FAIRWAYS, PENGERSICK LANE, GERMOE, PENZANCE, TR20 9RB - £485,000

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.

FAIRWAYS is a large detached house of 153m², built sometime between 1967 and 1975, which could now be worth an estimated £633,067. It was last sold for £485,000 in June 2019, which was around 45% above the average June 2019 detached price in the Cornwall local authority area. The most recent EPC inspection was September 2016, where the current energy rating was C, and the potential energy rating was C.

FAIRWAYS Sold Prices

Land registry data shows two sales for FAIRWAYS 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 FAIRWAYS 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
2019 18 JUN	£485,000	£334,968	45% above HPI
2005 12 JAN	£295,000	£263,236	12% above HPI

FAIRWAYS 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 FAIRWAYS sales from January 2005 and June 2019 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 January 2005 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the June 2019 sale, where it rises to 45% above the HPI. The line then continues to track at 45% above the HPI.

What might FAIRWAYS be worth now?

FAIRWAYS might now be worth an estimated £633,067.

This is based on house price inflation of 30.5%, between June 2019 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 30.5% inflationary increase is applied to the most recent sale price for FAIRWAYS of £485,000 on 18th June 2019. For the value to have increased from £485,000 to £633,067 over the six years and four months to February 2025, the following assumptions must hold true:

• The value of FAIRWAYS has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The June 2019 sale price of £485,000 represented a fair market value for the property.
• The size, condition, and specification of FAIRWAYS has not materially changed since June 2019.

How Large is FAIRWAYS?

FAIRWAYS is 153m² according to the EPC inspection conducted in September 2016. This puts it in the largest 40% of detached houses houses in Germoe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Germoe, and where FAIRWAYS lies on this distribution: 64% of detached houses houses are smaller than FAIRWAYS, and 36% of houses are larger. Note that EPC data is not available for all properties in Germoe.

FAIRWAYS: Plot and Title Map

FAIRWAYS sits on a plot of roughly 0.338 of an acre, or 1,367m². The below map shows the location of FAIRWAYS, 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 FAIRWAYS). 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 FAIRWAYS?

FAIRWAYS is located on PENGERSICK LANE in GERMOE, in the TR20 postcode district. The below map shows the position of FAIRWAYS on PENGERSICK LANE.