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

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

MAYTREE COTTAGE is a small extended detached house of 82m², built sometime before 1900, which could now be worth an estimated £478,341. It was last sold for £485,000 in July 2022, which was around 9% 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	£443,318	9% above HPI
2003 28 MAR	£154,000	£202,056	24% below HPI
1998 19 JUN	£60,000	£89,781	33% below HPI
1995 31 AUG	£50,000	£70,760	29% 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 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the July 2022 sale, where it rises to 9% above the HPI. The line then continues to track at 9% above the HPI.

What might MAYTREE COTTAGE be worth now?

MAYTREE COTTAGE might now be worth an estimated £478,341.

This is based on house price deflation of 1.4%, between July 2022 and February 2025, 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 1.4% deflationary decrease is applied to the most recent sale price for MAYTREE COTTAGE of £485,000 on 29th July 2022. For the value to have decreased from £485,000 to £478,341 over the three years and five months to February 2025, the following assumptions must hold true:

• The value of MAYTREE COTTAGE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The July 2022 sale price of £485,000 represented a fair market value for the property.
• The size, condition, and specification of MAYTREE COTTAGE has not materially changed since July 2022.

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 houses in Lanner, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lanner, and where MAYTREE COTTAGE lies on this distribution: 35% of detached houses 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.