FAIRWAYS, PENNANCE ROAD, LANNER, REDRUTH, TR16 5TF - £211,500

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

FAIRWAYS is a large extended detached house of 109m², built sometime between 1950 and 1966. It was last sold for £211,500 in January 2012, which was around 22% below the average January 2012 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 three sales for FAIRWAYS 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 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
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 three FAIRWAYS sales between September 2003 and January 2012 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 April 2010 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the January 2012 sale, where it rises to 22% below the HPI. The line then continues to track at 22% 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: 68% of detached houses are smaller than FAIRWAYS, and 32% 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 18.4 acres, or 74,512m². 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.