8, CHARIOT ROAD, ILLOGAN HIGHWAY, REDRUTH, TR15 3LQ - £307,500

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.

8 CHARIOT ROAD is a very large extended semi-detached house of 135m², built sometime between 1900 and 1929, which could now be worth an estimated £390,097. It was last sold for £307,500 in March 2018, which was around 42% above the average March 2018 semi-detached price in the Cornwall local authority area. The most recent EPC inspection was November 2016, where the current energy rating was D, and the potential energy rating was B.

8 CHARIOT ROAD Sold Prices

Land registry data shows two sales for 8 CHARIOT ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Cornwall local authority area for the corresponding sale date. One of the two 8 CHARIOT ROAD sales was for above the average price, whilst the other was 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 5 MAR	£307,500	£216,080	42% above HPI
2012 12 NOV	£100,000	£178,248	44% below HPI

8 CHARIOT ROAD 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 two 8 CHARIOT ROAD sales from November 2012 and March 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 November 2012 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the March 2018 sale, where it rises to 42% above the HPI. The line then continues to track at 42% above the HPI.

What might 8 CHARIOT ROAD be worth now?

8 CHARIOT ROAD might now be worth an estimated £390,097.

This is based on house price inflation of 26.9%, between March 2018 and June 2025, 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 26.9% inflationary increase is applied to the most recent sale price for 8 CHARIOT ROAD of £307,500 on 5th March 2018. For the value to have increased from £307,500 to £390,097 over the six years and nine months to June 2025, the following assumptions must hold true:

• The value of 8 CHARIOT ROAD has moved in line with the HPI for semi-detached houses in the Cornwall local authority area.
• The March 2018 sale price of £307,500 represented a fair market value for the property.
• The size, condition, and specification of 8 CHARIOT ROAD has not materially changed since March 2018.

How Large is 8 CHARIOT ROAD?

8 CHARIOT ROAD is 135m², which includes two extensions, according to the EPC inspection conducted in November 2016. This puts it in the largest 20% of semi-detached houses houses in Redruth, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Redruth, and where 8 CHARIOT ROAD lies on this distribution: 85% of semi-detached houses houses are smaller than 8 CHARIOT ROAD, and 15% of houses are larger. Note that EPC data is not available for all properties in Redruth.

8 CHARIOT ROAD: Plot and Title Map

8 CHARIOT ROAD sits on a plot of roughly 294.5 acres, or 1,191,724m². The below map shows the location of 8 CHARIOT ROAD, 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 8 CHARIOT ROAD). 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 8 CHARIOT ROAD?

8 CHARIOT ROAD is located in ILLOGAN HIGHWAY, in the TR15 postcode district. The below map shows the position of No. 8 on CHARIOT ROAD.