16, FORTHVRAS, ILLOGAN DOWNS, REDRUTH, TR15 3XQ - £325,000

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.

16 FORTHVRAS is a midsized extended semi-detached house of 90m², built sometime between 1967 and 1975, which could now be worth an estimated £319,650. It was last sold for £325,000 in May 2022, which was around 15% above the average May 2022 semi-detached price in the Cornwall local authority area. The most recent EPC inspection was March 2022, where the current energy rating was D, and the potential energy rating was B.

16 FORTHVRAS Sold Prices

Land registry data shows three sales for 16 FORTHVRAS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Cornwall local authority area for the corresponding sale date. One of the three 16 FORTHVRAS sales was for above the average price, whilst two 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
2022 24 MAY	£325,000	£283,457	15% above HPI
2016 6 SEP	£190,000	£199,492	5% below HPI
2000 27 NOV	£68,500	£75,793	10% below HPI

16 FORTHVRAS Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Cornwall local authority area over time, sourced from the HPI. The three 16 FORTHVRAS sales between November 2000 and May 2022 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 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the May 2022 sale, where it rises to 15% above the HPI. The line then continues to track at 15% above the HPI.

What might 16 FORTHVRAS be worth now?

16 FORTHVRAS might now be worth an estimated £319,650.

This is based on house price deflation of 1.6%, between May 2022 and April 2026, for semi-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 1.6% deflationary decrease is applied to the most recent sale price for 16 FORTHVRAS of £325,000 on 24th May 2022. For the value to have decreased from £325,000 to £319,650 over the four years and one month to April 2026, the following assumptions must hold true:

• The value of 16 FORTHVRAS has moved in line with the HPI for semi-detached houses in the Cornwall local authority area.
• The May 2022 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 16 FORTHVRAS has not materially changed since May 2022.

How Large is 16 FORTHVRAS?

16 FORTHVRAS is 90m², which includes two extensions, according to the EPC inspection conducted in March 2022. This puts it in the smallest 50% of semi-detached houses houses in Illogan, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Illogan, and where 16 FORTHVRAS lies on this distribution: 42% of semi-detached houses houses are smaller than 16 FORTHVRAS, and 56% of houses are larger. Note that EPC data is not available for all properties in Illogan.

16 FORTHVRAS: Plot and Title Map

16 FORTHVRAS sits on a plot of roughly 0.057 of an acre, or 232m². The below map shows the location of 16 FORTHVRAS, 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 16 FORTHVRAS). 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 16 FORTHVRAS?

16 FORTHVRAS is located in ILLOGAN DOWNS, in the TR15 postcode district. The below map shows the position of No. 16 on FORTHVRAS.