TRESCO, ESSEX DRIVE, ILLOGAN DOWNS, REDRUTH, TR15 3XD - £390,000

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

TRESCO is a small detached house of 89m², built sometime between 1983 and 1990. It was last sold for £390,000 in July 2023, which was around 11% below the average July 2023 detached price in the Cornwall local authority area. The most recent EPC inspection was December 2022, where the current energy rating was C, and the potential energy rating was B.

TRESCO Sold Prices

Land registry data shows two sales for TRESCO 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 TRESCO 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
2023 25 JUL	£390,000	£438,307	11% below HPI
2021 15 JUL	£305,000	£379,257	20% below HPI

TRESCO 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 TRESCO sales from July 2021 and July 2023 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 July 2021 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the July 2023 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is TRESCO?

TRESCO is 89m² according to the EPC inspection conducted in December 2022. This puts it in the smallest 40% of detached houses in Illogan, based on EPC data. The below chart shows the distribution of detached houses by size in Illogan, and where TRESCO lies on this distribution: 39% of detached houses are smaller than TRESCO, and 59% of houses are larger. Note that EPC data is not available for all properties in Illogan.

TRESCO: Plot and Title Map

TRESCO sits on a plot of roughly 0.128 of an acre, or 518m². The below map shows the location of TRESCO, 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 TRESCO). 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 TRESCO?

TRESCO is located on ESSEX DRIVE in ILLOGAN DOWNS, in the TR15 postcode district. The below map shows the position of TRESCO on ESSEX DRIVE.