1, MILL LANE, GRAMPOUND, TRURO, TR2 4RU - £592,000

1 MILL LANE is a very large detached house of 201m², built sometime between 1983 and 1990. It was last sold for £592,000 in June 2019, which was around 80% above the average June 2019 detached price in the Cornwall local authority area. The most recent EPC inspection was March 2019, where the current energy rating was C, and the potential energy rating was C.

1 MILL LANE Sold Prices

Land registry data shows two sales for 1 MILL LANE 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 1 MILL LANE 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
2019 28 JUN	£592,000	£329,773	80% above HPI
1995 6 JUN	£155,000	£70,749	119% above HPI

1 MILL LANE 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 1 MILL LANE sales from June 1995 and June 2019 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 June 1995 sale was for 119% above the HPI. So the extrapolation line tracks at 119% above the HPI over time, until the June 2019 sale, where it falls to 80% above the HPI. The line then continues to track at 80% above the HPI.

How Large is 1 MILL LANE?

1 MILL LANE is 201m² according to the EPC inspection conducted in March 2019. This puts it in the largest 20% of detached houses in Grampound, based on EPC data. The below chart shows the distribution of detached houses by size in Grampound, and where 1 MILL LANE lies on this distribution: 87% of detached houses are smaller than 1 MILL LANE, and 13% of houses are larger. Note that EPC data is not available for all properties in Grampound.

1 MILL LANE: Plot and Title Map

1 MILL LANE sits on a plot of roughly 0.243 of an acre, or 985m². The below map shows the location of 1 MILL LANE, 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 1 MILL LANE). 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 1 MILL LANE?

1 MILL LANE is located in GRAMPOUND, in the TR2 postcode district. The below map shows the position of No. 1 on MILL LANE.