3, BARRACK LANE, TRURO, TR1 2DW - £440,000

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.

3 BARRACK LANE is a small extended terraced house of 100m², built sometime between 1983 and 1990, which could now be worth an estimated £409,787. It was last sold for £440,000 in December 2022, which was around 78% above the average December 2022 terraced price in the Cornwall local authority area. The most recent EPC inspection was May 2019, where the current energy rating was D, and the potential energy rating was C.

3 BARRACK LANE Sold Prices

Land registry data shows two sales for 3 BARRACK LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Cornwall local authority area for the corresponding sale date. Both of the two 3 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
2022 15 DEC	£440,000	£247,602	78% above HPI
2019 30 SEP	£360,000	£186,202	93% above HPI

3 BARRACK 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 two 3 BARRACK LANE sales from September 2019 and December 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 2019 sale was for 93% above the HPI. So the extrapolation line tracks at 93% above the HPI over time, until the December 2022 sale, where it falls to 78% above the HPI. The line then continues to track at 78% above the HPI.

What might 3 BARRACK LANE be worth now?

3 BARRACK LANE might now be worth an estimated £409,787.

This is based on house price deflation of 6.9%, between December 2022 and May 2026, 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 6.9% deflationary decrease is applied to the most recent sale price for 3 BARRACK LANE of £440,000 on 15th December 2022. For the value to have decreased from £440,000 to £409,787 over the four years and seven months to May 2026, the following assumptions must hold true:

• The value of 3 BARRACK LANE has moved in line with the HPI for terraced houses in the Cornwall local authority area.
• The December 2022 sale price of £440,000 represented a fair market value for the property.
• The size, condition, and specification of 3 BARRACK LANE has not materially changed since December 2022.

How Large is 3 BARRACK LANE?

3 BARRACK LANE is 100m², which includes two extensions, according to the EPC inspection conducted in May 2019. This puts it in the smallest 40% of terraced houses houses in Truro, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Truro, and where 3 BARRACK LANE lies on this distribution: 32% of terraced houses houses are smaller than 3 BARRACK LANE, and 67% of houses are larger. Note that EPC data is not available for all properties in Truro.

3 BARRACK LANE: Plot and Title Map

3 BARRACK LANE sits on a plot of roughly 0.023 of an acre, or 93m². The below map shows the location of 3 BARRACK 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 3 BARRACK 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 3 BARRACK LANE?

3 BARRACK LANE is located in TRURO, in the TR1 postcode district. The below map shows the position of No. 3 on BARRACK LANE.