1, NEW LANE, REDRUTH HIGHWAY, REDRUTH, TR15 1RE - £145,000

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.

1 NEW LANE is a very small extended terraced house of 51m², built sometime before 1900, which could now be worth an estimated £148,628. It was last sold for £145,000 in December 2021, which was around 34% below the average December 2021 terraced price in the Cornwall local authority area. The most recent EPC inspection was February 2024, where the current energy rating was D, and the potential energy rating was B.

1 NEW LANE Sold Prices

Land registry data shows three sales for 1 NEW LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Cornwall local authority area for the corresponding sale date. All of the three 1 NEW LANE 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
2021 8 DEC	£145,000	£219,080	34% below HPI
2016 7 SEP	£120,000	£165,579	28% below HPI
2013 19 DEC	£73,000	£152,411	52% below HPI

1 NEW LANE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Cornwall local authority area over time, sourced from the HPI. The three 1 NEW LANE sales between December 2013 and December 2021 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 September 2016 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the December 2021 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 1 NEW LANE be worth now?

1 NEW LANE might now be worth an estimated £148,628.

This is based on house price inflation of 2.5%, between December 2021 and June 2025, for terraced 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 2.5% inflationary increase is applied to the most recent sale price for 1 NEW LANE of £145,000 on 8th December 2021. For the value to have increased from £145,000 to £148,628 over the four years and six months to June 2025, the following assumptions must hold true:

• The value of 1 NEW LANE has moved in line with the HPI for terraced houses in the Cornwall local authority area.
• The December 2021 sale price of £145,000 represented a fair market value for the property.
• The size, condition, and specification of 1 NEW LANE has not materially changed since December 2021.

How Large is 1 NEW LANE?

1 NEW LANE is 51m², which includes one extension, according to the EPC inspection conducted in February 2024. This puts it in the smallest 10% of terraced houses houses in Redruth, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Redruth, and where 1 NEW LANE lies on this distribution: 1% of terraced houses houses are smaller than 1 NEW LANE, and 98% of houses are larger. Note that EPC data is not available for all properties in Redruth.

1 NEW LANE: Plot and Title Map

1 NEW LANE sits on a plot of roughly 0.018 of an acre, or 74m². The below map shows the location of 1 NEW 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 NEW 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 NEW LANE?

1 NEW LANE is located in REDRUTH HIGHWAY, in the TR15 postcode district. The below map shows the position of No. 1 on NEW LANE.