FOUNDRY LEAZE, FOUNDRY HILL, STITHIANS, TRURO, TR3 7BT - £285,000

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.

FOUNDRY LEAZE is a very large detached house of 146m², built sometime between 1976 and 1982, which could now be worth an estimated £371,429. It was last sold for £285,000 in November 2017, which was around 13% below the average November 2017 detached price in the Cornwall local authority area. The most recent EPC inspection was February 2013, where the current energy rating was C, and the potential energy rating was B.

FOUNDRY LEAZE Sold Prices

Land registry data shows two sales for FOUNDRY LEAZE 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 FOUNDRY LEAZE 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
2017 27 NOV	£285,000	£328,873	13% below HPI
2000 14 MAR	£92,000	£106,842	14% below HPI

FOUNDRY LEAZE 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 FOUNDRY LEAZE sales from March 2000 and November 2017 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 2000 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the November 2017 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might FOUNDRY LEAZE be worth now?

FOUNDRY LEAZE might now be worth an estimated £371,429.

This is based on house price inflation of 30.3%, between November 2017 and May 2026, 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 30.3% inflationary increase is applied to the most recent sale price for FOUNDRY LEAZE of £285,000 on 27th November 2017. For the value to have increased from £285,000 to £371,429 over the nine years and six months to May 2026, the following assumptions must hold true:

• The value of FOUNDRY LEAZE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The November 2017 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of FOUNDRY LEAZE has not materially changed since November 2017.

How Large is FOUNDRY LEAZE?

FOUNDRY LEAZE is 146m² according to the EPC inspection conducted in February 2013. This puts it in the largest 20% of detached houses houses in Stithians, based on EPC data. The below chart shows the distribution of detached houses houses by size in Stithians, and where FOUNDRY LEAZE lies on this distribution: 81% of detached houses houses are smaller than FOUNDRY LEAZE, and 18% of houses are larger. Note that EPC data is not available for all properties in Stithians.

FOUNDRY LEAZE: Plot and Title Map

FOUNDRY LEAZE sits on a plot of roughly 0.084 of an acre, or 340m². The below map shows the location of FOUNDRY LEAZE, 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 FOUNDRY LEAZE). 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 FOUNDRY LEAZE?

FOUNDRY LEAZE is located on FOUNDRY HILL in STITHIANS, in the TR3 postcode district. The below map shows the position of FOUNDRY LEAZE on FOUNDRY HILL.