APRIL LODGE, PARC MORREP, PRAA SANDS, PENZANCE, TR20 9TE - £510,000

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

APRIL LODGE is a midsized extended detached house of 132m², built sometime between 1983 and 1990. It was last sold for £510,000 in January 2020, which was around 50% above the average January 2020 detached price in the Cornwall local authority area. The most recent EPC inspection was November 2015, where the current energy rating was C, and the potential energy rating was C.

APRIL LODGE Sold Prices

Land registry data shows four sales for APRIL LODGE 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 APRIL LODGE 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
2020 24 JAN	£510,000	£340,517	50% above HPI
2014 3 OCT	£460,000	£290,735	58% above HPI
2007 2 NOV	£450,000	£301,935	49% above HPI
1996 15 MAY	£120,000	£70,377	71% above HPI

APRIL LODGE 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 APRIL LODGE sales between May 1996 and January 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 58% above the HPI. So the extrapolation line tracks at 58% above the HPI over time, until the January 2020 sale, where it falls to 50% above the HPI. The line then continues to track at 50% above the HPI.

How Large is APRIL LODGE?

APRIL LODGE is 132m², which includes one extension, according to the EPC inspection conducted in November 2015. This puts it in the smallest 50% of detached houses in Praa Sands, based on EPC data. The below chart shows the distribution of detached houses by size in Praa Sands, and where APRIL LODGE lies on this distribution: 45% of detached houses are smaller than APRIL LODGE, and 54% of houses are larger. Note that EPC data is not available for all properties in Praa Sands.

APRIL LODGE: Plot and Title Map

APRIL LODGE sits on a plot of roughly 351.5 acres, or 1,422,640m². The below map shows the location of APRIL LODGE, 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 APRIL LODGE). 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 APRIL LODGE?

APRIL LODGE is located on PARC MORREP in PRAA SANDS, in the TR20 postcode district. The below map shows the position of APRIL LODGE on PARC MORREP.