOND, SOUTH DOWNS, REDRUTH, TR15 2NW - £235,000

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

NEUVE MOND is a midsized detached house of 82m², built sometime between 1950 and 1966. It was last sold for £235,000 in September 2022, which was around 49% below the average September 2022 detached price in the Cornwall local authority area. The most recent EPC inspection was January 2014, where the current energy rating was D, and the potential energy rating was B.

NEUVE MOND Sold Prices

Land registry data shows three sales for NEUVE MOND 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 NEUVE MOND 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
2022 9 SEP	£235,000	£457,564	49% below HPI
2014 25 JUL	£150,000	£285,570	47% below HPI
1995 10 JUL	£25,000	£71,277	65% below HPI

NEUVE MOND 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 NEUVE MOND sales between July 1995 and September 2022 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 2014 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the September 2022 sale, where it falls to 49% below the HPI. The line then continues to track at 49% below the HPI.

What might NEUVE MOND be worth now?

NEUVE MOND might now be worth an estimated £228,035.

This is based on house price deflation of 3%, between September 2022 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 3% deflationary decrease is applied to the most recent sale price for NEUVE MOND of £235,000 on 9th September 2022. For the value to have decreased from £235,000 to £228,035 over the one year and nine months to December 2024, the following assumptions must hold true:

• The value of NEUVE MOND has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The September 2022 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of NEUVE MOND has not materially changed since September 2022.

How Large is NEUVE MOND?

NEUVE MOND is 82m² according to the EPC inspection conducted in January 2014. This puts it in the smallest 50% of detached houses houses in Redruth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Redruth, and where NEUVE MOND lies on this distribution: 42% of detached houses houses are smaller than NEUVE MOND, and 57% of houses are larger. Note that EPC data is not available for all properties in Redruth.

NEUVE MOND: Plot and Title Map

NEUVE MOND sits on a plot of roughly 0.121 of an acre, or 490m². The below map shows the location of NEUVE MOND, 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 NEUVE MOND). 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 NEUVE MOND?

NEUVE MOND is located on SOUTH DOWNS in REDRUTH, in the TR15 postcode district. The below map shows the position of NEUVE MOND on SOUTH DOWNS.