FAIRWAYS, PENNANCE ROAD, LANNER, REDRUTH, TR16 5TF - £291,000

Based on the November 2024 Price Paid Data (released on 2nd January 2025), the October 2024 House Price Index (released on 18th December 2024), and the October 2024 Energy Performance of Buildings Data (released on 28th November 2024). Sources

FAIRWAYS is a large extended detached house of 109m², built sometime between 1950 and 1966. It was last sold for £291,000 in October 2024, which was around 33% below the average October 2024 detached price in the Cornwall local authority area. The most recent EPC inspection was May 2024, where the current energy rating was E, and the potential energy rating was C.

FAIRWAYS Sold Prices

Land registry data shows four sales for FAIRWAYS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. All of the four FAIRWAYS 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
2024 8 OCT	£291,000	£433,219	33% below HPI
2012 20 JAN	£211,500	£269,821	22% below HPI
2010 12 APR	£210,000	£278,768	25% below HPI
2003 30 SEP	£145,250	£218,085	33% below 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 four FAIRWAYS sales between September 2003 and October 2024 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 2012 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the October 2024 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is FAIRWAYS?

FAIRWAYS is 109m², which includes one extension, according to the EPC inspection conducted in May 2024. This puts it in the largest 40% of detached houses in Lanner, based on EPC data. The below chart shows the distribution of detached houses by size in Lanner, and where FAIRWAYS lies on this distribution: 66% of detached houses are smaller than FAIRWAYS, and 33% of houses are larger. Note that EPC data is not available for all properties in Lanner.

FAIRWAYS: Plot and Title Map

FAIRWAYS sits on a plot of roughly 0.254 of an acre, or 1,028m². 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 PENNANCE ROAD in LANNER, in the TR16 postcode district. The below map shows the position of FAIRWAYS on PENNANCE ROAD.