THE FIRS, CHURCHTOWN ROAD, GERRANS, TRURO, TR2 5DZ - £505,000

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

THE FIRS is a large detached house of 139m², built sometime between 1950 and 1966. It was last sold for £505,000 in March 2018, which was around 54% above the average March 2018 detached price in the Cornwall local authority area. The most recent EPC inspection was November 2018, where the current energy rating was E, and the potential energy rating was C.

THE FIRS Sold Prices

Land registry data shows four sales for THE FIRS 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 THE FIRS 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
2018 14 MAR	£505,000	£328,446	54% above HPI
2012 23 NOV	£450,000	£269,114	67% above HPI
2002 18 SEP	£298,000	£175,013	70% above HPI
1996 9 FEB	£138,500	£70,332	97% above HPI

THE FIRS 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 THE FIRS sales between February 1996 and March 2018 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 November 2012 sale was for 67% above the HPI. So the extrapolation line tracks at 67% above the HPI over time, until the March 2018 sale, where it falls to 54% above the HPI. The line then continues to track at 54% above the HPI.

How Large is THE FIRS?

THE FIRS is 139m² according to the EPC inspection conducted in November 2018. This puts it in the largest 40% of detached houses in Gerrans, based on EPC data. The below chart shows the distribution of detached houses by size in Gerrans, and where THE FIRS lies on this distribution: 61% of detached houses are smaller than THE FIRS, and 39% of houses are larger. Note that EPC data is not available for all properties in Gerrans.

THE FIRS: Plot and Title Map

THE FIRS sits on a plot of roughly 0.318 of an acre, or 1,288m². The below map shows the location of THE FIRS, 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 FIRS). 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 FIRS?

THE FIRS is located on CHURCHTOWN ROAD in GERRANS, in the TR2 postcode district. The below map shows the position of THE FIRS on CHURCHTOWN ROAD.