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

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.

FAL VIEW is a midsized extended detached house of 99m², which could now be worth an estimated £460,828. It was last sold for £350,000 in January 2018, which was around 5% 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, and four 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
2018 30 JAN	£350,000	£332,078	5% above HPI
2014 6 MAR	£281,000	£285,322	2% below HPI
2010 9 MAR	£264,000	£278,102	5% below HPI
2004 2 APR	£250,000	£237,096	5% 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 was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the January 2018 sale, where it rises to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might FAL VIEW be worth now?

FAL VIEW might now be worth an estimated £460,828.

This is based on house price inflation of 31.7%, between January 2018 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 31.7% inflationary increase is applied to the most recent sale price for FAL VIEW of £350,000 on 30th January 2018. For the value to have increased from £350,000 to £460,828 over the six years and eleven months to February 2025, the following assumptions must hold true:

• The value of FAL VIEW has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The January 2018 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of FAL VIEW has not materially changed since January 2018.

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 houses in Lanner, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lanner, and where FAL VIEW lies on this distribution: 55% of detached houses houses are smaller than FAL VIEW, and 45% 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.