TARA, MORESK ROAD, TRURO, TR1 1EG - £315,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

TARA is a small detached house of 94m², built sometime between 1967 and 1975. It was last sold for £315,000 in July 2020, which was around 9% below the average July 2020 detached price in the Cornwall local authority area. The most recent EPC inspection was April 2019, where the current energy rating was D, and the potential energy rating was C.

TARA Sold Prices

Land registry data shows three sales for TARA 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. One of the three TARA sales was for below the average price, whilst two were 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
2020 8 JUL	£315,000	£346,306	9% below HPI
2004 27 JAN	£238,000	£226,309	5% above HPI
2002 28 MAY	£179,950	£154,610	16% above HPI

TARA 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 TARA sales between May 2002 and July 2020 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 2004 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the July 2020 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is TARA?

TARA is 94m² according to the EPC inspection conducted in April 2019. This puts it in the smallest 30% of detached houses in Truro, based on EPC data. The below chart shows the distribution of detached houses by size in Truro, and where TARA lies on this distribution: 28% of detached houses are smaller than TARA, and 72% of houses are larger. Note that EPC data is not available for all properties in Truro.

TARA: Plot and Title Map

TARA sits on a plot of roughly 0.120 of an acre, or 485m². The below map shows the location of TARA, 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 TARA). 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 TARA?

TARA is located on MORESK ROAD in TRURO, in the TR1 postcode district. The below map shows the position of TARA on MORESK ROAD.