MIRADOR, PENWERRIS LANE, FALMOUTH, TR11 2TR - £510,000

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

MIRADOR is a large detached house of 136m². It was last sold for £510,000 in October 2023, which was around 15% above the average October 2023 detached price in the Cornwall local authority area. The most recent EPC inspection was February 2014, where the current energy rating was D, and the potential energy rating was D.

MIRADOR Sold Prices

Land registry data shows three sales for MIRADOR 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. Two of the three MIRADOR sales were for above the average price, whilst one was 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
2023 24 OCT	£510,000	£444,397	15% above HPI
2016 4 JUL	£340,000	£297,479	14% above HPI
2007 9 OCT	£160,000	£301,184	47% below HPI

MIRADOR 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 MIRADOR sales between October 2007 and October 2023 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 July 2016 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the October 2023 sale, where it rises to 15% above the HPI. The line then continues to track at 15% above the HPI.

How Large is MIRADOR?

MIRADOR is 136m² according to the EPC inspection conducted in February 2014. This puts it in the largest 30% of detached houses in Falmouth, based on EPC data. The below chart shows the distribution of detached houses by size in Falmouth, and where MIRADOR lies on this distribution: 71% of detached houses are smaller than MIRADOR, and 28% of houses are larger. Note that EPC data is not available for all properties in Falmouth.

MIRADOR: Plot and Title Map

MIRADOR sits on a plot of roughly 0.033 of an acre, or 132m². The below map shows the location of MIRADOR, 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 MIRADOR). 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 MIRADOR?

MIRADOR is located on PENWERRIS LANE in FALMOUTH, in the TR11 postcode district. The below map shows the position of MIRADOR on PENWERRIS LANE.