SUN PATCH, WAGG LANE, PROBUS, TRURO, TR2 4JX - £472,500

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.

SUN PATCH is a large extended detached house of 121m², built sometime before 1900, which could now be worth an estimated £579,669. It was last sold for £472,500 in August 2019, which was around 37% above the average August 2019 detached price in the Cornwall local authority area. The most recent EPC inspection was April 2015, where the current energy rating was F, and the potential energy rating was C.

SUN PATCH Sold Prices

Land registry data shows two sales for SUN PATCH 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 SUN PATCH 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
2019 20 AUG	£472,500	£345,037	37% above HPI
2015 30 SEP	£425,000	£307,855	38% above HPI

SUN PATCH 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 SUN PATCH sales from September 2015 and August 2019 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 September 2015 sale was for 38% above the HPI. So the extrapolation line tracks at 38% above the HPI over time, until the August 2019 sale, where it falls to 37% above the HPI. The line then continues to track at 37% above the HPI.

What might SUN PATCH be worth now?

SUN PATCH might now be worth an estimated £579,669.

This is based on house price inflation of 22.7%, between August 2019 and April 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 22.7% inflationary increase is applied to the most recent sale price for SUN PATCH of £472,500 on 20th August 2019. For the value to have increased from £472,500 to £579,669 over the seven years and four months to April 2026, the following assumptions must hold true:

• The value of SUN PATCH has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The August 2019 sale price of £472,500 represented a fair market value for the property.
• The size, condition, and specification of SUN PATCH has not materially changed since August 2019.

How Large is SUN PATCH?

SUN PATCH is 121m², which includes three extensions, according to the EPC inspection conducted in April 2015. This puts it in the largest 30% of detached houses houses in Probus, based on EPC data. The below chart shows the distribution of detached houses houses by size in Probus, and where SUN PATCH lies on this distribution: 72% of detached houses houses are smaller than SUN PATCH, and 28% of houses are larger. Note that EPC data is not available for all properties in Probus.

SUN PATCH: Plot and Title Map

SUN PATCH sits on a plot of roughly 0.213 of an acre, or 861m². The below map shows the location of SUN PATCH, 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 SUN PATCH). 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 SUN PATCH?

SUN PATCH is located on WAGG LANE in PROBUS, in the TR2 postcode district. The below map shows the position of SUN PATCH on WAGG LANE.