DRACAENA COTTAGE, CHAPEL LANE, PENRYN, TR10 8LP - £290,000

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

DRACAENA COTTAGE is a midsized extended detached house of 102m², built sometime before 1900. It was last sold for £290,000 in July 2021, which was around 24% below the average July 2021 detached price in the Cornwall local authority area. The most recent EPC inspection was June 2019, where the current energy rating was D, and the potential energy rating was B.

DRACAENA COTTAGE Sold Prices

Land registry data shows five sales for DRACAENA COTTAGE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. All of the five DRACAENA COTTAGE 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
2021 30 JUL	£290,000	£379,257	24% below HPI
2012 28 MAY	£145,000	£274,769	47% below HPI
2003 8 DEC	£168,000	£223,843	25% below HPI
2002 31 OCT	£128,000	£180,565	29% below HPI
1999 1 JUN	£60,000	£95,052	37% below HPI

DRACAENA COTTAGE 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 five DRACAENA COTTAGE sales between June 1999 and July 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 May 2012 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the July 2021 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is DRACAENA COTTAGE?

DRACAENA COTTAGE is 102m², which includes two extensions, according to the EPC inspection conducted in June 2019. This puts it in the largest 50% of detached houses in Penryn, based on EPC data. The below chart shows the distribution of detached houses by size in Penryn, and where DRACAENA COTTAGE lies on this distribution: 52% of detached houses are smaller than DRACAENA COTTAGE, and 48% of houses are larger. Note that EPC data is not available for all properties in Penryn.

DRACAENA COTTAGE: Plot and Title Map

DRACAENA COTTAGE sits on a plot of roughly 0.056 of an acre, or 228m². The below map shows the location of DRACAENA COTTAGE, 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 DRACAENA COTTAGE). 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 DRACAENA COTTAGE?

DRACAENA COTTAGE is located on CHAPEL LANE in PENRYN, in the TR10 postcode district. The below map shows the position of DRACAENA COTTAGE on CHAPEL LANE.