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

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.

MIRADOR is a large detached house of 136m², which could now be worth an estimated £493,826. It was last sold for £510,000 in October 2023, which was around 13% 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	£451,551	13% above HPI
2016 4 JUL	£340,000	£302,166	13% above HPI
2007 9 OCT	£160,000	£305,929	48% 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 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the October 2023 sale, which was also at 13% above the HPI.

What might MIRADOR be worth now?

MIRADOR might now be worth an estimated £493,826.

This is based on house price deflation of 3.2%, between October 2023 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 3.2% deflationary decrease is applied to the most recent sale price for MIRADOR of £510,000 on 24th October 2023. For the value to have decreased from £510,000 to £493,826 over the two years and eight months to February 2025, the following assumptions must hold true:

• The value of MIRADOR has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The October 2023 sale price of £510,000 represented a fair market value for the property.
• The size, condition, and specification of MIRADOR has not materially changed since October 2023.

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 houses in Falmouth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Falmouth, and where MIRADOR lies on this distribution: 72% of detached houses 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.