TEAL LODGE, GREENBANK ROAD, DEVORAN, TRURO, TR3 6PQ - £925,000

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.

TEAL LODGE is a very large extended detached house of 194m², built sometime between 1967 and 1975, which could now be worth an estimated £895,666. It was last sold for £925,000 in October 2023, which was around 105% above the average October 2023 detached price in the Cornwall local authority area. The most recent EPC inspection was August 2021, where the current energy rating was C, and the potential energy rating was B.

TEAL LODGE Sold Prices

Land registry data shows four sales for TEAL LODGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. All of the four TEAL LODGE sales 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
2023 24 OCT	£925,000	£451,551	105% above HPI
2018 8 OCT	£475,000	£341,588	39% above HPI
2017 26 SEP	£375,000	£326,936	15% above HPI
2013 19 MAR	£330,000	£270,837	22% above HPI

TEAL LODGE 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 four TEAL LODGE sales between March 2013 and October 2023 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 October 2018 sale was for 39% above the HPI. So the extrapolation line tracks at 39% above the HPI over time, until the October 2023 sale, where it rises to 105% above the HPI. The line then continues to track at 105% above the HPI.

What might TEAL LODGE be worth now?

TEAL LODGE might now be worth an estimated £895,666.

This is based on house price deflation of 3.2%, between October 2023 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 3.2% deflationary decrease is applied to the most recent sale price for TEAL LODGE of £925,000 on 24th October 2023. For the value to have decreased from £925,000 to £895,666 over the two years and eight months to February 2025, the following assumptions must hold true:

• The value of TEAL LODGE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The October 2023 sale price of £925,000 represented a fair market value for the property.
• The size, condition, and specification of TEAL LODGE has not materially changed since October 2023.

How Large is TEAL LODGE?

TEAL LODGE is 194m², which includes two extensions, according to the EPC inspection conducted in August 2021. This puts it in the largest 20% of detached houses houses in Devoran, based on EPC data. The below chart shows the distribution of detached houses houses by size in Devoran, and where TEAL LODGE lies on this distribution: 86% of detached houses houses are smaller than TEAL LODGE, and 14% of houses are larger. Note that EPC data is not available for all properties in Devoran.

TEAL LODGE: Plot and Title Map

TEAL LODGE sits on a plot of roughly 0.242 of an acre, or 981m². The below map shows the location of TEAL LODGE, 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 TEAL LODGE). 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 TEAL LODGE?

TEAL LODGE is located on GREENBANK ROAD in DEVORAN, in the TR3 postcode district. The below map shows the position of TEAL LODGE on GREENBANK ROAD.