THRIFT COTTAGE, THE GREEN, PROBUS, TRURO, TR2 4LP - £295,000

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.

THRIFT COTTAGE is a small extended detached house of 84m², built sometime between 1996 and 2002, which could now be worth an estimated £337,790. It was last sold for £295,000 in March 2021, which was around 23% below the average March 2021 detached price in the Cornwall local authority area. The most recent EPC inspection was July 2015, where the current energy rating was D, and the potential energy rating was B.

THRIFT COTTAGE Sold Prices

Land registry data shows two sales for THRIFT COTTAGE 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 THRIFT COTTAGE 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
2021 3 MAR	£295,000	£381,844	23% below HPI
2015 12 OCT	£246,000	£310,165	21% below HPI

THRIFT COTTAGE 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 THRIFT COTTAGE sales from October 2015 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 October 2015 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the March 2021 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might THRIFT COTTAGE be worth now?

THRIFT COTTAGE might now be worth an estimated £337,790.

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 THRIFT COTTAGE of £295,000 on 3rd March 2021. For the value to have increased from £295,000 to £337,790 over the four years and one month to February 2025, the following assumptions must hold true:

• The value of THRIFT COTTAGE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The March 2021 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of THRIFT COTTAGE has not materially changed since March 2021.

How Large is THRIFT COTTAGE?

THRIFT COTTAGE is 84m², which includes two extensions, according to the EPC inspection conducted in July 2015. This puts it in the smallest 40% of detached houses houses in Probus, based on EPC data. The below chart shows the distribution of detached houses houses by size in Probus, and where THRIFT COTTAGE lies on this distribution: 30% of detached houses houses are smaller than THRIFT COTTAGE, and 68% of houses are larger. Note that EPC data is not available for all properties in Probus.

THRIFT COTTAGE: Plot and Title Map

THRIFT COTTAGE sits on a plot of roughly 0.044 of an acre, or 179m². The below map shows the location of THRIFT COTTAGE, 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 THRIFT COTTAGE). 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 THRIFT COTTAGE?

THRIFT COTTAGE is located on THE GREEN in PROBUS, in the TR2 postcode district. The below map shows the position of THRIFT COTTAGE on THE GREEN.