1, PENLEE CLOSE, PRAA SANDS, PENZANCE, TR20 9SR - £522,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 PENLEE CLOSE is a very large detached house of 199m², built sometime between 1976 and 1982, which could now be worth an estimated £726,228. It was last sold for £522,500 in March 2017, which was around 66% above the average March 2017 detached price in the Cornwall local authority area. The most recent EPC inspection was July 2014, where the current energy rating was E, and the potential energy rating was C.

1 PENLEE CLOSE Sold Prices

Land registry data shows four sales for 1 PENLEE CLOSE 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 1 PENLEE CLOSE 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
2017 8 MAR	£522,500	£314,575	66% above HPI
2010 26 MAY	£370,000	£284,550	30% above HPI
2003 21 MAY	£337,000	£208,837	61% above HPI
1999 14 JUN	£152,000	£96,549	57% above HPI

1 PENLEE 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 four 1 PENLEE CLOSE sales between June 1999 and March 2017 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 May 2010 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the March 2017 sale, where it rises to 66% above the HPI. The line then continues to track at 66% above the HPI.

What might 1 PENLEE CLOSE be worth now?

1 PENLEE CLOSE might now be worth an estimated £726,228.

This is based on house price inflation of 39%, between March 2017 and February 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 39% inflationary increase is applied to the most recent sale price for 1 PENLEE CLOSE of £522,500 on 8th March 2017. For the value to have increased from £522,500 to £726,228 over the eight years and one month to February 2025, the following assumptions must hold true:

• The value of 1 PENLEE CLOSE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The March 2017 sale price of £522,500 represented a fair market value for the property.
• The size, condition, and specification of 1 PENLEE CLOSE has not materially changed since March 2017.

How Large is 1 PENLEE CLOSE?

1 PENLEE CLOSE is 199m² according to the EPC inspection conducted in July 2014. This puts it in the largest 10% of detached houses houses in Germoe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Germoe, and where 1 PENLEE CLOSE lies on this distribution: 94% of detached houses houses are smaller than 1 PENLEE CLOSE, and 6% of houses are larger. Note that EPC data is not available for all properties in Germoe.

1 PENLEE CLOSE: Plot and Title Map

1 PENLEE CLOSE sits on a plot of roughly 351.6 acres, or 1,422,725m². The below map shows the location of 1 PENLEE 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 1 PENLEE 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 1 PENLEE CLOSE?

1 PENLEE CLOSE is located in PRAA SANDS, in the TR20 postcode district. The below map shows the position of No. 1 on PENLEE CLOSE.