MAYTREE COTTAGE, PENNANCE LANE, LANNER, REDRUTH, TR16 5TL - £485,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

MAYTREE COTTAGE is a small extended detached house of 82m², built sometime before 1900. It was last sold for £485,000 in July 2022, which was around 11% above the average July 2022 detached price in the Cornwall local authority area. The most recent EPC inspection was July 2024, where the current energy rating was B, and the potential energy rating was A.

MAYTREE COTTAGE Sold Prices

Land registry data shows four sales for MAYTREE COTTAGE 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. Most of the four MAYTREE COTTAGE sales 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
2022 29 JUL	£485,000	£436,442	11% above HPI
2003 28 MAR	£154,000	£198,922	23% below HPI
1998 19 JUN	£60,000	£88,388	32% below HPI
1995 31 AUG	£50,000	£69,662	28% below HPI

MAYTREE COTTAGE 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 MAYTREE COTTAGE sales between August 1995 and July 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 March 2003 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the July 2022 sale, where it rises to 11% above the HPI. The line then continues to track at 11% above the HPI.

How Large is MAYTREE COTTAGE?

MAYTREE COTTAGE is 82m², which includes one extension, according to the EPC inspection conducted in July 2024. This puts it in the smallest 40% of detached houses in Lanner, based on EPC data. The below chart shows the distribution of detached houses by size in Lanner, and where MAYTREE COTTAGE lies on this distribution: 36% of detached houses are smaller than MAYTREE COTTAGE, and 63% of houses are larger. Note that EPC data is not available for all properties in Lanner.

MAYTREE COTTAGE: Plot and Title Map

MAYTREE COTTAGE sits on a plot of roughly 0.097 of an acre, or 392m². The below map shows the location of MAYTREE COTTAGE, 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 MAYTREE COTTAGE). 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 MAYTREE COTTAGE?

MAYTREE COTTAGE is located on PENNANCE LANE in LANNER, in the TR16 postcode district. The below map shows the position of MAYTREE COTTAGE on PENNANCE LANE.