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

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

FAIRWAYS is a large detached house of 153m², built sometime between 1967 and 1975. It was last sold for £485,000 in June 2019, which was around 47% 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	£329,773	47% above HPI
2005 12 JAN	£295,000	£259,153	14% 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 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the June 2019 sale, where it rises to 47% above the HPI. The line then continues to track at 47% above the HPI.

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 in Germoe, based on EPC data. The below chart shows the distribution of detached houses by size in Germoe, and where FAIRWAYS lies on this distribution: 64% of detached 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.