4, NEW LANE, REDRUTH HIGHWAY, REDRUTH, TR15 1RE - £207,000

4 NEW LANE is a very small detached house of 61m², built sometime between 1976 and 1982. It was last sold for £207,000 in October 2016, which was around 32% below the average October 2016 detached price in the Cornwall local authority area. The most recent EPC inspection was April 2016, where the current energy rating was C, and the potential energy rating was B.

4 NEW LANE Sold Prices

Land registry data shows two sales for 4 NEW LANE 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. Both of the two 4 NEW 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
2016 27 OCT	£207,000	£304,899	32% below HPI
2015 16 OCT	£155,000	£305,354	49% below HPI

4 NEW 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 two 4 NEW LANE sales from October 2015 and October 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 October 2015 sale was for 49% below the HPI. So the extrapolation line tracks at 49% below the HPI over time, until the October 2016 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 4 NEW LANE?

4 NEW LANE is 61m² according to the EPC inspection conducted in April 2016. This puts it in the smallest 20% of detached houses in Redruth, based on EPC data. The below chart shows the distribution of detached houses by size in Redruth, and where 4 NEW LANE lies on this distribution: 11% of detached houses are smaller than 4 NEW LANE, and 88% of houses are larger. Note that EPC data is not available for all properties in Redruth.

4 NEW LANE: Plot and Title Map

4 NEW LANE sits on a plot of roughly 0.080 of an acre, or 326m². The below map shows the location of 4 NEW 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 4 NEW 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 4 NEW LANE?

4 NEW LANE is located in REDRUTH HIGHWAY, in the TR15 postcode district. The below map shows the position of No. 4 on NEW LANE.