2, PENWETHERS LANE, TRURO, TR1 3PW - £247,500

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

2 PENWETHERS LANE is a midsized extended detached house of 109m², built sometime between 1930 and 1949, which could now be worth an estimated £352,296. It was last sold for £247,500 in December 2015, which was around 21% below the average December 2015 detached price in the Cornwall local authority area. The most recent EPC inspection was December 2014, where the current energy rating was D, and the potential energy rating was B.

2 PENWETHERS LANE Sold Prices

Land registry data shows three sales for 2 PENWETHERS LANE 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 2 PENWETHERS LANE 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
2015 2 DEC	£247,500	£311,927	21% below HPI
2006 28 APR	£225,000	£268,121	16% below HPI
1999 22 OCT	£74,950	£101,896	26% below HPI

2 PENWETHERS LANE 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 2 PENWETHERS LANE sales between October 1999 and December 2015 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 April 2006 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the December 2015 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 2 PENWETHERS LANE be worth now?

2 PENWETHERS LANE might now be worth an estimated £352,296.

This is based on house price inflation of 42.3%, between December 2015 and December 2024, 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 42.3% inflationary increase is applied to the most recent sale price for 2 PENWETHERS LANE of £247,500 on 2nd December 2015. For the value to have increased from £247,500 to £352,296 over the nine years to December 2024, the following assumptions must hold true:

• The value of 2 PENWETHERS LANE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The December 2015 sale price of £247,500 represented a fair market value for the property.
• The size, condition, and specification of 2 PENWETHERS LANE has not materially changed since December 2015.

How Large is 2 PENWETHERS LANE?

2 PENWETHERS LANE is 109m², which includes two extensions, according to the EPC inspection conducted in December 2014. This puts it in the smallest 50% of detached houses houses in Truro, based on EPC data. The below chart shows the distribution of detached houses houses by size in Truro, and where 2 PENWETHERS LANE lies on this distribution: 42% of detached houses houses are smaller than 2 PENWETHERS LANE, and 58% of houses are larger. Note that EPC data is not available for all properties in Truro.

2 PENWETHERS LANE: Plot and Title Map

2 PENWETHERS LANE sits on a plot of roughly 0.093 of an acre, or 378m². The below map shows the location of 2 PENWETHERS LANE, 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 2 PENWETHERS LANE). 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 2 PENWETHERS LANE?

2 PENWETHERS LANE is located in TRURO, in the TR1 postcode district. The below map shows the position of No. 2 on PENWETHERS LANE.