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

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.

ROADHOUSE is a small extended detached house of 80m², built sometime between 2003 and 2006, which could now be worth an estimated £291,386. It was last sold for £255,000 in April 2021, which was around 33% 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	£382,633	33% below HPI
2017 13 JUN	£225,000	£315,997	29% 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 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the April 2021 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might ROADHOUSE be worth now?

ROADHOUSE might now be worth an estimated £291,386.

This is based on house price inflation of 14.3%, between April 2021 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 14.3% inflationary increase is applied to the most recent sale price for ROADHOUSE of £255,000 on 19th April 2021. For the value to have increased from £255,000 to £291,386 over the four years and two months to February 2025, the following assumptions must hold true:

• The value of ROADHOUSE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The April 2021 sale price of £255,000 represented a fair market value for the property.
• The size, condition, and specification of ROADHOUSE has not materially changed since April 2021.

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 houses in Lanner, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lanner, and where ROADHOUSE lies on this distribution: 31% of detached houses 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.