FIRCONES, ALEXANDRA ROAD, PENZANCE, TR18 4LZ - £450,000

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.

FIRCONES is a large extended detached house of 128m², built sometime between 1950 and 1966, which could now be worth an estimated £611,611. It was last sold for £450,000 in August 2017, which was around 40% above the average August 2017 detached price in the Cornwall local authority area. The most recent EPC inspection was July 2013, where the current energy rating was E, and the potential energy rating was C.

FIRCONES Sold Prices

Land registry data shows four sales for FIRCONES 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 FIRCONES 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
2017 31 AUG	£450,000	£321,698	40% above HPI
2014 31 JAN	£285,000	£280,880	1% above HPI
2009 17 FEB	£236,250	£255,404	7% below HPI
2005 27 JUN	£220,000	£262,718	16% below HPI

FIRCONES 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 FIRCONES sales between June 2005 and August 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 2014 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the August 2017 sale, where it rises to 40% above the HPI. The line then continues to track at 40% above the HPI.

What might FIRCONES be worth now?

FIRCONES might now be worth an estimated £611,611.

This is based on house price inflation of 35.9%, between August 2017 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 35.9% inflationary increase is applied to the most recent sale price for FIRCONES of £450,000 on 31st August 2017. For the value to have increased from £450,000 to £611,611 over the eight years and six months to February 2025, the following assumptions must hold true:

• The value of FIRCONES has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The August 2017 sale price of £450,000 represented a fair market value for the property.
• The size, condition, and specification of FIRCONES has not materially changed since August 2017.

How Large is FIRCONES?

FIRCONES is 128m², which includes two extensions, according to the EPC inspection conducted in July 2013. This puts it in the largest 40% of detached houses houses in Penzance, based on EPC data. The below chart shows the distribution of detached houses houses by size in Penzance, and where FIRCONES lies on this distribution: 68% of detached houses houses are smaller than FIRCONES, and 32% of houses are larger. Note that EPC data is not available for all properties in Penzance.

FIRCONES: Plot and Title Map

FIRCONES sits on a plot of roughly 0.135 of an acre, or 548m². The below map shows the location of FIRCONES, 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 FIRCONES). 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 FIRCONES?

FIRCONES is located on ALEXANDRA ROAD in PENZANCE, in the TR18 postcode district. The below map shows the position of FIRCONES on ALEXANDRA ROAD.