GEARS LODGE, GEARS LANE, GOLDSITHNEY, PENZANCE, TR20 9LB - £605,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

GEARS LODGE is a very large extended detached house of 201m², built sometime between 1996 and 2002. It was last sold for £605,000 in October 2020, which was around 66% above the average October 2020 detached price in the Cornwall local authority area. The most recent EPC inspection was August 2020, where the current energy rating was D, and the potential energy rating was C.

GEARS LODGE Sold Prices

Land registry data shows two sales for GEARS LODGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. One of the two GEARS LODGE sales was for above the average price, whilst the other 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
2020 23 OCT	£605,000	£364,602	66% above HPI
1999 1 APR	£45,000	£93,157	52% below HPI

GEARS LODGE 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 two GEARS LODGE sales from April 1999 and October 2020 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 April 1999 sale was for 52% below the HPI. So the extrapolation line tracks at 52% below the HPI over time, until the October 2020 sale, where it rises to 66% above the HPI. The line then continues to track at 66% above the HPI.

How Large is GEARS LODGE?

GEARS LODGE is 201m², which includes two extensions, according to the EPC inspection conducted in August 2020. This puts it in the largest 10% of detached houses in Goldsithney, based on EPC data. The below chart shows the distribution of detached houses by size in Goldsithney, and where GEARS LODGE lies on this distribution: 98% of detached houses are smaller than GEARS LODGE, and 2% of houses are larger. Note that EPC data is not available for all properties in Goldsithney.

GEARS LODGE: Plot and Title Map

GEARS LODGE sits on a plot of roughly 0.179 of an acre, or 723m². The below map shows the location of GEARS LODGE, 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 GEARS LODGE). 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 GEARS LODGE?

GEARS LODGE is located on GEARS LANE in GOLDSITHNEY, in the TR20 postcode district. The below map shows the position of GEARS LODGE on GEARS LANE.