4, THE MEADOW, ILLOGAN, REDRUTH, TR16 4RT - £325,000

4 THE MEADOW is a very small detached house of 70m², built sometime between 1996 and 2002. It was last sold for £325,000 in May 2022, which was around 25% below the average May 2022 detached price in the Cornwall local authority area. The most recent EPC inspection was March 2020, where the current energy rating was D, and the potential energy rating was B.

4 THE MEADOW Sold Prices

Land registry data shows two sales for 4 THE MEADOW 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 THE MEADOW 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
2022 30 MAY	£325,000	£433,198	25% below HPI
2020 20 NOV	£240,000	£371,513	35% below HPI

4 THE MEADOW 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 THE MEADOW sales from November 2020 and May 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 November 2020 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the May 2022 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 4 THE MEADOW?

4 THE MEADOW is 70m² according to the EPC inspection conducted in March 2020. This puts it in the smallest 20% of detached houses in Illogan, based on EPC data. The below chart shows the distribution of detached houses by size in Illogan, and where 4 THE MEADOW lies on this distribution: 14% of detached houses are smaller than 4 THE MEADOW, and 86% of houses are larger. Note that EPC data is not available for all properties in Illogan.

4 THE MEADOW: Plot and Title Map

4 THE MEADOW sits on a plot of roughly 0.121 of an acre, or 491m². The below map shows the location of 4 THE MEADOW, 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 THE MEADOW). 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 THE MEADOW?

4 THE MEADOW is located in ILLOGAN, in the TR16 postcode district. The below map shows the position of No. 4 on THE MEADOW.