ELM HOUSE, CROWLAS, PENZANCE, TR20 8DS - £295,000

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

ELM HOUSE is a small extended detached house of 92m², built sometime between 1900 and 1929. It was last sold for £295,000 in May 2021, which was around 21% below the average May 2021 detached price in the Cornwall local authority area. The most recent EPC inspection was August 2020, where the current energy rating was D, and the potential energy rating was B.

ELM HOUSE Sold Prices

Land registry data shows three sales for ELM HOUSE 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 ELM HOUSE 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 28 MAY	£295,000	£375,609	21% below HPI
2017 16 JUN	£14,000	£311,096	95% below HPI
2013 18 JUL	£146,000	£274,255	47% below HPI

ELM HOUSE 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 ELM HOUSE sales between July 2013 and May 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 June 2017 sale was for 95% below the HPI. So the extrapolation line tracks at 95% below the HPI over time, until the May 2021 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is ELM HOUSE?

ELM HOUSE is 92m², which includes one extension, according to the EPC inspection conducted in August 2020. This puts it in the smallest 40% of detached houses in Crowlas, based on EPC data. The below chart shows the distribution of detached houses by size in Crowlas, and where ELM HOUSE lies on this distribution: 39% of detached houses are smaller than ELM HOUSE, and 61% of houses are larger. Note that EPC data is not available for all properties in Crowlas.

ELM HOUSE: Plot and Title Map

ELM HOUSE sits on a plot of roughly 0.054 of an acre, or 217m². The below map shows the location of ELM HOUSE, 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 ELM HOUSE). 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 ELM HOUSE?

ELM HOUSE is located in CROWLAS, in the TR20 postcode district. The below map shows the position of ELM HOUSE in CROWLAS.