GROVE HOUSE, HIGHER PENNANCE, REDRUTH, TR16 5TH - £455,000

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

GROVE HOUSE is a very large extended detached house of 202m², built sometime before 1900. It was last sold for £455,000 in September 2018, which was around 36% above the average September 2018 detached price in the Cornwall local authority area. The most recent EPC inspection was June 2016, where the current energy rating was F, and the potential energy rating was D.

GROVE HOUSE Sold Prices

Land registry data shows three sales for GROVE HOUSE 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 GROVE HOUSE 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
2018 28 SEP	£455,000	£335,524	36% above HPI
2016 27 SEP	£425,000	£302,629	40% above HPI
1996 30 AUG	£107,500	£72,969	47% above HPI

GROVE HOUSE 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 GROVE HOUSE sales between August 1996 and September 2018 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 September 2016 sale was for 40% above the HPI. So the extrapolation line tracks at 40% above the HPI over time, until the September 2018 sale, where it falls to 36% above the HPI. The line then continues to track at 36% above the HPI.

How Large is GROVE HOUSE?

GROVE HOUSE is 202m², which includes one extension, according to the EPC inspection conducted in June 2016. This puts it in the largest 10% of detached houses in Lanner, based on EPC data. The below chart shows the distribution of detached houses by size in Lanner, and where GROVE HOUSE lies on this distribution: 97% of detached houses are smaller than GROVE HOUSE, and 3% of houses are larger. Note that EPC data is not available for all properties in Lanner.

GROVE HOUSE: Plot and Title Map

GROVE HOUSE sits on a plot of roughly 0.453 of an acre, or 1,835m². The below map shows the location of GROVE HOUSE, 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 GROVE HOUSE). 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 GROVE HOUSE?

GROVE HOUSE is located in HIGHER PENNANCE, in the TR16 postcode district. The below map shows the position of GROVE HOUSE in HIGHER PENNANCE.