STEP-A-SIDE, THE SQUARE, GRAMPOUND ROAD, TRURO, TR2 4DT - £230,000

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.

STEP-A-SIDE is a very small detached house of 60m², built sometime between 1967 and 1975, which could now be worth an estimated £289,251. It was last sold for £230,000 in September 2018, which was around 33% below the average September 2018 detached price in the Cornwall local authority area. The most recent EPC inspection was August 2018, where the current energy rating was D, and the potential energy rating was B.

STEP-A-SIDE Sold Prices

Land registry data shows two sales for STEP-A-SIDE 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 STEP-A-SIDE 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
2018 21 SEP	£230,000	£340,810	33% below HPI
2007 19 JAN	£160,000	£286,962	44% below HPI

STEP-A-SIDE 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 STEP-A-SIDE sales from January 2007 and September 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 January 2007 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the September 2018 sale, where it rises to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might STEP-A-SIDE be worth now?

STEP-A-SIDE might now be worth an estimated £289,251.

This is based on house price inflation of 25.8%, between September 2018 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 25.8% inflationary increase is applied to the most recent sale price for STEP-A-SIDE of £230,000 on 21st September 2018. For the value to have increased from £230,000 to £289,251 over the eight years and four months to May 2026, the following assumptions must hold true:

• The value of STEP-A-SIDE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The September 2018 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of STEP-A-SIDE has not materially changed since September 2018.

How Large is STEP-A-SIDE?

STEP-A-SIDE is 60m² according to the EPC inspection conducted in August 2018. This puts it in the smallest 10% of detached houses in Grampound Road, based on EPC data. The below chart shows the distribution of detached houses by size in Grampound Road, and where STEP-A-SIDE lies on this distribution: 4% of detached houses are smaller than STEP-A-SIDE, and 96% of detached houses are larger. Note that EPC data is not available for all properties in Grampound Road.

STEP-A-SIDE: Plot and Title Map

STEP-A-SIDE sits on a plot of roughly 0.153 of an acre, or 619m². The below map shows the location of STEP-A-SIDE, 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 STEP-A-SIDE). 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.