CHILCHES, LEWMAN CLOSE, PROBUS, TRURO, TR2 4LN - £268,000

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.

CHILCHES is a midsized detached house of 93m², built sometime between 1996 and 2002, which could now be worth an estimated £428,854. It was last sold for £268,000 in February 2010, which was around 2% below the average February 2010 detached price in the Cornwall local authority area. The most recent EPC inspection was October 2009, where the current energy rating was C, and the potential energy rating was C.

CHILCHES Sold Prices

Land registry data shows two sales for CHILCHES 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. One of the two CHILCHES 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
2010 12 FEB	£268,000	£273,235	2% below HPI
1998 3 MAR	£120,000	£87,852	37% above HPI

CHILCHES 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 CHILCHES sales from March 1998 and February 2010 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 March 1998 sale was for 37% above the HPI. So the extrapolation line tracks at 37% above the HPI over time, until the February 2010 sale, where it falls to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might CHILCHES be worth now?

CHILCHES might now be worth an estimated £428,854.

This is based on house price inflation of 60%, between February 2010 and February 2025, for 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 60% inflationary increase is applied to the most recent sale price for CHILCHES of £268,000 on 12th February 2010. For the value to have increased from £268,000 to £428,854 over the fifteen years to February 2025, the following assumptions must hold true:

• The value of CHILCHES has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The February 2010 sale price of £268,000 represented a fair market value for the property.
• The size, condition, and specification of CHILCHES has not materially changed since February 2010.

How Large is CHILCHES?

CHILCHES is 93m² according to the EPC inspection conducted in October 2009. This puts it in the smallest 50% of detached houses houses in Probus, based on EPC data. The below chart shows the distribution of detached houses houses by size in Probus, and where CHILCHES lies on this distribution: 44% of detached houses houses are smaller than CHILCHES, and 56% of houses are larger. Note that EPC data is not available for all properties in Probus.

CHILCHES: Plot and Title Map

CHILCHES sits on a plot of roughly 0.150 of an acre, or 608m². The below map shows the location of CHILCHES, 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 CHILCHES). 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 CHILCHES?

CHILCHES is located on LEWMAN CLOSE in PROBUS, in the TR2 postcode district. The below map shows the position of CHILCHES on LEWMAN CLOSE.