TWO TREES, FOUR LANES, REDRUTH, TR16 6PY - £270,000

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

TWO TREES is a large detached house of 105m², built sometime between 2003 and 2006, which could now be worth an estimated £267,642. It was last sold for £270,000 in June 2022, which was around 39% below the average June 2022 detached price in the Cornwall local authority area. The most recent EPC inspection was February 2011, where the current energy rating was D, and the potential energy rating was C.

TWO TREES Sold Prices

Land registry data shows two sales for TWO TREES 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 TWO TREES 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
2022 28 JUN	£270,000	£441,083	39% below HPI
2008 3 APR	£189,000	£294,198	36% below HPI

TWO TREES 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 TWO TREES sales from April 2008 and June 2022 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 April 2008 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the June 2022 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

What might TWO TREES be worth now?

TWO TREES might now be worth an estimated £267,642.

This is based on house price deflation of 0.9%, between June 2022 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 0.9% deflationary decrease is applied to the most recent sale price for TWO TREES of £270,000 on 28th June 2022. For the value to have decreased from £270,000 to £267,642 over the three years and four months to February 2025, the following assumptions must hold true:

• The value of TWO TREES has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The June 2022 sale price of £270,000 represented a fair market value for the property.
• The size, condition, and specification of TWO TREES has not materially changed since June 2022.

How Large is TWO TREES?

TWO TREES is 105m² according to the EPC inspection conducted in February 2011. This puts it in the largest 30% of detached houses houses in Four Lanes, based on EPC data. The below chart shows the distribution of detached houses houses by size in Four Lanes, and where TWO TREES lies on this distribution: 75% of detached houses houses are smaller than TWO TREES, and 25% of houses are larger. Note that EPC data is not available for all properties in Four Lanes.

TWO TREES: Plot and Title Map

TWO TREES sits on a plot of roughly 0.061 of an acre, or 246m². The below map shows the location of TWO TREES, 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 TWO TREES). 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 TWO TREES?

TWO TREES is located in FOUR LANES, in the TR16 postcode district. The below map shows the position of TWO TREES in FOUR LANES.