2, THE FORGE, CARNON DOWNS, TRURO, TR3 6JP - £287,000

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 THE FORGE is a very large detached house of 149m², built sometime between 1996 and 2002, which could now be worth an estimated £455,522. It was last sold for £287,000 in July 2011, which was around 5% above the average July 2011 detached price in the Cornwall local authority area. The most recent EPC inspection was January 2010, where the current energy rating was D, and the potential energy rating was C.

2 THE FORGE Sold Prices

Land registry data shows four sales for 2 THE FORGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. Most of the four 2 THE FORGE 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
2011 15 JUL	£287,000	£272,094	5% above HPI
2007 20 JUL	£292,000	£295,243	1% below HPI
2004 18 JUN	£269,950	£244,795	10% above HPI
1998 20 JAN	£104,000	£87,811	18% above HPI

2 THE FORGE 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 four 2 THE FORGE sales between January 1998 and July 2011 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 July 2007 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the July 2011 sale, where it rises to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might 2 THE FORGE be worth now?

2 THE FORGE might now be worth an estimated £455,522.

This is based on house price inflation of 58.7%, between July 2011 and July 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 58.7% inflationary increase is applied to the most recent sale price for 2 THE FORGE of £287,000 on 15th July 2011. For the value to have increased from £287,000 to £455,522 over the fourteen years to July 2025, the following assumptions must hold true:

• The value of 2 THE FORGE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The July 2011 sale price of £287,000 represented a fair market value for the property.
• The size, condition, and specification of 2 THE FORGE has not materially changed since July 2011.

How Large is 2 THE FORGE?

2 THE FORGE is 149m² according to the EPC inspection conducted in January 2010. This puts it in the largest 20% of detached houses houses in Carnon Downs, based on EPC data. The below chart shows the distribution of detached houses houses by size in Carnon Downs, and where 2 THE FORGE lies on this distribution: 84% of detached houses houses are smaller than 2 THE FORGE, and 16% of houses are larger. Note that EPC data is not available for all properties in Carnon Downs.

2 THE FORGE: Plot and Title Map

2 THE FORGE sits on a plot of roughly 0.067 of an acre, or 270m². The below map shows the location of 2 THE FORGE, 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 2 THE FORGE). 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 2 THE FORGE?

2 THE FORGE is located in CARNON DOWNS, in the TR3 postcode district. The below map shows the position of No. 2 on THE FORGE.