TREETOPS, UNDER ROAD, GUNNISLAKE, PL18 9JL - £247,000

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.

TREETOPS is a midsized detached house of 115m², built sometime between 1983 and 1990, which could now be worth an estimated £313,447. It was last sold for £247,000 in November 2018, which was around 28% below the average November 2018 detached price in the Cornwall local authority area. The most recent EPC inspection was April 2011, where the current energy rating was D, and the potential energy rating was C.

TREETOPS Sold Prices

Land registry data shows two sales for TREETOPS 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 TREETOPS 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
2018 26 NOV	£247,000	£344,543	28% below HPI
2014 17 JUN	£185,000	£282,105	34% below HPI

TREETOPS 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 TREETOPS sales from June 2014 and November 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 June 2014 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the November 2018 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might TREETOPS be worth now?

TREETOPS might now be worth an estimated £313,447.

This is based on house price inflation of 26.9%, between November 2018 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 26.9% inflationary increase is applied to the most recent sale price for TREETOPS of £247,000 on 26th November 2018. For the value to have increased from £247,000 to £313,447 over the seven years and nine months to February 2025, the following assumptions must hold true:

• The value of TREETOPS has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The November 2018 sale price of £247,000 represented a fair market value for the property.
• The size, condition, and specification of TREETOPS has not materially changed since November 2018.

How Large is TREETOPS?

TREETOPS is 115m² according to the EPC inspection conducted in April 2011. This puts it in the largest 50% of detached houses houses in Gunnislake, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gunnislake, and where TREETOPS lies on this distribution: 55% of detached houses houses are smaller than TREETOPS, and 45% of houses are larger. Note that EPC data is not available for all properties in Gunnislake.

TREETOPS: Plot and Title Map

TREETOPS sits on a plot of roughly 21.7 acres, or 87,944m². The below map shows the location of TREETOPS, 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 TREETOPS). 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 TREETOPS?

TREETOPS is located on UNDER ROAD in GUNNISLAKE, in the PL18 postcode district. The below map shows the position of TREETOPS on UNDER ROAD.