15, BISHOPS CLOSE, TRURO, TR1 3RR - £245,000

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.

15 BISHOPS CLOSE is a very small detached house of 67m², built sometime between 1967 and 1975, which could now be worth an estimated £372,255. It was last sold for £245,000 in August 2014, which was around 15% below the average August 2014 detached price in the Cornwall local authority area. The most recent EPC inspection was September 2013, where the current energy rating was E, and the potential energy rating was B.

15 BISHOPS CLOSE Sold Prices

Land registry data shows two sales for 15 BISHOPS CLOSE 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 15 BISHOPS CLOSE 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
2014 13 AUG	£245,000	£287,764	15% below HPI
2002 13 SEP	£170,000	£177,770	4% below HPI

15 BISHOPS CLOSE 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 15 BISHOPS CLOSE sales from September 2002 and August 2014 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 2002 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the August 2014 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 15 BISHOPS CLOSE be worth now?

15 BISHOPS CLOSE might now be worth an estimated £372,255.

This is based on house price inflation of 51.9%, between August 2014 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 51.9% inflationary increase is applied to the most recent sale price for 15 BISHOPS CLOSE of £245,000 on 13th August 2014. For the value to have increased from £245,000 to £372,255 over the eleven years and six months to February 2025, the following assumptions must hold true:

• The value of 15 BISHOPS CLOSE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The August 2014 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 15 BISHOPS CLOSE has not materially changed since August 2014.

How Large is 15 BISHOPS CLOSE?

15 BISHOPS CLOSE is 67m² according to the EPC inspection conducted in September 2013. This puts it in the smallest 10% of detached houses houses in Truro, based on EPC data. The below chart shows the distribution of detached houses houses by size in Truro, and where 15 BISHOPS CLOSE lies on this distribution: 4% of detached houses houses are smaller than 15 BISHOPS CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Truro.

15 BISHOPS CLOSE: Plot and Title Map

15 BISHOPS CLOSE sits on a plot of roughly 0.077 of an acre, or 312m². The below map shows the location of 15 BISHOPS CLOSE, 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 15 BISHOPS CLOSE). 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 15 BISHOPS CLOSE?

15 BISHOPS CLOSE is located in TRURO, in the TR1 postcode district. The below map shows the position of No. 15 on BISHOPS CLOSE.