WHEAL FORTUNE LODGE, WHEAL FORTUNE LANE, ILLOGAN HIGHWAY, REDRUTH, TR15 3ND - £250,000

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.

WHEAL FORTUNE LODGE is a large detached house of 111m², built sometime between 1983 and 1990, which could now be worth an estimated £500,867. It was last sold for £250,000 in August 2003, which was around 15% above the average August 2003 detached price in the Cornwall local authority area. The most recent EPC inspection was July 2010, where the current energy rating was D, and the potential energy rating was C.

WHEAL FORTUNE LODGE Sold Prices

Land registry data shows two sales for WHEAL FORTUNE LODGE 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 WHEAL FORTUNE LODGE sales were 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
2003 15 AUG	£250,000	£218,237	15% above HPI
1997 27 MAR	£85,000	£79,203	7% above HPI

WHEAL FORTUNE LODGE 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 WHEAL FORTUNE LODGE sales from March 1997 and August 2003 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 March 1997 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the August 2003 sale, where it rises to 15% above the HPI. The line then continues to track at 15% above the HPI.

What might WHEAL FORTUNE LODGE be worth now?

WHEAL FORTUNE LODGE might now be worth an estimated £500,867.

This is based on house price inflation of 100.3%, between August 2003 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 100.3% inflationary increase is applied to the most recent sale price for WHEAL FORTUNE LODGE of £250,000 on 15th August 2003. For the value to have increased from £250,000 to £500,867 over the 22 years and six months to February 2025, the following assumptions must hold true:

• The value of WHEAL FORTUNE LODGE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The August 2003 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of WHEAL FORTUNE LODGE has not materially changed since August 2003.

How Large is WHEAL FORTUNE LODGE?

WHEAL FORTUNE LODGE is 111m² according to the EPC inspection conducted in July 2010. This puts it in the largest 30% of detached houses houses in Illogan Highway, based on EPC data. The below chart shows the distribution of detached houses houses by size in Illogan Highway, and where WHEAL FORTUNE LODGE lies on this distribution: 74% of detached houses houses are smaller than WHEAL FORTUNE LODGE, and 26% of houses are larger. Note that EPC data is not available for all properties in Illogan Highway.

WHEAL FORTUNE LODGE: Plot and Title Map

WHEAL FORTUNE LODGE sits on a plot of roughly 0.471 of an acre, or 1,907m². The below map shows the location of WHEAL FORTUNE LODGE, 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 FORTUNE LODGE). 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 FORTUNE LODGE?

WHEAL FORTUNE LODGE is located on WHEAL FORTUNE LANE in ILLOGAN HIGHWAY, in the TR15 postcode district. The below map shows the position of WHEAL FORTUNE LODGE on WHEAL FORTUNE LANE.