CASITA, SCHOOL LANE, REDRUTH, TR15 2DU - £245,000

CASITA is a midsized extended detached house of 85m², built sometime between 1950 and 1966. It was last sold for £245,000 in May 2021, which was around 35% below the average May 2021 detached price in the Cornwall local authority area. The most recent EPC inspection was July 2020, where the current energy rating was E, and the potential energy rating was C.

CASITA Sold Prices

Land registry data shows two sales for CASITA 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 CASITA 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
2021 28 MAY	£245,000	£375,609	35% below HPI
2002 11 DEC	£162,250	£193,083	16% below HPI

CASITA 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 CASITA sales from December 2002 and May 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 December 2002 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the May 2021 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is CASITA?

CASITA is 85m², which includes three extensions, according to the EPC inspection conducted in July 2020. This puts it in the smallest 50% of detached houses in Redruth, based on EPC data. The below chart shows the distribution of detached houses by size in Redruth, and where CASITA lies on this distribution: 46% of detached houses are smaller than CASITA, and 53% of houses are larger. Note that EPC data is not available for all properties in Redruth.

CASITA: Plot and Title Map

CASITA sits on a plot of roughly 0.139 of an acre, or 562m². The below map shows the location of CASITA, 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 CASITA). 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 CASITA?

CASITA is located on SCHOOL LANE in REDRUTH, in the TR15 postcode district. The below map shows the position of CASITA on SCHOOL LANE.