3, THE CLOSE, TRURO, TR1 1LY - £292,500

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 THE CLOSE is a small extended detached house of 89m², built sometime between 1967 and 1975, which could now be worth an estimated £421,321. It was last sold for £292,500 in June 2016, which was around 2% below the average June 2016 detached price in the Cornwall local authority area. The most recent EPC inspection was February 2016, where the current energy rating was D, and the potential energy rating was B.

3 THE CLOSE Sold Prices

Land registry data shows two sales for 3 THE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. One of the two 3 THE CLOSE sales was for below the average price, whilst the other was roughly equal to 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
2016 24 JUN	£292,500	£299,819	2% below HPI
1995 30 NOV	£72,500	£72,366	Close to HPI

3 THE CLOSE 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 two 3 THE CLOSE sales from November 1995 and June 2016 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 November 1995 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the June 2016 sale, where it falls to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 3 THE CLOSE be worth now?

3 THE CLOSE might now be worth an estimated £421,321.

This is based on house price inflation of 44%, between June 2016 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 44% inflationary increase is applied to the most recent sale price for 3 THE CLOSE of £292,500 on 24th June 2016. For the value to have increased from £292,500 to £421,321 over the eight years and eleven months to July 2025, the following assumptions must hold true:

• The value of 3 THE CLOSE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The June 2016 sale price of £292,500 represented a fair market value for the property.
• The size, condition, and specification of 3 THE CLOSE has not materially changed since June 2016.

How Large is 3 THE CLOSE?

3 THE CLOSE is 89m², which includes one extension, according to the EPC inspection conducted in February 2016. This puts it in the smallest 30% of detached houses houses in Truro, based on EPC data. The below chart shows the distribution of detached houses houses by size in Truro, and where 3 THE CLOSE lies on this distribution: 21% of detached houses houses are smaller than 3 THE CLOSE, and 78% of houses are larger. Note that EPC data is not available for all properties in Truro.

3 THE CLOSE: Plot and Title Map

3 THE CLOSE sits on a plot of roughly 80.5 acres, or 325,657m². The below map shows the location of 3 THE CLOSE, 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 THE CLOSE). 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 THE CLOSE?

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