THE BARNS, VERYAN, TRURO, TR2 5QA - £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

THE BARNS is a very large extended detached house of 150m², built sometime between 1967 and 1975, which could now be worth an estimated £572,526. It was last sold for £500,000 in March 2021, which was around 31% above the average March 2021 detached price in the Cornwall local authority area. The most recent EPC inspection was June 2024, where the current energy rating was C, and the potential energy rating was B.

THE BARNS Sold Prices

Land registry data shows two sales for THE BARNS 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 THE BARNS 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
2021 26 MAR	£500,000	£381,844	31% above HPI
1995 11 AUG	£93,000	£70,760	31% above HPI

THE BARNS 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 THE BARNS sales from August 1995 and March 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 August 1995 sale was for 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the March 2021 sale, which was also at 31% above the HPI.

What might THE BARNS be worth now?

THE BARNS might now be worth an estimated £572,526.

This is based on house price inflation of 14.5%, between March 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 14.5% inflationary increase is applied to the most recent sale price for THE BARNS of £500,000 on 26th March 2021. For the value to have increased from £500,000 to £572,526 over the four years and one month to February 2025, the following assumptions must hold true:

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

How Large is THE BARNS?

THE BARNS is 150m², which includes two extensions, according to the EPC inspection conducted in June 2024. This puts it in the largest 10% of detached houses houses in Veryan, based on EPC data. The below chart shows the distribution of detached houses houses by size in Veryan, and where THE BARNS lies on this distribution: 93% of detached houses houses are smaller than THE BARNS, and 7% of houses are larger. Note that EPC data is not available for all properties in Veryan.

THE BARNS: Plot and Title Map

THE BARNS sits on a plot of roughly 0.159 of an acre, or 645m². The below map shows the location of THE BARNS, 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 THE BARNS). 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 THE BARNS?

THE BARNS is located in VERYAN, in the TR2 postcode district. The below map shows the position of THE BARNS in VERYAN.