TERRANNE, NORTH POOL ROAD, REDRUTH, TR15 3JQ - £132,000

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

TERRANNE is a very small detached house of 47m², built sometime from 2007 onwards. It was last sold for £132,000 in July 2014, which was around 53% below the average July 2014 detached price in the Cornwall local authority area. The most recent EPC inspection was July 2014, where the current energy rating was C, and the potential energy rating was A.

TERRANNE Sold Prices

Land registry data shows four sales for TERRANNE 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 TERRANNE 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
2014 25 JUL	£132,000	£281,141	53% below HPI
2008 11 APR	£159,950	£289,635	45% below HPI
2004 27 AUG	£124,950	£252,056	50% below HPI
2001 19 SEP	£52,500	£136,925	62% below HPI

TERRANNE 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 TERRANNE sales between September 2001 and July 2014 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 April 2008 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the July 2014 sale, where it falls to 53% below the HPI. The line then continues to track at 53% below the HPI.

How Large is TERRANNE?

TERRANNE is 47m² according to the EPC inspection conducted in July 2014. This puts it in the smallest 10% of detached houses in Illogan, based on EPC data. The below chart shows the distribution of detached houses by size in Illogan, and where TERRANNE lies on this distribution: 1% of detached houses are smaller than TERRANNE, and 99% of houses are larger. Note that EPC data is not available for all properties in Illogan.

TERRANNE: Plot and Title Map

TERRANNE sits on a plot of roughly 0.033 of an acre, or 134m². The below map shows the location of TERRANNE, 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 TERRANNE). 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 TERRANNE?

TERRANNE is located on NORTH POOL ROAD in REDRUTH, in the TR15 postcode district. The below map shows the position of TERRANNE on NORTH POOL ROAD.