THE CLOSE, WEST TREWIRGIE ROAD, REDRUTH, TR15 2TJ - £250,000

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.

THE CLOSE is a large detached house of 99m², built sometime between 1950 and 1966, which could now be worth an estimated £402,110. It was last sold for £250,000 in September 2012, which was around 9% below the average September 2012 detached price in the Cornwall local authority area. The most recent EPC inspection was February 2011, where the current energy rating was E, and the potential energy rating was E.

THE CLOSE Sold Prices

Land registry data shows three sales for THE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. Two of the three THE CLOSE sales were for below the average price, whilst one was 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
2012 21 SEP	£250,000	£274,275	9% below HPI
2005 28 OCT	£290,000	£266,802	9% above HPI
2004 8 OCT	£205,000	£259,395	21% below HPI

THE CLOSE 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 three THE CLOSE sales between October 2004 and September 2012 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 2005 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the September 2012 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might THE CLOSE be worth now?

THE CLOSE might now be worth an estimated £402,110.

This is based on house price inflation of 60.8%, between September 2012 and March 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 60.8% inflationary increase is applied to the most recent sale price for THE CLOSE of £250,000 on 21st September 2012. For the value to have increased from £250,000 to £402,110 over the thirteen years and six months to March 2025, the following assumptions must hold true:

• The value of THE CLOSE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The September 2012 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of THE CLOSE has not materially changed since September 2012.

How Large is THE CLOSE?

THE CLOSE is 99m² according to the EPC inspection conducted in February 2011. This puts it in the largest 40% 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 THE CLOSE lies on this distribution: 63% of detached houses houses are smaller than THE CLOSE, and 37% of houses are larger. Note that EPC data is not available for all properties in Redruth.

THE CLOSE: Plot and Title Map

THE CLOSE sits on a plot of roughly 0.206 of an acre, or 835m². The below map shows the location of THE CLOSE, 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 THE CLOSE). 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 THE CLOSE?

THE CLOSE is located on WEST TREWIRGIE ROAD in REDRUTH, in the TR15 postcode district. The below map shows the position of THE CLOSE on WEST TREWIRGIE ROAD.