7, THE SQUARE, GRAMPOUND ROAD, TRURO, TR2 4DT - £171,500

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.

7 THE SQUARE is a very small extended terraced house of 62m², built sometime between 2003 and 2006, which could now be worth an estimated £191,502. It was last sold for £171,500 in February 2021, which was around 17% below the average February 2021 terraced price in the Cornwall local authority area. The most recent EPC inspection was October 2019, where the current energy rating was C, and the potential energy rating was B.

7 THE SQUARE Sold Prices

Land registry data shows two sales for 7 THE SQUARE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Cornwall local authority area for the corresponding sale date. One of the two 7 THE SQUARE sales was for below the average price, whilst the other was for above 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
2021 26 FEB	£171,500	£206,514	17% below HPI
2004 6 APR	£136,500	£124,298	10% above HPI

7 THE SQUARE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Cornwall local authority area over time, sourced from the HPI. The two 7 THE SQUARE sales from April 2004 and February 2021 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 2004 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the February 2021 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 7 THE SQUARE be worth now?

7 THE SQUARE might now be worth an estimated £191,502.

This is based on house price inflation of 11.7%, between February 2021 and May 2026, for terraced 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 11.7% inflationary increase is applied to the most recent sale price for 7 THE SQUARE of £171,500 on 26th February 2021. For the value to have increased from £171,500 to £191,502 over the four years and nine months to May 2026, the following assumptions must hold true:

• The value of 7 THE SQUARE has moved in line with the HPI for terraced houses in the Cornwall local authority area.
• The February 2021 sale price of £171,500 represented a fair market value for the property.
• The size, condition, and specification of 7 THE SQUARE has not materially changed since February 2021.

How Large is 7 THE SQUARE?

7 THE SQUARE is 62m², which includes one extension, according to the EPC inspection conducted in October 2019. This puts it in the smallest 10% of terraced houses houses in Grampound Road, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Grampound Road, and where 7 THE SQUARE lies on this distribution: 9% of terraced houses houses are smaller than 7 THE SQUARE, and 91% of houses are larger. Note that EPC data is not available for all properties in Grampound Road.

7 THE SQUARE: Plot and Title Map

7 THE SQUARE sits on a plot of roughly 0.029 of an acre, or 117m². The below map shows the location of 7 THE SQUARE, 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 THE SQUARE). 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 THE SQUARE?

7 THE SQUARE is located in GRAMPOUND ROAD, in the TR2 postcode district. The below map shows the position of No. 7 on THE SQUARE.