MEADOWSMEDE, FORE STREET, PROBUS, TRURO, TR2 4JL - £382,000

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.

MEADOWSMEDE is a very large extended terraced house of 130m², built sometime before 1900, which could now be worth an estimated £485,276. It was last sold for £382,000 in October 2018, which was around 110% above the average October 2018 terraced price in the Cornwall local authority area. The most recent EPC inspection was July 2018, where the current energy rating was E, and the potential energy rating was C.

MEADOWSMEDE Sold Prices

Land registry data shows three sales for MEADOWSMEDE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Cornwall local authority area for the corresponding sale date. All of the three MEADOWSMEDE 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
2018 15 OCT	£382,000	£181,524	110% above HPI
2007 4 JUL	£299,950	£166,910	80% above HPI
2006 15 SEP	£180,000	£156,144	15% above HPI

MEADOWSMEDE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Cornwall local authority area over time, sourced from the HPI. The three MEADOWSMEDE sales between September 2006 and October 2018 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 2007 sale was for 80% above the HPI. So the extrapolation line tracks at 80% above the HPI over time, until the October 2018 sale, where it rises to 110% above the HPI. The line then continues to track at 110% above the HPI.

What might MEADOWSMEDE be worth now?

MEADOWSMEDE might now be worth an estimated £485,276.

This is based on house price inflation of 27%, between October 2018 and May 2026, for terraced 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 27% inflationary increase is applied to the most recent sale price for MEADOWSMEDE of £382,000 on 15th October 2018. For the value to have increased from £382,000 to £485,276 over the eight years and five months to May 2026, the following assumptions must hold true:

• The value of MEADOWSMEDE has moved in line with the HPI for terraced houses in the Cornwall local authority area.
• The October 2018 sale price of £382,000 represented a fair market value for the property.
• The size, condition, and specification of MEADOWSMEDE has not materially changed since October 2018.

How Large is MEADOWSMEDE?

MEADOWSMEDE is 130m², which includes three extensions, according to the EPC inspection conducted in July 2018. This puts it in the largest 20% of terraced houses houses in Probus, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Probus, and where MEADOWSMEDE lies on this distribution: 82% of terraced houses houses are smaller than MEADOWSMEDE, and 18% of houses are larger. Note that EPC data is not available for all properties in Probus.

MEADOWSMEDE: Plot and Title Map

MEADOWSMEDE sits on a plot of roughly 0.107 of an acre, or 433m². The below map shows the location of MEADOWSMEDE, 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 MEADOWSMEDE). 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 MEADOWSMEDE?

MEADOWSMEDE is located on FORE STREET in PROBUS, in the TR2 postcode district. The below map shows the position of MEADOWSMEDE on FORE STREET.