GERRANS, PERRANWELL STATION, TRURO, TR3 7JX - £427,500

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.

GERRANS is a small extended detached house of 118m², built sometime between 1950 and 1966, which could now be worth an estimated £652,341. It was last sold for £427,500 in January 2014, which was around 52% above the average January 2014 detached price in the Cornwall local authority area. The most recent EPC inspection was June 2012, where the current energy rating was C, and the potential energy rating was B.

GERRANS Sold Prices

Land registry data shows two sales for GERRANS 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 GERRANS sales were 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
2014 24 JAN	£427,500	£280,880	52% above HPI
2002 18 MAR	£190,000	£151,663	25% above HPI

GERRANS 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 GERRANS sales from March 2002 and January 2014 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 2002 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the January 2014 sale, where it rises to 52% above the HPI. The line then continues to track at 52% above the HPI.

What might GERRANS be worth now?

GERRANS might now be worth an estimated £652,341.

This is based on house price inflation of 52.6%, between January 2014 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 52.6% inflationary increase is applied to the most recent sale price for GERRANS of £427,500 on 24th January 2014. For the value to have increased from £427,500 to £652,341 over the eleven years and eight months to May 2026, the following assumptions must hold true:

• The value of GERRANS has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The January 2014 sale price of £427,500 represented a fair market value for the property.
• The size, condition, and specification of GERRANS has not materially changed since January 2014.

How Large is GERRANS?

GERRANS is 118m², which includes two extensions, according to the EPC inspection conducted in June 2012. This puts it in the smallest 30% of detached houses houses in Perranwell, based on EPC data. The below chart shows the distribution of detached houses houses by size in Perranwell, and where GERRANS lies on this distribution: 30% of detached houses houses are smaller than GERRANS, and 69% of houses are larger. Note that EPC data is not available for all properties in Perranwell.

GERRANS: Plot and Title Map

GERRANS sits on a plot of roughly 0.317 of an acre, or 1,281m². The below map shows the location of GERRANS, 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 GERRANS). 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 GERRANS?

GERRANS is located in PERRANWELL STATION, in the TR3 postcode district. The below map shows the position of GERRANS in PERRANWELL STATION.