CARVOSSA BANK, LUDGVAN, PENZANCE, TR20 8AJ - £370,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

CARVOSSA BANK is a midsized extended detached house of 115m², built sometime between 1976 and 1982, which could now be worth an estimated £470,574. It was last sold for £370,000 in April 2020, which was around 8% above the average April 2020 detached price in the Cornwall local authority area. The most recent EPC inspection was February 2019, where the current energy rating was E, and the potential energy rating was A.

CARVOSSA BANK Sold Prices

Land registry data shows three sales for CARVOSSA BANK 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. All of the three CARVOSSA BANK 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 29 APR	£370,000	£343,783	8% above HPI
1999 19 AUG	£123,000	£99,651	23% above HPI
1997 4 FEB	£84,950	£78,773	8% above HPI

CARVOSSA BANK 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 CARVOSSA BANK sales between February 1997 and April 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 August 1999 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the April 2020 sale, where it falls to 8% above the HPI. The line then continues to track at 8% above the HPI.

What might CARVOSSA BANK be worth now?

CARVOSSA BANK might now be worth an estimated £470,574.

This is based on house price inflation of 27.2%, between April 2020 and February 2025, for detached houses, in the Cornwall local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 27.2% inflationary increase is applied to the most recent sale price for CARVOSSA BANK of £370,000 on 29th April 2020. For the value to have increased from £370,000 to £470,574 over the five years and two months to February 2025, the following assumptions must hold true:

• The value of CARVOSSA BANK has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The April 2020 sale price of £370,000 represented a fair market value for the property.
• The size, condition, and specification of CARVOSSA BANK has not materially changed since April 2020.

How Large is CARVOSSA BANK?

CARVOSSA BANK is 115m², which includes one extension, according to the EPC inspection conducted in February 2019. This puts it in the largest 50% of detached houses houses in Crowlas, based on EPC data. The below chart shows the distribution of detached houses houses by size in Crowlas, and where CARVOSSA BANK lies on this distribution: 56% of detached houses houses are smaller than CARVOSSA BANK, and 44% of houses are larger. Note that EPC data is not available for all properties in Crowlas.

CARVOSSA BANK: Plot and Title Map

CARVOSSA BANK sits on a plot of roughly 0.223 of an acre, or 904m². The below map shows the location of CARVOSSA BANK, 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 CARVOSSA BANK). 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 CARVOSSA BANK?

CARVOSSA BANK is located in LUDGVAN, in the TR20 postcode district. The below map shows the position of CARVOSSA BANK in LUDGVAN.