SHIRAH, HIGHWAY LANE, REDRUTH, TR15 1SE - £233,000

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.

SHIRAH is a very large extended detached house of 123m², built sometime between 1967 and 1975, which could now be worth an estimated £357,100. It was last sold for £233,000 in July 2011, which was around 14% below the average July 2011 detached price in the Cornwall local authority area. The most recent EPC inspection was February 2011, where the current energy rating was D, and the potential energy rating was D.

SHIRAH Sold Prices

Land registry data shows four sales for SHIRAH since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. All of the four SHIRAH 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
2011 15 JUL	£233,000	£272,094	14% below HPI
2002 7 OCT	£165,000	£183,410	10% below HPI
1997 23 MAY	£74,000	£78,773	6% below HPI
1995 7 APR	£71,000	£71,525	1% below HPI

SHIRAH 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 four SHIRAH sales between April 1995 and July 2011 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 October 2002 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the July 2011 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might SHIRAH be worth now?

SHIRAH might now be worth an estimated £357,100.

This is based on house price inflation of 53.3%, between July 2011 and June 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 53.3% inflationary increase is applied to the most recent sale price for SHIRAH of £233,000 on 15th July 2011. For the value to have increased from £233,000 to £357,100 over the fourteen years and one month to June 2025, the following assumptions must hold true:

• The value of SHIRAH has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The July 2011 sale price of £233,000 represented a fair market value for the property.
• The size, condition, and specification of SHIRAH has not materially changed since July 2011.

How Large is SHIRAH?

SHIRAH is 123m², which includes one extension, according to the EPC inspection conducted in February 2011. This puts it in the largest 20% of detached houses houses in Redruth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Redruth, and where SHIRAH lies on this distribution: 81% of detached houses houses are smaller than SHIRAH, and 19% of houses are larger. Note that EPC data is not available for all properties in Redruth.

SHIRAH: Plot and Title Map

SHIRAH sits on a plot of roughly 0.174 of an acre, or 704m². The below map shows the location of SHIRAH, 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 SHIRAH). 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 SHIRAH?

SHIRAH is located on HIGHWAY LANE in REDRUTH, in the TR15 postcode district. The below map shows the position of SHIRAH on HIGHWAY LANE.