WHEAL DREAM, VENTONRAZE, ILLOGAN, REDRUTH, TR16 4RY - £266,000

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

WHEAL DREAM is a large extended detached house of 123m², built sometime before 1900. It was last sold for £266,000 in August 2016, which was around 12% below the average August 2016 detached price in the Cornwall local authority area. The most recent EPC inspection was February 2015, where the current energy rating was E, and the potential energy rating was C.

WHEAL DREAM Sold Prices

Land registry data shows three sales for WHEAL DREAM 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. Two of the three WHEAL DREAM sales were for below the average price, whilst one was for above 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 8 AUG	£266,000	£300,903	12% below HPI
2005 8 DEC	£275,000	£260,577	6% above HPI
2000 26 MAY	£94,500	£109,141	13% below HPI

WHEAL DREAM 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 WHEAL DREAM sales between May 2000 and August 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 December 2005 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the August 2016 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is WHEAL DREAM?

WHEAL DREAM is 123m², which includes one extension, according to the EPC inspection conducted in February 2015. This puts it in the largest 30% of detached houses in Illogan, based on EPC data. The below chart shows the distribution of detached houses by size in Illogan, and where WHEAL DREAM lies on this distribution: 76% of detached houses are smaller than WHEAL DREAM, and 23% of houses are larger. Note that EPC data is not available for all properties in Illogan.

WHEAL DREAM: Plot and Title Map

WHEAL DREAM sits on a plot of roughly 0.083 of an acre, or 336m². The below map shows the location of WHEAL DREAM, 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 WHEAL DREAM). 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 WHEAL DREAM?

WHEAL DREAM is located on VENTONRAZE in ILLOGAN, in the TR16 postcode district. The below map shows the position of WHEAL DREAM on VENTONRAZE.