FAL VIEW, HIGHER PENNANCE, REDRUTH, TR16 5TH - £350,000

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

FAL VIEW is a midsized extended detached house of 99m². It was last sold for £350,000 in January 2018, which was around 7% above the average January 2018 detached price in the Cornwall local authority area. The most recent EPC inspection was October 2009, where the current energy rating was F, and the potential energy rating was E.

FAL VIEW Sold Prices

Land registry data shows four sales for FAL VIEW 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. Two of the four FAL VIEW 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
2018 30 JAN	£350,000	£326,927	7% above HPI
2014 6 MAR	£281,000	£280,896	Close to HPI
2010 9 MAR	£264,000	£273,789	4% below HPI
2004 2 APR	£250,000	£233,419	7% above HPI

FAL VIEW 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 FAL VIEW sales between April 2004 and January 2018 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 March 2014 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the January 2018 sale, where it rises to 7% above the HPI. The line then continues to track at 7% above the HPI.

How Large is FAL VIEW?

FAL VIEW is 99m², which includes one extension, according to the EPC inspection conducted in October 2009. This puts it in the largest 50% of detached houses in Lanner, based on EPC data. The below chart shows the distribution of detached houses by size in Lanner, and where FAL VIEW lies on this distribution: 56% of detached houses are smaller than FAL VIEW, and 44% of houses are larger. Note that EPC data is not available for all properties in Lanner.

FAL VIEW: Plot and Title Map

FAL VIEW sits on a plot of roughly 0.101 of an acre, or 407m². The below map shows the location of FAL VIEW, 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 FAL VIEW). 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 FAL VIEW?

FAL VIEW is located in HIGHER PENNANCE, in the TR16 postcode district. The below map shows the position of FAL VIEW in HIGHER PENNANCE.