7, FORTHVRAS, ILLOGAN DOWNS, REDRUTH, TR15 3XQ - £205,000

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.

7 FORTHVRAS is a small extended semi-detached house of 87m², built sometime between 1967 and 1975, which could now be worth an estimated £265,266. It was last sold for £205,000 in February 2018, which was around 5% below the average February 2018 semi-detached price in the Cornwall local authority area. The most recent EPC inspection was October 2017, where the current energy rating was D, and the potential energy rating was B.

7 FORTHVRAS Sold Prices

Land registry data shows four sales for 7 FORTHVRAS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Cornwall local authority area for the corresponding sale date. All of the four 7 FORTHVRAS 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 19 FEB	£205,000	£215,452	5% below HPI
2007 23 JUL	£191,500	£196,686	3% below HPI
2002 2 AUG	£100,000	£107,005	7% below HPI
1997 30 APR	£45,500	£49,380	8% below HPI

7 FORTHVRAS Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Cornwall local authority area over time, sourced from the HPI. The four 7 FORTHVRAS sales between April 1997 and February 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 July 2007 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the February 2018 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might 7 FORTHVRAS be worth now?

7 FORTHVRAS might now be worth an estimated £265,266.

This is based on house price inflation of 29.4%, between February 2018 and April 2026, for semi-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 29.4% inflationary increase is applied to the most recent sale price for 7 FORTHVRAS of £205,000 on 19th February 2018. For the value to have increased from £205,000 to £265,266 over the seven years and ten months to April 2026, the following assumptions must hold true:

• The value of 7 FORTHVRAS has moved in line with the HPI for semi-detached houses in the Cornwall local authority area.
• The February 2018 sale price of £205,000 represented a fair market value for the property.
• The size, condition, and specification of 7 FORTHVRAS has not materially changed since February 2018.

How Large is 7 FORTHVRAS?

7 FORTHVRAS is 87m², which includes two extensions, according to the EPC inspection conducted in October 2017. This puts it in the smallest 40% of semi-detached houses houses in Illogan, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Illogan, and where 7 FORTHVRAS lies on this distribution: 39% of semi-detached houses houses are smaller than 7 FORTHVRAS, and 61% of houses are larger. Note that EPC data is not available for all properties in Illogan.

7 FORTHVRAS: Plot and Title Map

7 FORTHVRAS sits on a plot of roughly 0.079 of an acre, or 320m². The below map shows the location of 7 FORTHVRAS, 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 7 FORTHVRAS). 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 7 FORTHVRAS?

7 FORTHVRAS is located in ILLOGAN DOWNS, in the TR15 postcode district. The below map shows the position of No. 7 on FORTHVRAS.