VERICA, STATION ROAD, GRAMPOUND ROAD, TRURO, TR2 4EE - £120,000

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

VERICA is a large extended detached house of 135m², built sometime between 1900 and 1929. It was last sold for £120,000 in December 2016, which was around 61% below the average December 2016 detached price in the Cornwall local authority area. The most recent EPC inspection was April 2014, where the current energy rating was F, and the potential energy rating was E.

VERICA Sold Prices

Land registry data shows two sales for VERICA 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 VERICA 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
2016 5 DEC	£120,000	£307,260	61% below HPI
2015 16 JAN	£105,000	£287,784	64% below HPI

VERICA 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 VERICA sales from January 2015 and December 2016 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 2015 sale was for 64% below the HPI. So the extrapolation line tracks at 64% below the HPI over time, until the December 2016 sale, where it rises to 61% below the HPI. The line then continues to track at 61% below the HPI.

How Large is VERICA?

VERICA is 135m², which includes four extensions, according to the EPC inspection conducted in April 2014. This puts it in the largest 30% of detached houses in Grampound Road, based on EPC data. The below chart shows the distribution of detached houses by size in Grampound Road, and where VERICA lies on this distribution: 68% of detached houses are smaller than VERICA, and 30% of houses are larger. Note that EPC data is not available for all properties in Grampound Road.

VERICA: Plot and Title Map

VERICA sits on a plot of roughly 0.055 of an acre, or 223m². The below map shows the location of VERICA, 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 VERICA). 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 VERICA?

VERICA is located on STATION ROAD in GRAMPOUND ROAD, in the TR2 postcode district. The below map shows the position of VERICA on STATION ROAD.