6, PENNANCE PARC, LANNER, REDRUTH, TR16 5TY - £205,000

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

6 PENNANCE PARC is a midsized extended detached house of 91m², built sometime between 1996 and 2002. It was last sold for £205,000 in November 2011, which was around 25% below the average November 2011 detached price in the Cornwall local authority area. The most recent EPC inspection was March 2024, where the current energy rating was D, and the potential energy rating was C.

6 PENNANCE PARC Sold Prices

Land registry data shows four sales for 6 PENNANCE PARC since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. All of the four 6 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
2011 1 NOV	£205,000	£272,032	25% below HPI
2007 17 APR	£222,000	£283,992	22% below HPI
2004 22 SEP	£203,000	£257,040	21% below HPI
2001 6 JUL	£102,950	£128,745	20% below HPI

6 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 four 6 PENNANCE PARC sales between July 2001 and November 2011 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 April 2007 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the November 2011 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 6 PENNANCE PARC?

6 PENNANCE PARC is 91m², which includes one extension, according to the EPC inspection conducted in March 2024. This puts it in the largest 50% of detached houses in Lanner, based on EPC data. The below chart shows the distribution of detached houses by size in Lanner, and where 6 PENNANCE PARC lies on this distribution: 49% of detached houses are smaller than 6 PENNANCE PARC, and 49% of houses are larger. Note that EPC data is not available for all properties in Lanner.

6 PENNANCE PARC: Plot and Title Map

6 PENNANCE PARC sits on a plot of roughly 0.113 of an acre, or 457m². The below map shows the location of 6 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 6 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 6 PENNANCE PARC?

6 PENNANCE PARC is located in LANNER, in the TR16 postcode district. The below map shows the position of No. 6 on PENNANCE PARC.