3, PIT LANE, HIGHER FRADDON, ST COLUMB, TR9 6LG - £195,000

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 PIT LANE is a very small detached house of 74m², built sometime between 2003 and 2006, which could now be worth an estimated £245,182. It was last sold for £195,000 in December 2018, which was around 43% below the average December 2018 detached price in the Cornwall local authority area. The most recent EPC inspection was November 2013, where the current energy rating was C, and the potential energy rating was B.

3 PIT LANE Sold Prices

Land registry data shows three sales for 3 PIT LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. All of the three 3 PIT LANE 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
2018 20 DEC	£195,000	£340,883	43% below HPI
2014 16 APR	£191,115	£285,646	33% below HPI
2007 5 APR	£179,950	£288,466	38% below HPI

3 PIT LANE 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 three 3 PIT LANE sales between April 2007 and December 2018 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 2014 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the December 2018 sale, where it falls to 43% below the HPI. The line then continues to track at 43% below the HPI.

What might 3 PIT LANE be worth now?

3 PIT LANE might now be worth an estimated £245,182.

This is based on house price inflation of 25.7%, between December 2018 and May 2026, 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 25.7% inflationary increase is applied to the most recent sale price for 3 PIT LANE of £195,000 on 20th December 2018. For the value to have increased from £195,000 to £245,182 over the eight years and seven months to May 2026, the following assumptions must hold true:

• The value of 3 PIT LANE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The December 2018 sale price of £195,000 represented a fair market value for the property.
• The size, condition, and specification of 3 PIT LANE has not materially changed since December 2018.

How Large is 3 PIT LANE?

3 PIT LANE is 74m² according to the EPC inspection conducted in November 2013. This puts it in the smallest 10% of detached houses houses in Indian Queens, based on EPC data. The below chart shows the distribution of detached houses houses by size in Indian Queens, and where 3 PIT LANE lies on this distribution: 8% of detached houses houses are smaller than 3 PIT LANE, and 91% of houses are larger. Note that EPC data is not available for all properties in Indian Queens.

3 PIT LANE: Plot and Title Map

3 PIT LANE sits on a plot of roughly 0.041 of an acre, or 167m². The below map shows the location of 3 PIT 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 PIT 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 PIT LANE?

3 PIT LANE is located in HIGHER FRADDON, in the TR9 postcode district. The below map shows the position of No. 3 on PIT LANE.