5, MAY GARDENS, LANNER, REDRUTH, TR16 6AR - £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.

5 MAY GARDENS is a detached house, which could now be worth an estimated £287,930. It was last sold for £230,000 in July 2019, which was around 33% below the average July 2019 detached price in the Cornwall local authority area.

5 MAY GARDENS Sold Prices

Land registry data shows four sales for 5 MAY GARDENS 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 5 MAY GARDENS 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
2019 9 JUL	£230,000	£342,374	33% below HPI
2014 16 DEC	£185,000	£293,788	37% below HPI
2006 1 SEP	£178,000	£280,018	36% below HPI
1996 19 JUL	£49,500	£72,533	32% below HPI

What might 5 MAY GARDENS be worth now?

5 MAY GARDENS might now be worth an estimated £287,930.

This is based on house price inflation of 25.2%, between July 2019 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 25.2% inflationary increase is applied to the most recent sale price for 5 MAY GARDENS of £230,000 on 9th July 2019. For the value to have increased from £230,000 to £287,930 over the seven years and two months to May 2026, the following assumptions must hold true:

• The value of 5 MAY GARDENS has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The July 2019 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of 5 MAY GARDENS has not materially changed since July 2019.

Where is 5 MAY GARDENS?

5 MAY GARDENS is located in LANNER, in the TR16 postcode district.