5, LARIGGAN ROAD, PENZANCE, TR18 4NJ - £345,000

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.

5 LARIGGAN ROAD is a midsized extended detached house of 100m², built sometime between 1930 and 1949, which could now be worth an estimated £454,524. It was last sold for £345,000 in May 2018, which was around 4% above the average May 2018 detached price in the Cornwall local authority area. The most recent EPC inspection was August 2017, where the current energy rating was E, and the potential energy rating was B.

5 LARIGGAN ROAD Sold Prices

Land registry data shows two sales for 5 LARIGGAN ROAD 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. One of the two 5 LARIGGAN ROAD sales was for above the average price, whilst the other 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
2018 4 MAY	£345,000	£331,874	4% above HPI
1996 6 MAR	£57,000	£70,998	20% below HPI

5 LARIGGAN ROAD 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 5 LARIGGAN ROAD sales from March 1996 and May 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 March 1996 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the May 2018 sale, where it rises to 4% above the HPI. The line then continues to track at 4% above the HPI.

What might 5 LARIGGAN ROAD be worth now?

5 LARIGGAN ROAD might now be worth an estimated £454,524.

This is based on house price inflation of 31.7%, between May 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 31.7% inflationary increase is applied to the most recent sale price for 5 LARIGGAN ROAD of £345,000 on 4th May 2018. For the value to have increased from £345,000 to £454,524 over the seven years and three months to February 2025, the following assumptions must hold true:

• The value of 5 LARIGGAN ROAD has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The May 2018 sale price of £345,000 represented a fair market value for the property.
• The size, condition, and specification of 5 LARIGGAN ROAD has not materially changed since May 2018.

How Large is 5 LARIGGAN ROAD?

5 LARIGGAN ROAD is 100m², which includes one extension, according to the EPC inspection conducted in August 2017. This puts it in the smallest 50% 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 5 LARIGGAN ROAD lies on this distribution: 41% of detached houses houses are smaller than 5 LARIGGAN ROAD, and 58% of houses are larger. Note that EPC data is not available for all properties in Penzance.

5 LARIGGAN ROAD: Plot and Title Map

5 LARIGGAN ROAD sits on a plot of roughly 0.089 of an acre, or 362m². The below map shows the location of 5 LARIGGAN ROAD, 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 5 LARIGGAN ROAD). 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 5 LARIGGAN ROAD?

5 LARIGGAN ROAD is located in PENZANCE, in the TR18 postcode district. The below map shows the position of No. 5 on LARIGGAN ROAD.