2, BARRACK LANE, TRURO, TR1 2DW - £261,000

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.

2 BARRACK LANE is a very small semi-detached house of 59m², built sometime between 1976 and 1982, which could now be worth an estimated £361,342. It was last sold for £261,000 in May 2017, which was around 28% above the average May 2017 semi-detached price in the Cornwall local authority area. The most recent EPC inspection was October 2010, where the current energy rating was F, and the potential energy rating was F.

2 BARRACK LANE Sold Prices

Land registry data shows two sales for 2 BARRACK LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Cornwall local authority area for the corresponding sale date. Both of the two 2 BARRACK 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
2017 26 MAY	£261,000	£203,175	28% above HPI
2013 29 APR	£195,000	£177,266	10% above HPI

2 BARRACK LANE 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 two 2 BARRACK LANE sales from April 2013 and May 2017 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 April 2013 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the May 2017 sale, where it rises to 28% above the HPI. The line then continues to track at 28% above the HPI.

What might 2 BARRACK LANE be worth now?

2 BARRACK LANE might now be worth an estimated £361,342.

This is based on house price inflation of 38.4%, between May 2017 and May 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 38.4% inflationary increase is applied to the most recent sale price for 2 BARRACK LANE of £261,000 on 26th May 2017. For the value to have increased from £261,000 to £361,342 over the nine years to May 2026, the following assumptions must hold true:

• The value of 2 BARRACK LANE has moved in line with the HPI for semi-detached houses in the Cornwall local authority area.
• The May 2017 sale price of £261,000 represented a fair market value for the property.
• The size, condition, and specification of 2 BARRACK LANE has not materially changed since May 2017.

How Large is 2 BARRACK LANE?

2 BARRACK LANE is 59m² according to the EPC inspection conducted in October 2010. This puts it in the smallest 10% of semi-detached houses houses in Truro, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Truro, and where 2 BARRACK LANE lies on this distribution: 1% of semi-detached houses houses are smaller than 2 BARRACK LANE, and 99% of houses are larger. Note that EPC data is not available for all properties in Truro.

Where is 2 BARRACK LANE?

2 BARRACK LANE is located in TRURO, in the TR1 postcode district. The below map shows the position of No. 2 on BARRACK LANE.