THE RECTORY, THE SQUARE, GERRANS, TRURO, TR2 5GA - £1,501,575

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 RECTORY is a large extended detached house of 141m², built sometime before 1900, which could now be worth an estimated £1,411,151. It was last sold for £1,501,575 in August 2022, which was around 235% above the average August 2022 detached price in the Cornwall local authority area. The most recent EPC inspection was June 2012, where the current energy rating was F, and the potential energy rating was C.

THE RECTORY Sold Prices

Land registry data shows three sales for THE RECTORY 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. All of the three THE RECTORY 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
2022 25 AUG	£1,501,575	£448,776	235% above HPI
2018 2 NOV	£895,000	£344,543	160% above HPI
2013 30 JUL	£575,000	£278,576	106% above HPI

THE RECTORY 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 RECTORY sales between July 2013 and August 2022 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 2018 sale was for 160% above the HPI. So the extrapolation line tracks at 160% above the HPI over time, until the August 2022 sale, where it rises to 235% above the HPI. The line then continues to track at 235% above the HPI.

What might THE RECTORY be worth now?

THE RECTORY might now be worth an estimated £1,411,151.

This is based on house price deflation of 6%, between August 2022 and July 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 6% deflationary decrease is applied to the most recent sale price for THE RECTORY of £1,501,575 on 25th August 2022. For the value to have decreased from £1,501,575 to £1,411,151 over the four years and one month to July 2026, the following assumptions must hold true:

• The value of THE RECTORY has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The August 2022 sale price of £1,501,575 represented a fair market value for the property.
• The size, condition, and specification of THE RECTORY has not materially changed since August 2022.

How Large is THE RECTORY?

THE RECTORY is 141m², which includes two extensions, according to the EPC inspection conducted in June 2012. This puts it in the largest 40% of detached houses houses in Gerrans, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gerrans, and where THE RECTORY lies on this distribution: 67% of detached houses houses are smaller than THE RECTORY, and 33% of houses are larger. Note that EPC data is not available for all properties in Gerrans.

Where is THE RECTORY?

THE RECTORY is located on THE SQUARE in GERRANS, in the TR2 postcode district. The below map shows the position of THE RECTORY on THE SQUARE.