ROADHOUSE, LANNARTH GLAS, REDRUTH, TR16 6DN - £255,000

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

ROADHOUSE is a small extended detached house of 80m², built sometime between 2003 and 2006. It was last sold for £255,000 in April 2021, which was around 32% below the average April 2021 detached price in the Cornwall local authority area. The most recent EPC inspection was September 2016, where the current energy rating was C, and the potential energy rating was B.

ROADHOUSE Sold Prices

Land registry data shows two sales for ROADHOUSE 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 ROADHOUSE 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
2021 19 APR	£255,000	£376,698	32% below HPI
2017 13 JUN	£225,000	£311,096	28% below HPI

ROADHOUSE 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 ROADHOUSE sales from June 2017 and April 2021 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 June 2017 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the April 2021 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is ROADHOUSE?

ROADHOUSE is 80m², which includes one extension, according to the EPC inspection conducted in September 2016. This puts it in the smallest 40% of detached houses in Lanner, based on EPC data. The below chart shows the distribution of detached houses by size in Lanner, and where ROADHOUSE lies on this distribution: 32% of detached houses are smaller than ROADHOUSE, and 67% of houses are larger. Note that EPC data is not available for all properties in Lanner.

ROADHOUSE: Plot and Title Map

ROADHOUSE sits on a plot of roughly 0.076 of an acre, or 307m². The below map shows the location of ROADHOUSE, 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 ROADHOUSE). 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 ROADHOUSE?

ROADHOUSE is located on LANNARTH GLAS in REDRUTH, in the TR16 postcode district. The below map shows the position of ROADHOUSE on LANNARTH GLAS.