CHERRY TREES, GRANNYS LANE, PERRANPORTH, TR6 0HB - £700,000

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.

CHERRY TREES is a very small extended detached house of 92m², built sometime before 1900, which could now be worth an estimated £741,639. It was last sold for £700,000 in November 2021, which was around 70% above the average November 2021 detached price in the Cornwall local authority area. The most recent EPC inspection was August 2021, where the current energy rating was F, and the potential energy rating was C.

CHERRY TREES Sold Prices

Land registry data shows two sales for CHERRY TREES 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 CHERRY TREES 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
2021 1 NOV	£700,000	£412,683	70% above HPI
2018 12 DEC	£450,000	£340,883	32% above HPI

CHERRY TREES 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 CHERRY TREES sales from December 2018 and November 2021 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 December 2018 sale was for 32% above the HPI. So the extrapolation line tracks at 32% above the HPI over time, until the November 2021 sale, where it rises to 70% above the HPI. The line then continues to track at 70% above the HPI.

What might CHERRY TREES be worth now?

CHERRY TREES might now be worth an estimated £741,639.

This is based on house price inflation of 5.9%, between November 2021 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 5.9% inflationary increase is applied to the most recent sale price for CHERRY TREES of £700,000 on 1st November 2021. For the value to have increased from £700,000 to £741,639 over the four years and nine months to February 2025, the following assumptions must hold true:

• The value of CHERRY TREES has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The November 2021 sale price of £700,000 represented a fair market value for the property.
• The size, condition, and specification of CHERRY TREES has not materially changed since November 2021.

How Large is CHERRY TREES?

CHERRY TREES is 92m², which includes one extension, according to the EPC inspection conducted in August 2021. This puts it in the smallest 20% of detached houses houses in Perranporth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Perranporth, and where CHERRY TREES lies on this distribution: 17% of detached houses houses are smaller than CHERRY TREES, and 83% of houses are larger. Note that EPC data is not available for all properties in Perranporth.

CHERRY TREES: Plot and Title Map

CHERRY TREES sits on a plot of roughly 0.181 of an acre, or 733m². The below map shows the location of CHERRY TREES, 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 CHERRY TREES). 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 CHERRY TREES?

CHERRY TREES is located on GRANNYS LANE in PERRANPORTH, in the TR6 postcode district. The below map shows the position of CHERRY TREES on GRANNYS LANE.