47, PENNANCE PARC, LANNER, REDRUTH, TR16 5TY - £280,000

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.

47 PENNANCE PARC is a large detached house of 103m², built sometime between 1996 and 2002, which could now be worth an estimated £363,148. It was last sold for £280,000 in August 2018, which was around 17% below the average August 2018 detached price in the Cornwall local authority area. The most recent EPC inspection was April 2010, where the current energy rating was E, and the potential energy rating was E.

47 PENNANCE PARC Sold Prices

Land registry data shows three sales for 47 PENNANCE PARC 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 47 PENNANCE PARC 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
2018 10 AUG	£280,000	£337,121	17% below HPI
2011 11 AUG	£185,000	£275,174	33% below HPI
2002 21 FEB	£120,000	£148,606	19% below HPI

47 PENNANCE PARC 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 47 PENNANCE PARC sales between February 2002 and August 2018 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 August 2011 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the August 2018 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 47 PENNANCE PARC be worth now?

47 PENNANCE PARC might now be worth an estimated £363,148.

This is based on house price inflation of 29.7%, between August 2018 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 29.7% inflationary increase is applied to the most recent sale price for 47 PENNANCE PARC of £280,000 on 10th August 2018. For the value to have increased from £280,000 to £363,148 over the seven years and six months to February 2025, the following assumptions must hold true:

• The value of 47 PENNANCE PARC has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The August 2018 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of 47 PENNANCE PARC has not materially changed since August 2018.

How Large is 47 PENNANCE PARC?

47 PENNANCE PARC is 103m² according to the EPC inspection conducted in April 2010. This puts it in the largest 40% of detached houses houses in Lanner, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lanner, and where 47 PENNANCE PARC lies on this distribution: 61% of detached houses houses are smaller than 47 PENNANCE PARC, and 39% of houses are larger. Note that EPC data is not available for all properties in Lanner.

47 PENNANCE PARC: Plot and Title Map

47 PENNANCE PARC sits on a plot of roughly 0.062 of an acre, or 250m². The below map shows the location of 47 PENNANCE PARC, 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 47 PENNANCE PARC). 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 47 PENNANCE PARC?

47 PENNANCE PARC is located in LANNER, in the TR16 postcode district. The below map shows the position of No. 47 on PENNANCE PARC.