7, CREEPING LANE, PENZANCE, TR18 4PB - £375,000

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

7 CREEPING LANE is a very small extended detached house of 69m², built sometime between 1950 and 1966. It was last sold for £375,000 in November 2020, which was around 1% above the average November 2020 detached price in the Cornwall local authority area. The most recent EPC inspection was September 2018, where the current energy rating was E, and the potential energy rating was C.

7 CREEPING LANE Sold Prices

Land registry data shows three sales for 7 CREEPING LANE 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. One of the three 7 CREEPING LANE sales was for above the average price, whilst two 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
2020 17 NOV	£375,000	£371,513	1% above HPI
2019 18 FEB	£260,000	£334,777	22% below HPI
1999 12 AUG	£94,000	£98,105	4% below HPI

7 CREEPING LANE 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 7 CREEPING LANE sales between August 1999 and November 2020 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 February 2019 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the November 2020 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

How Large is 7 CREEPING LANE?

7 CREEPING LANE is 69m², which includes one extension, according to the EPC inspection conducted in September 2018. This puts it in the smallest 10% of detached houses in Penzance, based on EPC data. The below chart shows the distribution of detached houses by size in Penzance, and where 7 CREEPING LANE lies on this distribution: 10% of detached houses are smaller than 7 CREEPING LANE, and 89% of houses are larger. Note that EPC data is not available for all properties in Penzance.

7 CREEPING LANE: Plot and Title Map

7 CREEPING LANE sits on a plot of roughly 0.121 of an acre, or 491m². The below map shows the location of 7 CREEPING LANE, 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 7 CREEPING LANE). 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 7 CREEPING LANE?

7 CREEPING LANE is located in PENZANCE, in the TR18 postcode district. The below map shows the position of No. 7 on CREEPING LANE.