HIDEAWAY, HIGHER PENNANCE, REDRUTH, TR16 5TU - £720,000

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

HIDEAWAY is a large extended detached house of 127m², built sometime before 1900. It was last sold for £720,000 in October 2022, which was around 58% above the average October 2022 detached price in the Cornwall local authority area. The most recent EPC inspection was July 2020, where the current energy rating was C, and the potential energy rating was A.

HIDEAWAY Sold Prices

Land registry data shows three sales for HIDEAWAY 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 HIDEAWAY 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
2022 31 OCT	£720,000	£457,066	58% above HPI
1998 18 DEC	£128,950	£90,728	42% above HPI
1996 19 DEC	£95,000	£75,408	26% above HPI

HIDEAWAY 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 HIDEAWAY sales between December 1996 and October 2022 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 December 1998 sale was for 42% above the HPI. So the extrapolation line tracks at 42% above the HPI over time, until the October 2022 sale, where it rises to 58% above the HPI. The line then continues to track at 58% above the HPI.

How Large is HIDEAWAY?

HIDEAWAY is 127m², which includes two extensions, according to the EPC inspection conducted in July 2020. This puts it in the largest 20% of detached houses in Lanner, based on EPC data. The below chart shows the distribution of detached houses by size in Lanner, and where HIDEAWAY lies on this distribution: 80% of detached houses are smaller than HIDEAWAY, and 19% of houses are larger. Note that EPC data is not available for all properties in Lanner.

HIDEAWAY: Plot and Title Map

HIDEAWAY sits on a plot of roughly 0.137 of an acre, or 556m². The below map shows the location of HIDEAWAY, 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 HIDEAWAY). 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 HIDEAWAY?

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