3, CASTLE HORNECK CLOSE, PENZANCE, TR18 4XB - £385,000

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.

3 CASTLE HORNECK CLOSE is a very large detached house of 160m², built sometime between 1996 and 2002, which could now be worth an estimated £627,749. It was last sold for £385,000 in November 2009, which was around 44% above the average November 2009 detached price in the Cornwall local authority area. The most recent EPC inspection was July 2009, where the current energy rating was C, and the potential energy rating was C.

3 CASTLE HORNECK CLOSE Sold Prices

Land registry data shows three sales for 3 CASTLE HORNECK 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 3 CASTLE HORNECK CLOSE sales were for above the average price, whilst one was 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
2009 5 NOV	£385,000	£268,155	44% above HPI
2003 6 JUN	£250,000	£213,926	17% above HPI
1997 24 JUN	£28,500	£80,742	65% below HPI

3 CASTLE HORNECK 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 3 CASTLE HORNECK CLOSE sales between June 1997 and November 2009 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 June 2003 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the November 2009 sale, where it rises to 44% above the HPI. The line then continues to track at 44% above the HPI.

What might 3 CASTLE HORNECK CLOSE be worth now?

3 CASTLE HORNECK CLOSE might now be worth an estimated £627,749.

This is based on house price inflation of 63.1%, between November 2009 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 63.1% inflationary increase is applied to the most recent sale price for 3 CASTLE HORNECK CLOSE of £385,000 on 5th November 2009. For the value to have increased from £385,000 to £627,749 over the sixteen years and nine months to February 2025, the following assumptions must hold true:

• The value of 3 CASTLE HORNECK CLOSE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The November 2009 sale price of £385,000 represented a fair market value for the property.
• The size, condition, and specification of 3 CASTLE HORNECK CLOSE has not materially changed since November 2009.

How Large is 3 CASTLE HORNECK CLOSE?

3 CASTLE HORNECK CLOSE is 160m² according to the EPC inspection conducted in July 2009. This puts it in the largest 20% of detached houses houses in Penzance, based on EPC data. The below chart shows the distribution of detached houses houses by size in Penzance, and where 3 CASTLE HORNECK CLOSE lies on this distribution: 83% of detached houses houses are smaller than 3 CASTLE HORNECK CLOSE, and 17% of houses are larger. Note that EPC data is not available for all properties in Penzance.

3 CASTLE HORNECK CLOSE: Plot and Title Map

3 CASTLE HORNECK CLOSE sits on a plot of roughly 0.111 of an acre, or 449m². The below map shows the location of 3 CASTLE HORNECK 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 3 CASTLE HORNECK 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 3 CASTLE HORNECK CLOSE?

3 CASTLE HORNECK CLOSE is located in PENZANCE, in the TR18 postcode district. The below map shows the position of No. 3 on CASTLE HORNECK CLOSE.