MONTE ALVERNE, ALVERTON ROAD, PENZANCE, TR18 4TQ - £750,000

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.

MONTE ALVERNE is a very large detached house of 355m², built sometime between 1900 and 1929, which could now be worth an estimated £1,049,244. It was last sold for £750,000 in January 2017, which was around 140% above the average January 2017 detached price in the Cornwall local authority area. The most recent EPC inspection was May 2016, where the current energy rating was E, and the potential energy rating was C.

MONTE ALVERNE Sold Prices

Land registry data shows four sales for MONTE ALVERNE 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. All of the four MONTE ALVERNE sales were for above 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 4 JAN	£750,000	£312,533	140% above HPI
2013 7 MAY	£595,000	£273,052	118% above HPI
2008 30 OCT	£497,000	£284,720	75% above HPI
1995 12 DEC	£143,000	£71,995	99% above HPI

MONTE ALVERNE 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 MONTE ALVERNE sales between December 1995 and January 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 May 2013 sale was for 118% above the HPI. So the extrapolation line tracks at 118% above the HPI over time, until the January 2017 sale, where it rises to 140% above the HPI. The line then continues to track at 140% above the HPI.

What might MONTE ALVERNE be worth now?

MONTE ALVERNE might now be worth an estimated £1,049,244.

This is based on house price inflation of 39.9%, between January 2017 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 39.9% inflationary increase is applied to the most recent sale price for MONTE ALVERNE of £750,000 on 4th January 2017. For the value to have increased from £750,000 to £1,049,244 over the seven years and eleven months to February 2025, the following assumptions must hold true:

• The value of MONTE ALVERNE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The January 2017 sale price of £750,000 represented a fair market value for the property.
• The size, condition, and specification of MONTE ALVERNE has not materially changed since January 2017.

How Large is MONTE ALVERNE?

MONTE ALVERNE is 355m² according to the EPC inspection conducted in May 2016. This puts it in the largest 10% of detached houses houses in Penzance, based on EPC data. The below chart shows the distribution of detached houses houses by size in Penzance, and where MONTE ALVERNE lies on this distribution: 99% of detached houses houses are smaller than MONTE ALVERNE, and 1% of houses are larger. Note that EPC data is not available for all properties in Penzance.

MONTE ALVERNE: Plot and Title Map

MONTE ALVERNE sits on a plot of roughly 0.180 of an acre, or 730m². The below map shows the location of MONTE ALVERNE, 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 MONTE ALVERNE). 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 MONTE ALVERNE?

MONTE ALVERNE is located on ALVERTON ROAD in PENZANCE, in the TR18 postcode district. The below map shows the position of MONTE ALVERNE on ALVERTON ROAD.