8, PENNANCE PARC, LANNER, REDRUTH, TR16 5TY - £315,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

8 PENNANCE PARC is a midsized detached house of 85m², built sometime between 1996 and 2002. It was last sold for £315,000 in November 2020, which was around 15% below the average November 2020 detached price in the Cornwall local authority area. The most recent EPC inspection was September 2011, where the current energy rating was D, and the potential energy rating was D.

8 PENNANCE PARC Sold Prices

Land registry data shows six sales for 8 PENNANCE PARC since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. All of the six 8 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
2020 26 NOV	£315,000	£371,513	15% below HPI
2014 9 OCT	£235,000	£290,735	19% below HPI
2014 9 JAN	£207,000	£276,524	25% below HPI
2012 23 MAR	£205,000	£272,318	25% below HPI
2009 15 JAN	£195,000	£253,572	23% below HPI
2001 3 JUL	£96,010	£128,745	25% below HPI

8 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 six 8 PENNANCE PARC sales between July 2001 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 October 2014 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the November 2020 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 8 PENNANCE PARC?

8 PENNANCE PARC is 85m² according to the EPC inspection conducted in September 2011. This puts it in the smallest 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 8 PENNANCE PARC lies on this distribution: 41% of detached houses are smaller than 8 PENNANCE PARC, and 59% of houses are larger. Note that EPC data is not available for all properties in Lanner.

8 PENNANCE PARC: Plot and Title Map

8 PENNANCE PARC sits on a plot of roughly 0.145 of an acre, or 588m². The below map shows the location of 8 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 8 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 8 PENNANCE PARC?

8 PENNANCE PARC is located in LANNER, in the TR16 postcode district. The below map shows the position of No. 8 on PENNANCE PARC.