FERNBANK, PENPOL, DEVORAN, TRURO, TR3 6NP - £525,000

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

FERNBANK is a small extended detached house of 142m², built sometime between 1950 and 1966. It was last sold for £525,000 in September 2011, which was around 91% above the average September 2011 detached price in the Cornwall local authority area. The most recent EPC inspection was January 2011, where the current energy rating was F, and the potential energy rating was F.

FERNBANK Sold Prices

Land registry data shows three sales for FERNBANK 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 FERNBANK 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
2011 23 SEP	£525,000	£274,568	91% above HPI
1999 16 JUN	£155,000	£95,052	63% above HPI
1998 26 MAY	£120,000	£87,601	37% above HPI

FERNBANK 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 FERNBANK sales between May 1998 and September 2011 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 June 1999 sale was for 63% above the HPI. So the extrapolation line tracks at 63% above the HPI over time, until the September 2011 sale, where it rises to 91% above the HPI. The line then continues to track at 91% above the HPI.

How Large is FERNBANK?

FERNBANK is 142m², which includes one extension, according to the EPC inspection conducted in January 2011. This puts it in the smallest 40% of detached houses in Penpol, based on EPC data. The below chart shows the distribution of detached houses by size in Penpol, and where FERNBANK lies on this distribution: 36% of detached houses are smaller than FERNBANK, and 64% of houses are larger. Note that EPC data is not available for all properties in Penpol.

FERNBANK: Plot and Title Map

FERNBANK sits on a plot of roughly 0.237 of an acre, or 959m². The below map shows the location of FERNBANK, 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 FERNBANK). 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 FERNBANK?

FERNBANK is located on PENPOL in DEVORAN, in the TR3 postcode district. The below map shows the position of FERNBANK on PENPOL.