MELBRAE, PENGERSICK LANE, PRAA SANDS, PENZANCE, TR20 9SL - £275,000

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

MELBRAE is a small detached house of 90m², built sometime between 1930 and 1949. It was last sold for £275,000 in November 2017, which was around 15% below the average November 2017 detached price in the Cornwall local authority area. The most recent EPC inspection was April 2015, where the current energy rating was G, and the potential energy rating was D.

MELBRAE Sold Prices

Land registry data shows three sales for MELBRAE 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 MELBRAE 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
2017 10 NOV	£275,000	£323,772	15% below HPI
2001 20 SEP	£115,000	£136,925	16% below HPI
1996 21 NOV	£55,000	£75,607	27% below HPI

MELBRAE 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 MELBRAE sales between November 1996 and November 2017 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 2001 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the November 2017 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is MELBRAE?

MELBRAE is 90m² according to the EPC inspection conducted in April 2015. This puts it in the smallest 30% of detached houses in Germoe, based on EPC data. The below chart shows the distribution of detached houses by size in Germoe, and where MELBRAE lies on this distribution: 21% of detached houses are smaller than MELBRAE, and 79% of houses are larger. Note that EPC data is not available for all properties in Germoe.

MELBRAE: Plot and Title Map

MELBRAE sits on a plot of roughly 0.236 of an acre, or 955m². The below map shows the location of MELBRAE, 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 MELBRAE). 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 MELBRAE?

MELBRAE is located on PENGERSICK LANE in PRAA SANDS, in the TR20 postcode district. The below map shows the position of MELBRAE on PENGERSICK LANE.