SPRINGFIELD, BARRACK LANE, TRURO, TR1 2DW - £500,000

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

SPRINGFIELD is a small detached house of 104m², built sometime between 1950 and 1966, which could now be worth an estimated £564,008. It was last sold for £500,000 in June 2021, which was around 27% above the average June 2021 detached price in the Cornwall local authority area. The most recent EPC inspection was May 2021, where the current energy rating was C, and the potential energy rating was B.

SPRINGFIELD Sold Prices

Land registry data shows two sales for SPRINGFIELD 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 SPRINGFIELD sales was for above the average price, whilst the other was 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 30 JUN	£500,000	£393,614	27% above HPI
2009 22 DEC	£248,000	£270,396	8% below HPI

SPRINGFIELD 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 SPRINGFIELD sales from December 2009 and June 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 December 2009 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the June 2021 sale, where it rises to 27% above the HPI. The line then continues to track at 27% above the HPI.

What might SPRINGFIELD be worth now?

SPRINGFIELD might now be worth an estimated £564,008.

This is based on house price inflation of 12.8%, between June 2021 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 12.8% inflationary increase is applied to the most recent sale price for SPRINGFIELD of £500,000 on 30th June 2021. For the value to have increased from £500,000 to £564,008 over the two years and six months to December 2024, the following assumptions must hold true:

• The value of SPRINGFIELD has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The June 2021 sale price of £500,000 represented a fair market value for the property.
• The size, condition, and specification of SPRINGFIELD has not materially changed since June 2021.

How Large is SPRINGFIELD?

SPRINGFIELD is 104m² according to the EPC inspection conducted in May 2021. This puts it in the smallest 40% of detached houses houses in Truro, based on EPC data. The below chart shows the distribution of detached houses houses by size in Truro, and where SPRINGFIELD lies on this distribution: 36% of detached houses houses are smaller than SPRINGFIELD, and 63% of houses are larger. Note that EPC data is not available for all properties in Truro.

SPRINGFIELD: Plot and Title Map

SPRINGFIELD sits on a plot of roughly 0.124 of an acre, or 503m². The below map shows the location of SPRINGFIELD, 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 SPRINGFIELD). 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 SPRINGFIELD?

SPRINGFIELD is located on BARRACK LANE in TRURO, in the TR1 postcode district. The below map shows the position of SPRINGFIELD on BARRACK LANE.