MAWARRA, LOWER BROAD LANE, REDRUTH, TR15 3HT - £205,000

MAWARRA is a very small detached house of 61m², built sometime between 2003 and 2006. It was last sold for £205,000 in February 2016, which was around 32% below the average February 2016 detached price in the Cornwall local authority area. The most recent EPC inspection was January 2012, where the current energy rating was C, and the potential energy rating was C.

MAWARRA Sold Prices

Land registry data shows three sales for MAWARRA since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. All of the three MAWARRA 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
2016 24 FEB	£205,000	£301,849	32% below HPI
2013 24 JUL	£176,000	£274,255	36% below HPI
2009 4 DEC	£190,000	£266,202	29% below HPI

MAWARRA 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 three MAWARRA sales between December 2009 and February 2016 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 July 2013 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the February 2016 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is MAWARRA?

MAWARRA is 61m² according to the EPC inspection conducted in January 2012. This puts it in the smallest 10% of detached houses in Illogan, based on EPC data. The below chart shows the distribution of detached houses by size in Illogan, and where MAWARRA lies on this distribution: 6% of detached houses are smaller than MAWARRA, and 94% of houses are larger. Note that EPC data is not available for all properties in Illogan.

MAWARRA: Plot and Title Map

MAWARRA sits on a plot of roughly 0.054 of an acre, or 217m². The below map shows the location of MAWARRA, 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 MAWARRA). 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 MAWARRA?

MAWARRA is located on LOWER BROAD LANE in REDRUTH, in the TR15 postcode district. The below map shows the position of MAWARRA on LOWER BROAD LANE.