GREENCROFT, PENGERSICK LANE, PRAA SANDS, PENZANCE, TR20 9SL - £375,000

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

GREENCROFT is a very small detached house of 76m², built sometime between 1967 and 1975, which could now be worth an estimated £537,615. It was last sold for £375,000 in October 2016, which was around 21% above the average October 2016 detached price in the Cornwall local authority area. The most recent EPC inspection was May 2015, where the current energy rating was E, and the potential energy rating was B.

GREENCROFT Sold Prices

Land registry data shows four sales for GREENCROFT 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 GREENCROFT 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
2016 28 OCT	£375,000	£309,703	21% above HPI
2002 16 JUL	£175,000	£167,868	4% above HPI
2001 5 OCT	£135,000	£141,977	5% below HPI
1995 30 JUN	£67,000	£71,863	7% below HPI

GREENCROFT 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 GREENCROFT sales between June 1995 and October 2016 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 July 2002 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the October 2016 sale, where it rises to 21% above the HPI. The line then continues to track at 21% above the HPI.

What might GREENCROFT be worth now?

GREENCROFT might now be worth an estimated £537,615.

This is based on house price inflation of 43.4%, between October 2016 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 43.4% inflationary increase is applied to the most recent sale price for GREENCROFT of £375,000 on 28th October 2016. For the value to have increased from £375,000 to £537,615 over the seven years and ten months to December 2024, the following assumptions must hold true:

• The value of GREENCROFT has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The October 2016 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of GREENCROFT has not materially changed since October 2016.

How Large is GREENCROFT?

GREENCROFT is 76m² according to the EPC inspection conducted in May 2015. This puts it in the smallest 10% of detached houses houses in Germoe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Germoe, and where GREENCROFT lies on this distribution: 9% of detached houses houses are smaller than GREENCROFT, and 89% of houses are larger. Note that EPC data is not available for all properties in Germoe.

GREENCROFT: Plot and Title Map

GREENCROFT sits on a plot of roughly 351.6 acres, or 1,422,725m². The below map shows the location of GREENCROFT, 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 GREENCROFT). 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 GREENCROFT?

GREENCROFT is located on PENGERSICK LANE in PRAA SANDS, in the TR20 postcode district. The below map shows the position of GREENCROFT on PENGERSICK LANE.