PATINA, OLD HILL, GRAMPOUND, TRURO, TR2 4RY - £120,000

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.

PATINA is a very small detached house of 92m², built sometime between 1967 and 1975, which could now be worth an estimated £377,243. It was last sold for £120,000 in September 2001, which was around 14% below the average September 2001 detached price in the Cornwall local authority area. The most recent EPC inspection was April 2023, where the current energy rating was D, and the potential energy rating was B.

PATINA Sold Prices

Land registry data shows two sales for PATINA 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. One of the two PATINA sales was for below the average price, whilst the other was 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
2001 21 SEP	£120,000	£139,082	14% below HPI
1996 26 JAN	£73,000	£72,400	1% above HPI

PATINA 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 PATINA sales from January 1996 and September 2001 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 1996 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the September 2001 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might PATINA be worth now?

PATINA might now be worth an estimated £377,243.

This is based on house price inflation of 214.4%, between September 2001 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 214.4% inflationary increase is applied to the most recent sale price for PATINA of £120,000 on 21st September 2001. For the value to have increased from £120,000 to £377,243 over the 24 years and seven months to February 2025, the following assumptions must hold true:

• The value of PATINA has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The September 2001 sale price of £120,000 represented a fair market value for the property.
• The size, condition, and specification of PATINA has not materially changed since September 2001.

How Large is PATINA?

PATINA is 92m² according to the EPC inspection conducted in April 2023. This puts it in the smallest 20% of detached houses houses in Grampound, based on EPC data. The below chart shows the distribution of detached houses houses by size in Grampound, and where PATINA lies on this distribution: 18% of detached houses houses are smaller than PATINA, and 78% of houses are larger. Note that EPC data is not available for all properties in Grampound.

PATINA: Plot and Title Map

PATINA sits on a plot of roughly 0.218 of an acre, or 884m². The below map shows the location of PATINA, 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 PATINA). 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 PATINA?

PATINA is located on OLD HILL in GRAMPOUND, in the TR2 postcode district. The below map shows the position of PATINA on OLD HILL.