4, READ CLOSE, PENRYN, TR10 8SE - £420,000

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 READ CLOSE is a small detached house of 90m², built sometime between 2003 and 2006. It was last sold for £420,000 in August 2023, which was around 5% below the average August 2023 detached price in the Cornwall local authority area. The most recent EPC inspection was March 2023, where the current energy rating was C, and the potential energy rating was B.

4 READ CLOSE Sold Prices

Land registry data shows three sales for 4 READ 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. All of the three 4 READ 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
2023 30 AUG	£420,000	£443,993	5% below HPI
2006 12 MAY	£245,000	£267,838	9% below HPI
2004 25 AUG	£230,000	£252,056	9% below HPI

4 READ 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 4 READ CLOSE sales between August 2004 and August 2023 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 2006 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the August 2023 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is 4 READ CLOSE?

4 READ CLOSE is 90m² according to the EPC inspection conducted in March 2023. This puts it in the smallest 40% of detached houses in Penryn, based on EPC data. The below chart shows the distribution of detached houses by size in Penryn, and where 4 READ CLOSE lies on this distribution: 36% of detached houses are smaller than 4 READ CLOSE, and 62% of houses are larger. Note that EPC data is not available for all properties in Penryn.

4 READ CLOSE: Plot and Title Map

4 READ CLOSE sits on a plot of roughly 0.104 of an acre, or 419m². The below map shows the location of 4 READ 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 READ 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 READ CLOSE?

4 READ CLOSE is located in PENRYN, in the TR10 postcode district. The below map shows the position of No. 4 on READ CLOSE.