SOMERLEIGH, GEW TERRACE, REDRUTH, TR15 1PF - £255,250

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.

SOMERLEIGH is a very large extended semi-detached house of 150m², built sometime between 1900 and 1929, which could now be worth an estimated £314,218. It was last sold for £255,250 in November 2018, which was around 15% above the average November 2018 semi-detached price in the Cornwall local authority area. The most recent EPC inspection was July 2018, where the current energy rating was D, and the potential energy rating was B.

SOMERLEIGH Sold Prices

Land registry data shows three sales for SOMERLEIGH since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Cornwall local authority area for the corresponding sale date. One of the three SOMERLEIGH sales was for above the average price, whilst two 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
2018 9 NOV	£255,250	£222,678	15% above HPI
2010 19 NOV	£117,000	£187,870	38% below HPI
2000 15 FEB	£55,000	£65,329	16% below HPI

SOMERLEIGH Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Cornwall local authority area over time, sourced from the HPI. The three SOMERLEIGH sales between February 2000 and November 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 November 2010 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the November 2018 sale, where it rises to 15% above the HPI. The line then continues to track at 15% above the HPI.

What might SOMERLEIGH be worth now?

SOMERLEIGH might now be worth an estimated £314,218.

This is based on house price inflation of 23.1%, between November 2018 and June 2025, for semi-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 23.1% inflationary increase is applied to the most recent sale price for SOMERLEIGH of £255,250 on 9th November 2018. For the value to have increased from £255,250 to £314,218 over the seven years and five months to June 2025, the following assumptions must hold true:

• The value of SOMERLEIGH has moved in line with the HPI for semi-detached houses in the Cornwall local authority area.
• The November 2018 sale price of £255,250 represented a fair market value for the property.
• The size, condition, and specification of SOMERLEIGH has not materially changed since November 2018.

How Large is SOMERLEIGH?

SOMERLEIGH is 150m², which includes one extension, according to the EPC inspection conducted in July 2018. This puts it in the largest 20% of semi-detached houses houses in Redruth, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Redruth, and where SOMERLEIGH lies on this distribution: 89% of semi-detached houses houses are smaller than SOMERLEIGH, and 11% of houses are larger. Note that EPC data is not available for all properties in Redruth.

SOMERLEIGH: Plot and Title Map

SOMERLEIGH sits on a plot of roughly 0.055 of an acre, or 222m². The below map shows the location of SOMERLEIGH, 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 SOMERLEIGH). 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 SOMERLEIGH?

SOMERLEIGH is located on GEW TERRACE in REDRUTH, in the TR15 postcode district. The below map shows the position of SOMERLEIGH on GEW TERRACE.