8, LETHLEAN LANE, PHILLACK, HAYLE, TR27 5AW - £545,000

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

8 LETHLEAN LANE is a very large extended detached house of 155m², built sometime before 1900. It was last sold for £545,000 in November 2016, which was around 77% above the average November 2016 detached price in the Cornwall local authority area. The most recent EPC inspection was June 2023, where the current energy rating was C, and the potential energy rating was B.

8 LETHLEAN LANE Sold Prices

Land registry data shows two sales for 8 LETHLEAN LANE 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. Both of the two 8 LETHLEAN LANE sales were for above 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
2016 29 NOV	£545,000	£307,645	77% above HPI
2000 27 NOV	£215,000	£122,731	75% above HPI

8 LETHLEAN 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 two 8 LETHLEAN LANE sales from November 2000 and November 2016 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 November 2000 sale was for 75% above the HPI. So the extrapolation line tracks at 75% above the HPI over time, until the November 2016 sale, where it rises to 77% above the HPI. The line then continues to track at 77% above the HPI.

How Large is 8 LETHLEAN LANE?

8 LETHLEAN LANE is 155m², which includes two extensions, according to the EPC inspection conducted in June 2023. This puts it in the largest 20% of detached houses in Hayle, based on EPC data. The below chart shows the distribution of detached houses by size in Hayle, and where 8 LETHLEAN LANE lies on this distribution: 89% of detached houses are smaller than 8 LETHLEAN LANE, and 11% of houses are larger. Note that EPC data is not available for all properties in Hayle.

8 LETHLEAN LANE: Plot and Title Map

8 LETHLEAN LANE sits on a plot of roughly 1.1 acres, or 4,572m². The below map shows the location of 8 LETHLEAN 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 8 LETHLEAN 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 8 LETHLEAN LANE?

8 LETHLEAN LANE is located in PHILLACK, in the TR27 postcode district. The below map shows the position of No. 8 on LETHLEAN LANE.