TOWAN, EASTCLIFF, PORTHTOWAN, TRURO, TR4 8AW - £275,000

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

TOWAN is a very small extended detached house of 49m², built sometime between 1983 and 1990, which could now be worth an estimated £413,458. It was last sold for £275,000 in October 2014, which was around 7% below the average October 2014 detached price in the Cornwall local authority area. The most recent EPC inspection was June 2014, where the current energy rating was D, and the potential energy rating was B.

TOWAN Sold Prices

Land registry data shows three sales for TOWAN since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. All of the three TOWAN 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 23 OCT	£275,000	£295,316	7% below HPI
2000 6 JAN	£73,000	£104,965	30% below HPI
1995 24 NOV	£55,000	£72,366	24% below HPI

TOWAN 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 three TOWAN sales between November 1995 and October 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 January 2000 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the October 2014 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might TOWAN be worth now?

TOWAN might now be worth an estimated £413,458.

This is based on house price inflation of 50.3%, between October 2014 and December 2024, 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 50.3% inflationary increase is applied to the most recent sale price for TOWAN of £275,000 on 23rd October 2014. For the value to have increased from £275,000 to £413,458 over the nine years and ten months to December 2024, the following assumptions must hold true:

• The value of TOWAN has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The October 2014 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of TOWAN has not materially changed since October 2014.

How Large is TOWAN?

TOWAN is 49m², which includes one extension, according to the EPC inspection conducted in June 2014. This puts it in the smallest 10% of detached houses houses in Porthtowan, based on EPC data. The below chart shows the distribution of detached houses houses by size in Porthtowan, and where TOWAN lies on this distribution: 3% of detached houses houses are smaller than TOWAN, and 97% of houses are larger. Note that EPC data is not available for all properties in Porthtowan.

TOWAN: Plot and Title Map

TOWAN sits on a plot of roughly 0.202 of an acre, or 819m². The below map shows the location of TOWAN, 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 TOWAN). 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 TOWAN?

TOWAN is located on EASTCLIFF in PORTHTOWAN, in the TR4 postcode district. The below map shows the position of TOWAN on EASTCLIFF.