4, HILL CLOSE, PENZANCE, TR18 3JX - £245,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

4 HILL CLOSE is a very small extended detached house of 71m², built sometime between 1967 and 1975. It was last sold for £245,000 in February 2013, which was around 8% below the average February 2013 detached price in the Cornwall local authority area. The most recent EPC inspection was August 2009, where the current energy rating was D, and the potential energy rating was C.

4 HILL CLOSE Sold Prices

Land registry data shows two sales for 4 HILL CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. Both of the two 4 HILL CLOSE 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
2013 6 FEB	£245,000	£266,912	8% below HPI
2010 2 JUL	£194,000	£276,747	30% below HPI

4 HILL 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 two 4 HILL CLOSE sales from July 2010 and February 2013 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 July 2010 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the February 2013 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is 4 HILL CLOSE?

4 HILL CLOSE is 71m², which includes one extension, according to the EPC inspection conducted in August 2009. This puts it in the smallest 20% of detached houses in Penzance, based on EPC data. The below chart shows the distribution of detached houses by size in Penzance, and where 4 HILL CLOSE lies on this distribution: 13% of detached houses are smaller than 4 HILL CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Penzance.

4 HILL CLOSE: Plot and Title Map

4 HILL CLOSE sits on a plot of roughly 0.153 of an acre, or 620m². The below map shows the location of 4 HILL 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 4 HILL 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 4 HILL CLOSE?

4 HILL CLOSE is located in PENZANCE, in the TR18 postcode district. The below map shows the position of No. 4 on HILL CLOSE.