TRANQUILITY, BREWERY HILL, LELANT, ST IVES, TR26 3LN - £241,500

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.

TRANQUILITY is a small detached house of 97m², built sometime between 1950 and 1966, which could now be worth an estimated £308,473. It was last sold for £241,500 in July 2018, which was around 28% below the average July 2018 detached price in the Cornwall local authority area. The most recent EPC inspection was November 2017, where the current energy rating was D, and the potential energy rating was C.

TRANQUILITY Sold Prices

Land registry data shows four sales for TRANQUILITY 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 TRANQUILITY 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 9 JUL	£241,500	£335,551	28% below HPI
2005 7 OCT	£257,000	£266,802	4% below HPI
2003 11 SEP	£177,500	£221,521	20% below HPI
1997 20 OCT	£69,000	£86,426	20% below HPI

TRANQUILITY 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 four TRANQUILITY sales between October 1997 and July 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 October 2005 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the July 2018 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might TRANQUILITY be worth now?

TRANQUILITY might now be worth an estimated £308,473.

This is based on house price inflation of 27.7%, between July 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 27.7% inflationary increase is applied to the most recent sale price for TRANQUILITY of £241,500 on 9th July 2018. For the value to have increased from £241,500 to £308,473 over the eight years and two months to May 2026, the following assumptions must hold true:

• The value of TRANQUILITY has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The July 2018 sale price of £241,500 represented a fair market value for the property.
• The size, condition, and specification of TRANQUILITY has not materially changed since July 2018.

How Large is TRANQUILITY?

TRANQUILITY is 97m² according to the EPC inspection conducted in November 2017. This puts it in the smallest 30% of detached houses houses in Lelant, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lelant, and where TRANQUILITY lies on this distribution: 22% of detached houses houses are smaller than TRANQUILITY, and 76% of houses are larger. Note that EPC data is not available for all properties in Lelant.

TRANQUILITY: Plot and Title Map

TRANQUILITY sits on a plot of roughly 0.100 of an acre, or 403m². The below map shows the location of TRANQUILITY, 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 TRANQUILITY). 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 TRANQUILITY?

TRANQUILITY is located on BREWERY HILL in LELANT, in the TR26 postcode district. The below map shows the position of TRANQUILITY on BREWERY HILL.