7, PENMERE DRIVE, FALMOUTH, TR11 4GF - £550,000

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 PENMERE DRIVE is a large detached house of 137m². It was last sold for £550,000 in November 2020, which was around 48% above the average November 2020 detached price in the Cornwall local authority area. The most recent EPC inspection was December 2019, where the current energy rating was B, and the potential energy rating was A.

7 PENMERE DRIVE Sold Prices

Land registry data shows two sales for 7 PENMERE DRIVE 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 7 PENMERE DRIVE 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
2020 3 NOV	£550,000	£371,513	48% above HPI
2018 29 JUN	£220,000	£326,989	33% below HPI

7 PENMERE DRIVE 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 7 PENMERE DRIVE sales from June 2018 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 June 2018 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the November 2020 sale, where it rises to 48% above the HPI. The line then continues to track at 48% above the HPI.

How Large is 7 PENMERE DRIVE?

7 PENMERE DRIVE is 137m² according to the EPC inspection conducted in December 2019. This puts it in the largest 30% of detached houses in Falmouth, based on EPC data. The below chart shows the distribution of detached houses by size in Falmouth, and where 7 PENMERE DRIVE lies on this distribution: 72% of detached houses are smaller than 7 PENMERE DRIVE, and 28% of houses are larger. Note that EPC data is not available for all properties in Falmouth.

7 PENMERE DRIVE: Plot and Title Map

7 PENMERE DRIVE sits on a plot of roughly 0.195 of an acre, or 790m². The below map shows the location of 7 PENMERE DRIVE, 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 PENMERE DRIVE). 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 PENMERE DRIVE?

7 PENMERE DRIVE is located in FALMOUTH, in the TR11 postcode district. The below map shows the position of No. 7 on PENMERE DRIVE.