ERMELO, PENDEEN, PENZANCE, TR19 7SQ - £500,000

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

ERMELO is a very large extended detached house of 194m², built sometime between 1900 and 1929. It was last sold for £500,000 in October 2015, which was around 64% above the average October 2015 detached price in the Cornwall local authority area. The most recent EPC inspection was April 2015, where the current energy rating was E, and the potential energy rating was C.

ERMELO Sold Prices

Land registry data shows three sales for ERMELO 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. Two of the three ERMELO sales were for above the average price, whilst one was 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
2015 30 OCT	£500,000	£305,354	64% above HPI
2001 12 OCT	£175,000	£139,774	25% above HPI
1997 22 JUL	£80,000	£80,895	1% below HPI

ERMELO 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 ERMELO sales between July 1997 and October 2015 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 2001 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the October 2015 sale, where it rises to 64% above the HPI. The line then continues to track at 64% above the HPI.

How Large is ERMELO?

ERMELO is 194m², which includes one extension, according to the EPC inspection conducted in April 2015. This puts it in the largest 10% of detached houses in Pendeen, based on EPC data. The below chart shows the distribution of detached houses by size in Pendeen, and where ERMELO lies on this distribution: More than 99% of detached houses are smaller than ERMELO, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Pendeen.

ERMELO: Plot and Title Map

ERMELO sits on a plot of roughly 0.327 of an acre, or 1,323m². The below map shows the location of ERMELO, 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 ERMELO). 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 ERMELO?

ERMELO is located in PENDEEN, in the TR19 postcode district. The below map shows the position of ERMELO in PENDEEN.