MEADOWBANK, GILLS CLOSE, PENRYN, TR10 8RN - £248,000

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

MEADOWBANK is a midsized detached house of 93m², built sometime between 1996 and 2002. It was last sold for £248,000 in May 2016, which was around 19% below the average May 2016 detached price in the Cornwall local authority area. The most recent EPC inspection was February 2012, where the current energy rating was C, and the potential energy rating was C.

MEADOWBANK Sold Prices

Land registry data shows three sales for MEADOWBANK 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 MEADOWBANK 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
2016 6 MAY	£248,000	£304,401	19% below HPI
2012 2 NOV	£232,500	£269,114	14% below HPI
2002 31 OCT	£128,000	£180,565	29% below HPI

MEADOWBANK 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 MEADOWBANK sales between October 2002 and May 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 November 2012 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the May 2016 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is MEADOWBANK?

MEADOWBANK is 93m² according to the EPC inspection conducted in February 2012. This puts it in the smallest 50% of detached houses in Penryn, based on EPC data. The below chart shows the distribution of detached houses by size in Penryn, and where MEADOWBANK lies on this distribution: 40% of detached houses are smaller than MEADOWBANK, and 60% of houses are larger. Note that EPC data is not available for all properties in Penryn.

MEADOWBANK: Plot and Title Map

MEADOWBANK sits on a plot of roughly 0.071 of an acre, or 286m². The below map shows the location of MEADOWBANK, 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 MEADOWBANK). 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 MEADOWBANK?

MEADOWBANK is located on GILLS CLOSE in PENRYN, in the TR10 postcode district. The below map shows the position of MEADOWBANK on GILLS CLOSE.