FIR CROFT, PERRAN DOWNS, PENZANCE, TR20 9HG - £465,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

FIR CROFT is a large detached house of 178m², built sometime between 1983 and 1990, which could now be worth an estimated £627,785. It was last sold for £465,000 in November 2017, which was around 41% above the average November 2017 detached price in the Cornwall local authority area. The most recent EPC inspection was June 2016, where the current energy rating was D, and the potential energy rating was C.

FIR CROFT Sold Prices

Land registry data shows three sales for FIR CROFT 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. One of the three FIR CROFT sales was for above the average price, whilst two 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
2017 13 NOV	£465,000	£328,873	41% above HPI
2003 31 JAN	£163,000	£199,409	18% below HPI
1996 18 JUL	£52,500	£72,533	28% below HPI

FIR CROFT 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 FIR CROFT sales between July 1996 and November 2017 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 2003 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the November 2017 sale, where it rises to 41% above the HPI. The line then continues to track at 41% above the HPI.

What might FIR CROFT be worth now?

FIR CROFT might now be worth an estimated £627,785.

This is based on house price inflation of 35%, between November 2017 and December 2024, 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 35% inflationary increase is applied to the most recent sale price for FIR CROFT of £465,000 on 13th November 2017. For the value to have increased from £465,000 to £627,785 over the six years and eleven months to December 2024, the following assumptions must hold true:

• The value of FIR CROFT has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The November 2017 sale price of £465,000 represented a fair market value for the property.
• The size, condition, and specification of FIR CROFT has not materially changed since November 2017.

How Large is FIR CROFT?

FIR CROFT is 178m² according to the EPC inspection conducted in June 2016. This puts it in the largest 30% of detached houses houses in Perran Downs, based on EPC data. The below chart shows the distribution of detached houses houses by size in Perran Downs, and where FIR CROFT lies on this distribution: 77% of detached houses houses are smaller than FIR CROFT, and 21% of houses are larger. Note that EPC data is not available for all properties in Perran Downs.

FIR CROFT: Plot and Title Map

FIR CROFT sits on a plot of roughly 0.201 of an acre, or 813m². The below map shows the location of FIR CROFT, 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 FIR CROFT). 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 FIR CROFT?

FIR CROFT is located in PERRAN DOWNS, in the TR20 postcode district. The below map shows the position of FIR CROFT in PERRAN DOWNS.